quintinsykes

4 ms·

1.
Canada implements world’s first national Bitcoin law(duhaimelaw.com)
3 points by quintinsykes 12y ago|0 comments
2.
by quintinsykes 13y ago
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 largest clients (enabling connectivity to SAP, Oracle, etc.),
3.
by quintinsykes 13y ago
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 being debited is valid.
4.
by quintinsykes 15y ago
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 wanted you to use Signature debit for that reason. With Durbin r
5.
by quintinsykes 15y ago
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 to use Signature debit by surcharging you for using PIN debi
6.
by quintinsykes 15y ago
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 still know it's your debit card that was used even though PIN a
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by quintinsykes 15y ago
BankSimple itself does not have a bank charter and is providing its services through bank partners. http://banksimple.com/blog/BankSimple/partners-funding/
8.
by quintinsykes 15y ago
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 wanted to read later. For me, it's one less thing to keep
9.
by quintinsykes 16y ago
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 but the migration was very smooth.
10.
by quintinsykes 16y ago
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 sit idly by if banks/card associations either overtly encou
11.
Will Facebook Kill the US Dollar?(banking4tomorrow.com)
3 points by quintinsykes 16y ago|1 comments
12.
by quintinsykes 16y ago
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 cash transactions where the user bothered to categorize th