February 26, 2013

Why Credit Cards are Stuck in the Past

Ellis Hamburger, The Verge


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Josh Reich is CEO and founder of Simple, a banking startup that combines the design sensibilities of Square with the common sense of Mint. He has led the company to over half a billion dollars in transactions and 25,000 customers, with over 200,000 more still on the wait list to gain access. Simple also built the first mobile banking app we actually enjoy using. Reich took a few minutes to talk to The Verge about why most banks throw away 97 percent of your spending data, the best calculator ever made, and why we won’t be ditching plastic credit cards anytime soon. You can find him on Twitter at @i2pi.

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TAGGED: Money, Banking, Credit