oh no...
Don't get me wrong if they pulls this off it will rock.
But we've discussed this before... and it is a hard problem. Extremely Hard
Twitter's Alex Payne quits, heads onto something new.
11–20 of 166 posts
Re: Twitter's Alex Payne quits, heads onto something new.
#12[deleted]
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Re: Twitter's Alex Payne quits, heads onto something new.
#13this already exists: USAA Banking and Investing
Re: Twitter's Alex Payne quits, heads onto something new.
#14Good luck with that.
There is no such think as a bank that doesn't suck. If there are, they are called credit unions. For profit banks have customers. Non-profit credit unions have members.
Re: Twitter's Alex Payne quits, heads onto something new.
#15This is at least the second long time Twitterer to found a new business related to finance or payments (the other was Jack Dorsey's Square). I guess they're in a position to perceive a high level need in that area? Pushing money around gives you a lot more chance for revenue than dealing with mere tweets, I suppose.
Re: Twitter's Alex Payne quits, heads onto something new.
#16this already exists: USAA Banking and Investing
USAA Banking and Investing isn't accessible to most of the public, and is locked down as to be almost indistinguishable from other credit-unions for their non-veteran, non-military customers.
Re: Twitter's Alex Payne quits, heads onto something new.
#17We've had the bank discussion here before, and some of it seems to come down to the fact that banks are required to do a lot of regulatory stuff that is not 'simple'.
Link to previous discussion?
I'd be curious if incorporating outside the U.S. is the best option for them here to avoid the regulation. Or going on a SeaStead :) They'd still need relationships with Visa and Mastercard though.
Re: Twitter's Alex Payne quits, heads onto something new.
#18Re: Twitter's Alex Payne quits, heads onto something new.
#19What's up with the .net for their domain?
Re: Twitter's Alex Payne quits, heads onto something new.
#20From their about faq page:
How do I deposit checks?
Take a photo of the check with your smart phone and send it to us with our app. Pretty simple, right?
Is this really secure? I know there are some people doing cardreaders as an attachment to the phone, but pictures of checks?