Alex Payne, One of Twitter's First Employees, Deposits Himself at Banksimple

With what must be the best motto in the history of banking--"Don't Suck"--banksimple has announced its forthcoming arrival onto the online financial scene by luring a key member to its team. Alex Payne waved goodbye to his job as API lead at Twitter to become the bank's Chief Product & Technology Officer.

Online personal finance has proven to be a difficult business to master. Witness the fall of FiLife
last month. Mint.com has not seen a significant increase in unique visitors since it...