Payments 2012 has come and gone already, and the three plus days the conference took place in Baltimore was a whirlwind of activity. Organized by NACHA - The Electronic Payments Association, the industry conference attracted thousands who came to hear about new developments in the payments space, to network and, of course, to have fun. Below are some of Bank Systems & Technology's choices of the most interesting and juicy quotes of the conference.
May 04, 2012
2. It's Not Your Fault
There are times I believe that the credit crisis probably created more sales [of prepaid cards] than any particular dislike for banks in general.
— Steve Streit, CEO of prepaid company Greendot Corp., speaking during the openings morning session at Payments 2012. Streit said that the ease of use and lack of fees is what led many U.S. consumers to embrace prepaid cards over the last several years.
