Big rise in Australian card fraud

October 9, 2015
/   Insights

Cases of card not present (CNP) fraud are continuing to rise across all corners of the globe, as EMV forces criminals away from traditional fraud channels.

EMV is Here: Tips & Tricks You Need to Know

October 7, 2015
/   Insights

The EMV (Europay, MasterCard, Visa) shift went into effect on October 1, 2015 and a majority of large retailers and merchants have upgraded POS terminals to accept EMV chip cards. Despite this new mandate,...

FI Highlight: BankMobile

October 2, 2015
/   Spotlight

Financial institutions that aren’t developing and catering to the wants and needs of younger demographics are missing out on huge opportunities for growth. Luvleen Sidhu, Chief Strategy and Marketing Officer at BankMobile, spoke with...

EMV Liability Shift: Are You Ready?

September 28, 2015

The talking is nearly over for the US payments industry as October 1st sees the all-important EMV liability shift. Chip cards are being issued to consumers and merchants are upgrading their point of sale...

The 5 Most Dangerous Mobile Banking Habits

September 14, 2015
/   Voices

Mobile banking grows more ubiquitous every year. 52 percent of smartphone owners with a bank account use mobile banking, according to the Federal Reserve, and more than half of users log in at least...

The Case for CSR

September 7, 2015

The demise of a New York City law shouldn’t stop good works

FI Highlight: Nusenda Credit Union

September 1, 2015
/   Spotlight

While it is important for banks and credit unions to consider the needs of consumers, it’s also important for FIs to take employee needs into consideration as well. Michelle Dearholt, SVP of Human Resources at Nusenda...

Is a .bank Domain Right for Your Bank?

August 28, 2015
/   Voices

With the general availability of the .bank registry under way, more than 5,500 applications from over 2,200 banks have already taken place, according to fTLD Registry Services.

Can Smartphones Solve ATM Skimming

/   Insights

ATM skimming remains a big business for organized crime rings. According to a recent article in, card skimming accounted for more than $2 billion in losses. One new approach that banks are exploring...

Cause and Effect: If you build it, will they come?

July 23, 2014
/   Spotlight

Many financial institutions assume that digital banking is lucrative because the most valuable customers happen to bank online. While there is certainly a correlation between online bankers and higher profitability, quantitative evidence suggests that...

Fast Facts: Student Loans

January 22, 2013
/   Insights

The Financial Services Roundtable recently released another iteration of its Fast Facts, reliable, bullet-point research about issues facing the financial services industry. Topics span TARP, Dodd-Frank, insurance, lending, retirement savings and more.  Below are some updated Fast...

Intuit 2020 Report: The Future of Financial Services

April 11, 2011
/   Insights

Today, Intuit released the latest edition of the Intuit 2020 report, Intuit 2020 Report: The Future of Financial Services, which identifies and examines four key trend areas that will  transform the financial services industry...

The Top 10 Trends in the Digital Banking Industry

December 18, 2013
/   Spotlight

2014 is rapidly approaching and as the year wraps, the Digital Insight team has pulled together the top 10 trends in the digital banking industry based on data and trends from studying financial institutions....

Making Banking Fun: Gamification in Financial Services

August 5, 2013
/   Insights

Recently, the team sat in on American Banker’s webinar, “Gamification in Financial Services: Five Proven Ways to Get an Edge,” which shared how leading brands in financial services have applied gamification to reach...

Small Business: Perception vs. Reality

November 21, 2012
/   Insights

In the most recent election cycle, like most others before it, the one sector of the economy that got the most attention was small business.  This is the future, we were told by every...

Technology M&As: The Beats Go On

May 29, 2014
/   Insights

The ongoing fascination with Apple’s $3 billion purchase of Beats Electronics is entirely understandable, because it’s a cool story. However, it also says a lot about what’s going on between finance and tech.

What We’re Reading

May 5, 2011
/   Spotlight

Below are interesting stories the staff has been reading over the past week. What have you been reading? Let us know in the comments section below. Virtual Banking Worlds Provide Tangible Lessons American...

