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Posts by Glen Sarvady

08/09/2018

Sure, Bank Branches Are Declining – But Let’s Keep Things in Perspective

Here we go again. We can probably count on a replay of these headlines with every quarterly bank earnings release cycle. Here’s a recent one, courtesy of CNN: “Why Bank of America Branches Are Disappearing.” The article begins with the concise statement, “The future of banking is here- and it’s mobile.” I agree wholeheartedly with this…

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07/23/2018

Dear Diary – The Secrets of US Consumer Payment Choice

The Federal Reserve remains the go-to source for authoritative data on the US payments system. In most cases – such as with the Payments Study the Fed issues every three years – the data is gathered from financial institutions. Add some behavioral data collected directly from consumers into the mix, though, and things get really…

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01/23/2018

Money 20/20’s Recurring Themes Mirror FinTech Hot Topics

Money 20/20 offers a great opportunity to assess the pulse of the payments marketplace. With more than 11,000 attendees, it’s the largest annual conference for bankers as well as service providers in the fintech space- with a healthy dose of venture capitalists and startups as well. Increasingly, major players have also used the Money 20/20…

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10/13/2017

What’s Next for Checks? A New Deluxe Webinar Offers Data-Driven Answers

It’s no secret that paper check volumes have been in steady decline in the US for the past two decades. Some have openly wondered whether remaining volumes will “fall off a cliff” sometime soon. Predictions of the death of the check are nothing new- in the early 2000s I worked for an electronic commerce company…

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06/09/2016

It’s All About the Blockchain (er, Distributed Ledger)

It’s not about Bitcoin. There may eventually be a commercially viable- albeit still niche- role for cryptocurrency. It probably won’t be filled by Bitcoin, though, which is unlikely to sufficiently erase its tainted image. But that’s a red herring- the virtual currency opportunity is not the impetus for the billions of investment dollars announced and…

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05/05/2016

The Practical Futurist (no, that’s not an oxymoron…)

I’ll admit I entered Sheryl Connelly’s keynote session at the NACHA Payments conference with a healthy dose of skepticism. I’m usually underwhelmed by futurists- I generally find them to be skilled public speakers espousing notions too high level for practical application. Connelly is a refreshing exception. As Chief Futurist (they employ more than one?) for…

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04/07/2016

UL, Corporate Transformation and the Continuing EMV Saga

Consumers of a certain age can vividly recall the black & white Underwriters Laboratories tag affixed to power cords of every household electrical appliance. Through the magic of LinkedIn I recently connected with representatives of UL (now the firm’s legal name) and discovered an organization that’s found fascinating ways to evolve with the times, including…

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