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Patrice Peyret
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Patrice Peyret is the co-founder and CEO of Banking Up, an online and mobile financial services company, providing businesses, banks and their consumers with smart, technology-forward personal finance products. He was the co- founder and CEO of Mobileway, which was renamed Mobile365 and acquired by Sybase in November 2006 for $425 million. He founded Integrity Arts, which was acquired by Sun Microsystems in 1997.

Entries by Patrice Peyret

Of Bitcoins and Ethical Banking

(0) Comments | Posted October 7, 2013 | 1:35 PM

2013-10-06-cashroomtreasury.jpg
The most beautiful meeting room I have ever been to is in the Treasury building near the White House. It is called the Cash Room, because it used to contain actual piles of cash when the Treasury was the bankers' bank....
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In New York Times, Prepaid Fee Story Misses The Mark

(5) Comments | Posted July 2, 2013 | 1:22 PM

In yesterday's New York Times story Paid via Card, Workers Feel Sting of Fees, reporters Jessica Silver-Greenberg and Stephanie Clifford raise an important question but fail to answer it: Are a significant number of employers forcing hourly workers to use expensive payroll cards?

The three key conditions...

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Are Some of Your Customers Left Behind by Their Bank? Help Them

(1) Comments | Posted June 13, 2013 | 11:09 AM

The federal is deficit going down. The Dow Jones is at an all-time high. The consumer confidence index is inching back up. For business owners, everything is looking good, right?

Hidden in the upbeat data is another trend that could have big impact on your business. Much of the job...

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Prepaid Is the New Checking (With Help From Your Cellphone)

(1) Comments | Posted February 4, 2013 | 4:48 PM

Did you notice? After years of being two separate product lines, prepaid card accounts and checking accounts are merging into a single new offering:

  • American Express calls Bluebird "The Checking & Debit Alternative by American Express"

  • Simple's tag line is "Worry-Free Alternative to Traditional Banking"

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Is It Time to Use a Mobile Wallet?

(2) Comments | Posted October 24, 2012 | 2:26 PM

You may have seen it. You're standing in line at McDonalds, Starbucks, Home Depot or a local store, and the person in front of you waives her phone at checkout then walks out with her stuff. No cash, no card, just a waving phone.

That person in...

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Bring Moneychangers Back to the Temple (Church and Mosque)?

(0) Comments | Posted July 5, 2012 | 3:04 PM

What is the best way to help struggling Americans?

This month I was privileged to attend two conferences devoted to helping the struggling: the Clinton Global Initiative in Chicago and the Center for Financial Services Innovation's Underbanked Forum in San Francisco. Both events had tracks...

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4 Ways Prepaid Card Vendors Can Help Reduce Consumer Anxiety

(1) Comments | Posted March 26, 2012 | 2:52 PM

It's tax-filing season, and the fastest-growing way to receive tax refunds is on prepaid cards. So it is a great time to review how prepaid card vendors can do a better job explaining how the cards work and what the true costs are. More clarity will help reduce people's anxiety...

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The Psychology of Saving (Especially When You're Broke)

(0) Comments | Posted September 19, 2011 | 4:02 PM

Saving money isn't always easy. And when people are struggling financially, it can seem impossible, yet that's when it's even more important to save for the unexpected.

2011-09-16-SavingsRate.png Source(s): U.S. Department of Commerce: Bureau of Economic Analysis
The best savings programs use...
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June 29 Marks a New Day for Retailers, and Possibly Consumers Too

(1) Comments | Posted June 30, 2011 | 6:00 PM

The Federal Reserve today issued the final rules on the Durbin Amendment, and it's an ultimate win for retailers, although I predict some battles to come from the banking industry and consumers before the dust settles.

The Amendment, part of the sweeping Dodd-Frank financial overhaul legislation, allows the Federal...

