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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.

#151

Post by rythie »

dkasper wrote: post #132
rythie wrote: post #101

It would be cool if bills appeared in an inbox on your online bank account so you could review and pay it in one click. Also, you would have the full details of what you bought in the history of your account. Also a graph and projection of your bank balance would be neat. Actually, an API for a bank would be really cool.

It would be cool if bills appeared in an inbox on your online bank account so you could review and pay it in one click A lot of banks have some sort of bill pay feature. I have a feature that is exactly like this in my Schwab account including being able to view the bills to see what's on them and pay in one click.

What's Schwab? These people: http://www.schwab.com/ ?

My Banks have sort of a bill pay feature though it's not like I described, it's just a pre-populated list of payees like Electric, Gas, Water etc. companies and it's not even that simple because each company often has several accounts so you have to pick the correct one.

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

#152

Post by rythie »

rythie wrote: post #101

It would be cool if bills appeared in an inbox on your online bank account so you could review and pay it in one click. Also, you would have the full details of what you bought in the history of your account. Also a graph and projection of your bank balance would be neat. Actually, an API for a bank would be really cool.

Also, it would cool if you could graph a particular bill against time e.g. your phone bill.

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

#153

Post by FreeRadical »

alanh wrote: post #143
billpaetzke wrote: post #71

Earlier quoted context omitted.

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…

ING Direct has screwed me out of money, hence my downvote.

Can you please elaborate?

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

#154

Post by hoggle »

rythie wrote: post #101

It would be cool if bills appeared in an inbox on your online bank account so you could review and pay it in one click. Also, you would have the full details of what you bought in the history of your account. Also a graph and projection of your bank balance would be neat. Actually, an API for a bank would be really cool.

Exactly what I am thinking. There is so much inefficiency involved when dealing with money and in fact much of bureaucracy.

My bank offers the same "services" now for almost ten years. It always feels like the 90s all over again when I have to manually handle csv files. I don't even want to talk about advanced stuff like processing of invoices. I don't care enough about it to really have some script scraping it for me automatically and the lack of an API does contribute to that. There is so much overhead to all of this it's unbelievable.

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

#155

Post by sanswork »

dzlobin wrote: post #145
sanswork wrote: post #140

Earlier quoted context omitted.

Being sarcastic or dismissive of concerns isn't the way to deal with that type of criticism which was my point. Not that maxkleins criticism was valid or well based that said however, saying "yeah look how the existing banks" have done doesn't tell us anything about how you plan to better that and doesn't really say much at all since for the most part and most of the time the traditional banks do really well. He didn…

I'm quite certain they aren't doing traditional loans/investments

Do you work for them or have insider knowledge of what they intend to invest in? You've mentioned this a few times but I've yet to see a response. If you do than what is it they plan to invest in/what kind of loans are they going to be offering to make up for the interest they will be paying out?

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

#156

Post by retube »

petercooper wrote: post #111
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.

My mother-in-law thinks that shopping online is crazy because she thinks people can steal her credit card number from over the wires too easily and because you don't know if you're using a "real" shop.

my mother is exactly the same. she thinks that doing anything online is inherently risky. I try to explain that when shes uses to pay for stuff in a shop, or over the phone, her credit card details are being transmitted over the internet too, but she wont listen.

There _are_ risks with shopping from your PC. Largely from key-stroke recorders. However, the 2 times I've been victim of fraud were both from card-skimming in a physical store.

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

#157

Post by rogermugs »

jplewicke wrote: post #110
nroach wrote: post #100

Earlier quoted context omitted.

Seriously. USAA may be a very stogy institution in general, but their banking arm has been on an absolute roll the last couple of years. Between their iPhone app, a great web site, and excellent customer service, they're setting the benchmark for online banking. And, by catering to service members who are literally strewn across the globe, they "get" remote banking.

It's worth noting that BankSimple has a blog entry endorsing USAA as the best existing bank in the US: http://banksimple.net/blog/2010/03/21/the-best-bank-in-the-u... .

i use usaa... WOOT.

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

#158

Post by _3ex7 »

al3x wrote: post #119
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.

Hi Max, I understand where you're coming from. The simplest answer is: if you don't want to bank with us, then don't. We don't imagine that we'll replace every bank ever. There are plenty of traditional banks that may be going bust left and right, but hey, you're free to do business with them. A more complicated answer is that BankSimple will have the backing of established, traditional financial entities who are ful…

> ... so the risk to you as a customer ...

If you are trying to differentiate yourself from other banks, I would stop referring to your users as "customers". CUs call them "members". I have always preferred "comrades".

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

#159

Post by devinj »

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…

Er, you pay fees as a student?

My bank (RBC) is run by old men in suits, plus I pay no mandatory fees. Optional fees are another thing. If I want the convenience of using an ATM not run by the bank, I pay a surcharge. But, it's a big bank, with ATMs everywhere I go. The surcharge is never paid. :)

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

#160

Post by marvin »

judofyr wrote: post #144
marvin wrote: post #127

This is going to be interesting. Sucky banking services are largely an American phenomenon. My bank in Norway has no physical offices and conducts all of its services over the internet, phone or mail. There are (practically) no fees and the interest rates on its savings/checking accounts (there are interchangable, since there are no fees) are within 0.2% p.a. from the best that can be obtained anywhere in the country…

What's the name of the bank?

Ya bank.
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