What We’re Reading: Thanksgiving Edition

November 22, 2012
/   Spotlight

Below are interesting stories the staff has been reading over the past week. What have you been reading? Let us know in the comments section below or Tweet @bankingdotcom. Mobile Thursday? Plans for Thanksgiving...

Bitcoin is one of those things that uncertainty revolves around. While Bitcoin has become an increasingly popular option as a payment platform, there are those who still speculate that Bitcoin is on its way to the pile of other discarded fads. On the other hand, there are those that still rally for the crypto currency, citing current economic data as the premise of their argument for Bitcoins success. Below is an analysis of what market indicators show promise for Bitcoin and which point to eventual failure.

Current Value

One particular market indicator that shows that the crypto currency still has a bright future is the market itself. After trading at a one-week in the previous week, Bitcoin is back up to $350. Trading for Bitcoin has tended to remain in the same value area.

While $350 for Bitcoin does show promise, the Bitcoin price index, as predicted by the NetoTrade meta-trader, says otherwise.  says otherwise. The price index indicates that the average price of Bitcoin worldwide has decreased 97%, which is certainly not a modest figure. The record high for Bitcoin was $1,242 in 2013. Therefore, it isn’t terribly unclear why current market forecasters are uncertain regarding the success of Bitcoin.

Integrating Bitcoin into the Economy

It seems that the days of traditional currency exchanges are coming to an end. Despite Bitcoin’s low trading value relative to its past value, popular vendors are more willing to integrate Bitcoin into their payment systems. For instance, PayPal recently announced partnerships with certain merchants that will allow the company to accept payments from Bitcoin using customers. While there is uncertainty about just how the Bitcoin-PayPal integration is going to work, there are ongoing discussions about the details. An integration between PayPal and Bitcoin is likely to expand the currency’s use on a global scale, leading to stronger trading values and success on the market.

The Anti-Bitcoin Sentiment

While there are a few positive indications that Bitcoin may truly become a currency of the future, there is still an anti-Bitcoin sentiment that is alive and well among market analysts. One prominent investor, Matt Phillips declared that Bitcoin was the “worst thing to invest in” in 2014. His sentiment is that Bitcoin is ultimately doomed because it isn’t really a currency, but a form of payment that most retail chains and consumers will want to accept. One of the few ways that Bitcoin will be able to survive, according to Phillips, is through government backing and the market actually taking the “plaything” seriously.

The Future

Looking at Bitcoin’s performance the market, its integration into well-known retail systems, and the strong anti-Bitcoin sentiment, it seems that the results are mixed. True success for Bitcoin really depends upon its ability to attain more widespread acceptance within the market and upon acceptance by government and investors. While Bitcoin trading is still strong, it is nothing compared to the high the crypto-currency exhibited a few years ago and it is unlikely that it will reach such levels. Trading was high for Bitcoin in 2013 because it was seen as a new fad and only the future will say whether the fad is going to be a true form of payment.

Alex Richardson is a Harvard graduate and a marketing and technology expert working with WebHawks Inc. He is based in California, from where he writes to share his thoughts on technology and business development across different marketing fraternities. Catch up with him on LinkedIn for more updates and well researched articles.



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Compelling voices and contributed content from around the web

James W. Gabberty

Gabberty is a professor of information systems at Pace University in New York City. An alumnus of the Massachusetts Institute of Technology and New York University Polytechnic Institute, he has served as an expert witness in telecommunication and information security at the federal and state levels and holds numerous certifications from SANS & ISACA.

Brad Strothkamp

Marisa Mann

Marisa Mann brings over 15 years of experience in consulting and financial services industries to the Solstice team, working on large scale enterprise initiatives across many technologies, including specializing in the digital space – Internet and mobile. Mann is passionate about mobile and the endless possibilities for the enterprise, delivering business value through strong brand recognition and driving to excellence in the consumer experience. Prior to Solstice, Mann worked at JP Morgan Chase, Diamond Management and Technology Consultants, Washington Mutual, Inc, and Accenture.

Zachary Ehrlich

25-year-old writer, and as a native San Franciscan, I am unreasonably loyal to Bank of America, if only for their superhero-like origin story, involving the 1906 earthquake and Italian fruit vendors.