Archive for July, 2011

Why “To Raise or Not to Raise Rates” is a Trick Question

July 27, 2011

In a prior post, I suggested that raising rates elsewhere in order to compensate for a lowered debit interchange rate cap might not be prudent in every case. “To raise or not to raise” isn’t really the question. In fact, stated that way, it’s a trick question. It assumes an all-or-nothing approach.  Not all clients [...]

Tags:
Posted in Banking, Finance | No Comments »

Living with Durbin/VISA

July 22, 2011

With the recent announcement that the Fed is setting the debit interchange rate cap at 21 cents, the financial services community breathed a collective sigh of relief. To be sure, 21 cents is less than what was charged in the past. But it’s better than the 15 to 20 cents that the market expected, and [...]

Tags:
Posted in Banking, Finance | No Comments »

Magic Wand Ahead: Meet Google Wallet

July 19, 2011

Ah, the ubiquitous Google. It’s not just for maps, web, images, videos, news, shopping, mail, analytics, advertising, translations and, well, everything under the sun anymore. Now it’s in your wallet. On second thought, make that, now it IS your wallet. Yes, Google Wallet is here.  As more and more businesses hop on board, expect to [...]

Tags:
Posted in Mobile Banking | No Comments »

Increase in Mobile Usage Impacts Banking Industry

July 12, 2011

A growing number of Americans rely on their mobile phones to access the Internet, utilize money-saving applications and engage social networking websites. But a new survey shows consumers are also using their smartphones to manage their finances. The results of the study – conducted by strategy consulting and research firm Mercatus – suggest that as [...]

Posted in Mobile Banking | No Comments »