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Blockchain is not about political systems. It is simply a shared ledger, cryptology and replication. Crypto currencies will not be broadly accepted by legitimate entities and persons since there are better allternatives that provide legal protections. Corporations will continue to pay in dollars and euros. But, blockchain can radicalize bank accounting systems.

This is a really cool application. It's Google on steroids. Visa and MasterCard rules are difficultcomplex. This app makes it so much easier to find answers the first time.

Chip + PIN has real value. It could reduce fraud losses by $$$ billions. Now that there is a liability shift for losses in the U.S., merchants and banks need to push this. This liability shift will cost them even more in terms of total card acceptance costs if they do not do pin! Remember the U.S. has the highest interchange rates which means the highest merchant acceptance costs in the world. The merchants need a big break. Enough is enough! Disrupters are planning alternatives to today's high merchant acceptance costs. New P2P, P2B and B2B schemes will disintermediate the U.S.'s card business due to high merchant acceptance costs caused by high interchange rates and a shift in the liability rules. The banks should be all over the pin thing as a way of creating value for the merchants. Perhaps this will enable them to maintain interchange rates.

I hope the U.S. implements chip and "PIN" eventually. This will really drive down losses at brick and mortar locations.

I've been involved in banking for 42 years. In the last 10 years innovation in banking has been problematic. The U.S. has lost its leadership edge to others. I hope the U.S. gets its innovation engine in high gear in the next 10 years. Perhaps this is why the disrupters are making advances. They are doing things that the banks have shied away from.

As a former banker I was told I had to cut operating expenses. The outcome was not pretty. The good people will leave first. The bank will be left with third stringers with a labor union attitude. Good luck on this.

This should be interesting to watch. Normally, people from other industries are challenged when they enter the banking business. I wish her much success!

Payment analytics enables new new value added revenue producing services, improved productivity, lower risk related losses and higher customer satisfaction via

1. Delivery of better customer and market insight

2. Risk rating improvements for you and your clients

3. Better delivery of liquidity management information to clients and the bank

4. Enable improved sales and servicing efficiency 

The technical elements for digital transformation are not mobile related since that's a given. The real heavy lifting are the following key elements:

1.) real time access to and management of data, both structured and non-structured -- data is a bank's natural resource!

2.) analytics that enables rich predictive market & customer insights, real time liquidity management, better risk management, and improved operational & sales efficiency

3.) an architectural framework

Tye is one the payment industry leaders who really delivered. He will be missed.