Author Archive

Banning Cashlessness

March 18, 2019

As of July 1, cashless stores and restaurants in Philadelphia will be no more. Existing cashless businesses will not be grandfathered but required to revert. Outside of a few exceptions such as parking lots, hotels, and car rental agencies, the Philadelphia City Council has deemed cashless businesses discriminatory.  If you have a bank account, as [...]

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The Apple Card Cometh

March 11, 2019

Innovation doesn’t always move forward. Sometimes it circles back.   For instance, Amazon saved you from having to travel to physical stores, and then circled back and opened physical stores. Starbucks made it so you’d never again have to brew supermarket coffee at home, and then circled back and placed its products in supermarkets so [...]

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Adaptive Blackberry takes the wheel

March 6, 2019

Remember Blackberry? It’s still around—and making headlines. The company just announced its $1.4 billion cash purchase of Cylance, known among other things for AIs that guard against cyberattacks. And in particular, the autonomous car industry has taken notice. A little over a decade ago, you weren’t cool, much less current, unless you were packing a Blackberry phone. [...]

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The age of AI

February 27, 2019

If you’re going to produce a drama with an Artificial Intelligence unit as a principal character, here’s a tip: be sure the AI unit turns evil and dangerous. Sweet, empathetic AIs like David in A.I. Artificial Intelligence and Andrew in Bicentennial Man tend to land with a thud. We humans like our AIs scary, thank you very much. We [...]

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“Deal Frenzy”?
More mergers and acquisitions headed our way

February 19, 2019

Mergers that don’t make national news might create the impression that bank M&As aren’t frequent. The opposite is true. Last week, the Federal Reserve listed 163 pending financial institution merger or acquisition applications. And that’s just in the United States. But some mergers have caused buzz, like the planned mergers TCF Bank with Chemical Bank, Fifth Third Bancorp* with MB Financial Inc., SunTrust [...]

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