Viewing profile — quintinsykes

Connectivity between businesses and bank payment platforms is a huge point of pain for both banks and their customers. Large banks have been focused on resolving this with their la…

My guess is that when he speaks of 'verification' it's more in the context of underwriting the originator of the transaction for fraud/creditworthiness vs. ensuring the account bei…

You're absolutely right, the structure is different for Signature and PIN debit. Pre-Durbin there was a large gap between Signature and PIN debit interchange income and banks wante…

I was speaking in terms of charging the $5/month fee. Pre-Durbin amendment there was a much wider gap between PIN and Signature debit revenue which is why the bank encouraged you t…

The bank likely won't care if you use your card with a PIN ("PIN debit") or with a signature ("Signature debit"), which you refer to as "processed as credit". Either way, they stil…

BankSimple itself does not have a bank charter and is providing its services through bank partners. http://banksimple.com/blog/BankSimple/partners-funding/

Just gave up Reader after using for a couple of years. I found I could get the same benefit following the same people/blogs/publications in Twitter and using Instapaper for stuff I…

Same experience for me. I have a lifetime account and they offered the migration to me for free. Granted, I had nothing but email and a vanilla CMS running so I had simple needs bu…

Regarding the comment on interchange, while the proposed 12 cent debit interchange cap may be revised upward, it's not likely that Durbin Amendment supporters and the Fed are going…

Mint rolls up activity in transaction accounts too, not just credit cards. So debit card transactions, checks where the user provided the merchant name, and (much less likely) even…