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Twitter's Alex Payne quits, heads onto something new.

al3x.net

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Re: Twitter's Alex Payne quits, heads onto something new.

#71

Post by billpaetzke »

ihodes wrote: post #38
maxklein wrote: post #33

I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.

That's why I'll be using it first, and lots of my fellow college students who have a lot less to use and a lot more to gain from using a bank like BankSimple. Time is in short supply, and fees eat away at my little pool of cash. I'm willing to take the risk, and willing to put my money in the hands of people who are young, smart and innovative, instead of bureaucratic, slow and set in their ways. Not only that, but i…

ING Direct (ingdirect.com) is an amazing online-only bank that has virtually no fees. They've got amazing customer service. And they have the best bank web user interface I've ever dealt with. BankSimple will need to differentiate themselves from ING Direct somehow.

edit: Why the downvotes? I use ING Direct as my main bank. I love it. BankSimple will need to differentiate themselves from ING Direct to win me over.

edit #2: I have nothing against BankSimple. I hope they succeed. The market could use another friendly, efficient, tech-savvy bank. Perhaps they will drive innovation in the banking industry.

Re: Twitter's Alex Payne quits, heads onto something new.

#72

Post by [deleted] »

ihodes wrote: post #38
maxklein wrote: post #33

I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.

That's why I'll be using it first, and lots of my fellow college students who have a lot less to use and a lot more to gain from using a bank like BankSimple. Time is in short supply, and fees eat away at my little pool of cash. I'm willing to take the risk, and willing to put my money in the hands of people who are young, smart and innovative, instead of bureaucratic, slow and set in their ways. Not only that, but i…

[deleted]

Re: Twitter's Alex Payne quits, heads onto something new.

#73

Post by ahoyhere »

maxklein wrote: post #33

I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.

I met Alex when he was still doing top-secret compsec work. BankSimple is a lucky company. I love the premise. Hoorah!

Re: Twitter's Alex Payne quits, heads onto something new.

#74

Post by rit »

maxklein wrote: post #33

I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.

Not to be smarmy:

but that's worked out SO well over the last oh, year or so.

The grave old men in suits I mean.

You know, the ones who weren't actually able to stay in business and the ones who didn't go under were acquired by another bank that totally and utterly screwed you. Or your bank was simply shut down by the FDIC.

It's time for new thinking - FDIC insurance will protect you up to, I believe, $250,000 now.

Re: Twitter's Alex Payne quits, heads onto something new.

#75

Post by whyenot »

dzlobin wrote: post #68
whyenot wrote: post #64

I currently use Charles Schwab Bank, and don't really see how SimpleBank would be a big improvement. The only feature that SimpleBank has that Charles Schwab Bank doesn't seems to be the ability to take pictures of checks and send those electronically when you want to make a deposit. Is "al3x" from twitter really up on all the details and security concerns of running an online bank? Will his company do a better job t…

Can you please read about the other founders and the actual company before you think they aren't "up on all the details"

I did look at the bank website and at the team before I posted .

As I mentioned, the features of SimpleBank do not appear to be much different from what is available from my current internet bank. As far as the team goes, they may be bright, but none appear to have worked at a bank before, either brick and mortar or digital.

Re: Twitter's Alex Payne quits, heads onto something new.

#76

Post by kscaldef »

dzlobin wrote: post #68
whyenot wrote: post #64

I currently use Charles Schwab Bank, and don't really see how SimpleBank would be a big improvement. The only feature that SimpleBank has that Charles Schwab Bank doesn't seems to be the ability to take pictures of checks and send those electronically when you want to make a deposit. Is "al3x" from twitter really up on all the details and security concerns of running an online bank? Will his company do a better job t…

Can you please read about the other founders and the actual company before you think they aren't "up on all the details"

I'm not sure that one guy who "specializes in strategy consulting for financial institutions" make me feel all that much more confident. Are there more members of the team missing from their "Team" page?

Re: Twitter's Alex Payne quits, heads onto something new.

#77

Post by [deleted] »

billpaetzke wrote: post #71
ihodes wrote: post #38

Earlier quoted context omitted.

That's why I'll be using it first, and lots of my fellow college students who have a lot less to use and a lot more to gain from using a bank like BankSimple. Time is in short supply, and fees eat away at my little pool of cash. I'm willing to take the risk, and willing to put my money in the hands of people who are young, smart and innovative, instead of bureaucratic, slow and set in their ways. Not only that, but i…

ING Direct (ingdirect.com) is an amazing online-only bank that has virtually no fees. They've got amazing customer service. And they have the best bank web user interface I've ever dealt with. BankSimple will need to differentiate themselves from ING Direct somehow. edit: Why the downvotes? I use ING Direct as my main bank. I love it. BankSimple will need to differentiate themselves from ING Direct to win me over. ed…

[deleted]

Re: Twitter's Alex Payne quits, heads onto something new.

#79

Post by dzlobin »

plusbryan wrote: post #44
maxklein wrote: post #33

I'm sorry, but I want my bankers to be grave old men in suits. I also want my bank to have offices all over the world and I want to know that they are handling money many hundreds of times larger than whatever I have. I don't want a bank started by a guy called al3x, and who just left twitter. It sounds innovative, but it doesn't sound...dependable. And if there is one feature I want my bank to have, it's dependable.

Lots of potential in this space. But you're right, for some reason, a 502 Bad Gateway error seems less forgivable when coming from a bank.

They haven't launched yet and got a huge press hit today, take it easy.
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