While you were taking vacation, and while PYMNTS and MPD were building your fall schedule, legislators and lobbyists in Washington DC were working to rewrite the business rules and economics of the core of retail financial services: deposit management and access. These changes are so potentially disruptive, and the impact on the industry so potentially broad, that we all need to relearn the debit business as a result. If you took the debit course before, or even if you thought you placed out of it with AP DDA management credit, you must sign up for this class. The syllabus has changed, and there’s a brand new textbook. Don’t grumble –everyone has to retake this.
While it may seem obvious to those who have been in the industry for the past decade or more, with the recent changes in the debit landscape in the US, it bears repeating that retail deposit access management is fundamental to the overall health of US financial institutions, retailers and to the economy in general. (Read More)
In this session, we’ll take a look at how legislative intervention, potentially broad regulation, and oversight by the central bank and a consumer protections board could bring significant change to this complex ecosystem. (Read More)
Let’s start by looking back at each of the major stakeholder groups to see how their experience of debit in the future might change. (Read More)
For the conclusion of this course section, as will be the case for every course, we’ve developed a short quiz to see what –if anything—we all have learned from the lecture, debates, blogs, shouting matches, and outside reading in which we’ve engaged over the past week. (Take Quiz)
Pencils are down and the exams have been graded. We wanted to share with you the results of the Debit 101 Exam to date. (View Results)
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