10 Results
Gerard Hergenroeder Retired IBMer and Banking Executive at Payments Shark
It has been awhile since I last posted a blog. I am sure everyone is thinkling about potential credit losses as a result of rising unemployment rates. In the U.S. it now over 15%. During the great mortgage recession in 2007 loan losses peaked at 10%. It took almost 10 years to get the loss rate below 5%. Just prior to the recesssion losses averaged...
08 May 2020 /payments /retail Futuristic Banking
Warren Buffet and his thoughts on Bitcoin -- "Speaking to CNBC anchor Becky Quick ahead of Berkshire Hathaway's annual meeting in Omaha, Nebraska on Saturday, the billionaire investor said bitcoin — the largest and most well-known cryptocurrency — is "probably rat poison squared." I agree with Warren. Bitcoin has no real mass market...
09 May 2018 /payments Blockchain Observations
Bitcoin is a fraud, nothing more than a ponzi scheme. I do feel sorry for those people buying at today's prices. I remember studying the tulip crash in the 1600's. I predict Bitcoin will crash in 2018. When it crashes you get nothing, not even a beautiful tulip. Here's a list of market crashes: Market Crashes: The Tulip and Bulb Craze (1630s) Mar...
08 December 2017 /payments
The payments industry is in the throes of a perfect storm – the traditional payments business is at risk from excessive rising costs and disruption which calls for radical payments transformation (Content for these thoughts are Gerard Hergenroeder’s solely, not his employer IBM) Below are a list of proof points that bankers and payments people shou...
06 April 2017 /payments
Dodd-Frank legislation created a heavy compliance burden for financial insititutions. Hundreds of billions of dollars have been spent on compliance and fines. Most banks' IT budgets today have a ton of compliance projects. Some banks are spending 35% to 50% of their IT budget on compliance alone. Aside from the IT spend for compliance the number o...
11 November 2016 /regulation
Top 10 Payments Predictions for 2016 -- What do think will happen in 2016? By Gerard Hergenroeder – Thoughts expressed wherein may not necessarily be endorsed by his employer. # 1 Wallet Wars -- Clarity around who will dominate the wallet market becomes cloudy. Some banks and retailers offer their own solutions. # 2 Banks reprice services -- In...
11 January 2016 /retail
Introduction The payment business generates a lot of revenue globally, more than $1 trillion a year today, and it is expected to double in the next ten years. With that kind of current and future revenue it is a clear and present candidate for disruption. There are disruptors spending billions of dollars today trying to get a stake in tomorrow's r...
01 September 2015
Is it time for the U.S. payments industry to make some bold moves? Faster Payments will be a reality in the U.S. sooner than what most believe. The last time the U.S. embarked upon a "major" payments innovation was in the 1970's. ATMs were introduced and the ACH was implemented. The card business embraced electronics at the point of sale....
01 April 2015 /payments
As a former banker the BBVA story struck a real nerve. It reminds me that there are bold thinkers in the market who have vision. And, more importantly they are willing to fund and execute the relevant capabilities to build it. I wish BBVA much success. At the end of the day it is about connecting with people in new and exciting ways that generate ...
17 March 2015 /retail
Let's take a second here and consider that many of compliance requirements could also: 1.) enable new product development that could drive value added services for their corporate clients, producing more top line revenue 2.) improve sales and servicing productivity that results in improved customer satisfaction and revenue. The basic requirements f...
26 June 2014
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