60 minutes piece on a company called Stripe that is shaking up the financial payments industry. Some questions for your students:

• What is Stripe and why is their payment service considered innovative?
• How are start-ups “unbundling the banks?” Which companies mentioned are you familiar with?
• How does your generation view banks and financial services? Do you envision using the same bank as your parents? Why or why not?
• How can lower-income bank customers pay more for services than higher income customers?
• What advantages do these start-ups have over the existing banking companies?
• Does online security worry you when it comes to banking?

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Here’s a great NGPF project to teach your students how to analyze new fintech apps and products

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.