The long, winding DIF road

It has been a slog for the industry to get to this point, and while the credits are appreciated, the environment was still better in the 1990s when many banks paid no premiums at all. But given how much things have changed in the last 25 years, the post-crisis premium structure seems appropriate. [Continue]

Payment realities

Was anyone surprised when the Fed announced August 5 it would create a real-time payment and settlement service? The Fed has been the backstop clearing house for payments for more than a century; the evolution of those payments to digital is no reason for the Fed to back away from the crucial work of facilitating payments and settlement. [Continue]

Credit for cash flow

It’s a big deal when any small business lands a big customer. Business owners dream of landing a Fortune 500 customer that will assure sales and boost profits. But of course, that’s not the end of the challenge. No small business owner wants to become dependent upon one big customer, so the ultimate goal is to land several big customers. [Continue]

Entrepreneurship starts with you

An entrepreneur is someone who surveys the landscape, looks for things that could be improved, and acts toward that improvement. Entrepreneurship, at its essence, is problem-solving. Sometimes an entrepreneur will start a company to solve that problem, and if the company is successful, that entrepreneur becomes famous. [Continue]