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38 Billion Dollars in Overdraft Fees Is Ridiculous

(3) Comments | Posted May 20, 2011 | 2:30 PM

During tough economic times, many of us can get dangerously close to the bottom of our checking accounts several times a year. As checks may not clear in the order we write them, sometimes our balance will even go negative by accident. This is the dreaded overdraft.

Many years ago,...

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Check vs. Card

(2) Comments | Posted April 18, 2011 | 10:30 AM

Two weeks ago, Consumers Union's report "Adding It All Up: How Prepaid Card Fees Compare to Checking Account Fees" found that prepaid cards often are more expensive than checking accounts.

A week before, a Bretton Woods Inc. report "

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Profile of Early-Adopters: Low-Income African-American Women With Kids and No College

(0) Comments | Posted February 21, 2011 | 2:35 PM

Americans who ditch retail banking due to higher fees this year might look for inspiration to a surprising group: low-income African American women with kids and no college.

Last month, JPMorgan Chase CEO Jamie Dimon made headlines when he estimated that roughly...

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Twitter at 6 Years of Age?

(6) Comments | Posted January 31, 2011 | 4:30 PM

No, Twitter is actually not six years old yet. I am talking about using Twitter when you are only 6 years of age.
2011-01-30-YoungTwitter2.jpgYesterday on French television, the evening news had a segment about a teacher in Dunkirk (Dunkerque for the...

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Why You Should Care About Hidden Interchange Fees in 2011

(3) Comments | Posted December 29, 2010 | 3:58 PM

Is the debit card interchange price right?On December 16, the Federal Reserve Board proposed a new rule that would lower by as much as 84 percent the $16.2 billion in fees that merchants pay annually when you swipe your debit card at...

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The Kardashians Launch A Prepaid Card: Check the Fine Print

(1) Comments | Posted November 8, 2010 | 4:40 PM

Today, the Kardashian sisters are putting name and celebrity status behind a Mastercard prepaid card. The sisters, Kim, Khloe and Kourtney, are the latest in a line of celebrities who have launched branded prepaid cards, including Russell Simmons, Lil Wayne and Amar'e Stoudemire. [Disclosure: the Amar'e card is an UPside...

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Fix yourself a great e-trip with Keith Richards, an iPad and Google maps.

(0) Comments | Posted October 25, 2010 | 12:17 AM

2010-10-25-iPadKR.jpg
By the time you read this, Keith Richards' book, "Life", will be available from Apple's iBooks store.
While I could only pre-order the book and read the first 40 pages, I enjoyed one of the best reading experiences in...

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The beginning of the end for abusive payday loans?

(0) Comments | Posted October 1, 2010 | 1:31 PM

Payday Loans
Gary Rivlin's book "Broke USA" describes Sandra Harris, an accounting technician who borrowed $200 from a payday lender to pay her car insurance after her husband lost his job. Eight thousand dollars in fees later, the couple...

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For College Students, Credit or Debit is the Question

(0) Comments | Posted August 23, 2010 | 1:51 PM

2010-08-23-NeutralCard.jpgAs college students head back to campus, a financial question of the moment for students and parents is whether to set up credit or debit accounts to back up the plastic in your wallets?

This question, of course, is spurred by bank...

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How about financial services that help, not exploit, the broke?

(2) Comments | Posted June 30, 2010 | 6:14 PM

I am midway through reading Gary Rivlin's new book, Broke, USA. As CNN Money contributor Dan Okrent puts it in his review, Rivlin's book is about the industry of "vulture finance." It exposes large and small financial services companies that prey on financially vulnerable people because...

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Beyond the iPhone: prepaid phones take off

(1) Comments | Posted May 21, 2010 | 6:13 PM

While a certain class of people, myself included, obsess about our iPhones, there's a quieter yet bigger cell phone revolution going on: the worldwide growth of prepaid phones.

2010-05-23-MobilePhoningPeopleOnHorizon.jpgPrepaid phone plans, where you pay as you go with no contract, are the largest...

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