One year after swipe-fee reform, opponents and supporters of new financial regulations maintain their stance on the effects of the reform. Opponents say retailers did not keep their promises of lower consumer prices, while consumers also face increased fees on their checking accounts. Supporters acknowledge that the retail industry is reaping the savings, but these savings are
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Even though the country as a whole has been reigning in credit-card debt and paying bills on time, about half the country still owes more than $15,000, says Alex Matjanec, co-founder of MyBankTracker.com in an interview with NY1.
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Simple goes mobile with the launch of its first mobile banking application — only for the iPhone, for now. Having been subject to high expectations, Simple’s mobile app will play a major role in how people will perceive this revolutionary alternative to traditional banking.
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Mobile wallet adoption is on the rise according to new research, but the products are very young still. In fact, it has yet to be sorted out exactly how these products will help bring frictionless payments to market. There’s an almost even divide between mobile wallets that employ NFC — near field communication — and
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As if the current level of illegality of gay marriage in North Carolina is not enough, the state is holding an election on a proposal to constitutionally ban such marriages. In a YouTube video Catherine Bessant, Global Technology and Operations Executive at Bank of America (NYSE: BAC), has publicly opposed the bill, stating that it
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While banks continue to levy fees on their customers, there also exist some new ways to avoid these fees, explains Alex Matjanec, co-founder of MyBankTracker.com in an interview with NY1.
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Credit card users often have very little say in the features and terms of their cards. Imagine a credit card that uses the power of crowdsourcing to design these features and terms — that is what Barclaycard US aims to offer this spring.
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The use of prepaid cards is on the rise as banks and prepaid-card companies target the under- and unbanked portion of the American population. But consumers should watch for fees. Prepaid cards can end up costing a fortune if you use them actively, says Alex Matjanec, co-founder of MyBankTracker.com in an interview with CBS News.
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Banks continue to infuriate customers with excessive fees. But banks’ love of fees is understandable. In an interview with NBC10 Philadelphia, Alex Matjanec, co-founder of MyBankTracker.com, explains that deposit accounts cost banks about $300 a year each, but earn only about $115.
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We still don’t have hoverboards, but the future as depicted by Hollywood is always inching closer to reality. A Lithuanian tech firm, Etronika, recently developed a beta version of a banking application that syncs with Microsoft’s Kinect, a motion-sensing device that is typically used to make video games more physically interactive. Soon, perhaps, you’ll be
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