News & Commentary
Content posted in January 2002
Push To Meet The Internet Needs Of Small Businesses Pays Off For Wells Fargo
News  |  1/24/2002
Wells Fargo claims it currently services 20 percent of all small businesses that utilize online banking.
FleetBoston Launches Collaborative Portal for Wholesale Banking
News  |  1/24/2002
The Fleet Business Advisor portal allows users to access and exchange documents, images and reports in real time from disparate Fleet repositories throughout its enterprise.
Pitney Bowes Joins the E-Commerce Parade
News  |  1/24/2002
Pitney Bowes launches a number of services to support B2B and EBPP initiatives.
Freddie Mac Upgrades Its Multifamily Mortgage Transaction System
News  |  1/24/2002
Software from e-Cognita Technologies adds document authoring to Freddie Mac's mortgage transaction technology.
EXECUTIVE CHANGES
News  |  1/24/2002
Mary Beth Farrell appointed executive vice president of Finance and Corporate Administrative Services at AXA Client Solutions; Dr Anthony W. Kirby named group marketing director at Reuters; Anthony Malak joins Francotyp-Postalia, Inc as vice president of operations.
INTERNATIONAL BYTES
News  |  1/24/2002
Dresdner Bank Group selects Accelio Corporation product to automate their credit worthiness scoring and rating process; Deutsche Bundesbank implements Trema's Finance KIT 5.0 to manage its foreign currency reserves; KBC Bank NV uses SunGard eProcess Intelligence's intelliMATCH to match and reconcile securities items and related cash.
TRADE SHOW/ASSOCIATION UPDATE
News  |  1/24/2002
The Smart Card Alliance unveils conference plans; FSTC-member institutions launch a three-month validation test of WAP 1.2.1 mobile transactions; New conference showcasing successful applications of Biometric Technologies launched.
Bank Offers E-Business Consultancy Service To Texas Marketplace
News  |  1/10/2002
Southwest Bank of Texas will offer itself as an e-business consultancy to area businesses and organizations.
THALES e-Security Offers Hardware-Based Host Security
News  |  1/10/2002
Hardware-based encryption provides an added layer of security to Web-based transactions.
Hitting The Account Aggregation Sweet Spot
News  |  1/10/2002
Gomez research shows that nearly two-thirds of Active Web Bankers show "top-box" interest in account aggregation, as long as their bank offers it and integrates it with the account management offering.
Executive Changes
News  |  1/10/2002
Brady M. Cole to serve on NACHA Board of Directors; Jennifer L. Blevins joins AXA Financial as executive vice president in charge of Human Resources; David K. Chui has been named to the Board of Directors of Bridge Bank of Silicon Valley.
International Bytes
News  |  1/10/2002
City Card Systems AG signs an agreement with SCM Microsystems for 10,000 smart card terminals; JPMorgan Investor Services converts asset managers to the new SWIFT messaging standards; The African Banking Corporation signs a software deal with AXS-One Inc.
North America Bytes
News  |  1/10/2002
Douglas National Bank taps Raymond James Financial Services to provide investment programs to its services department; MasterCard RPPS launches a campaign to raise public awareness of EBPP services; TSYS signs a five-year credit card processing agreement with CIBC.
Association/Trade Show Update
News  |  1/10/2002
NACHA to provide educational resources on managing risk and preventing fraud associated with Internet-initiated payments; MISMO re-elects ALLTEL to its governance committee; White House cybersecurity czar Richard Clarke will headline the list of speakers at the RSA Conference 2002.
Just Thinking
News  |  1/3/2002
Many technology experts believe EBPP will come to rule the payment process stems from the success the medium has had in the business-to-business sphere.
Getting To Know The Ins And Outs of Check Fraud
News  |  1/3/2002
Corporate check fraud is rampant, and proof is in the numbers.
Sterling Bank Deploys Workflow-Based Loan Solution
News  |  1/3/2002
Sterling Bank launches a project to automate loan processing, integrate process automation and document imaging across 37 branches.
MasterCard Tests Smart Cards Prior to U.S. Rollout
News  |  1/3/2002
MasterCard International is troubleshooting its smart card operations before a wide-scale rollout in the United States.
Bricks And Mocha
News  |  1/3/2002
Washington Mutual grows through acquisition to become a $229 billion emerging power in mortgage market and in commercial and consumer banking.
Content Evolution
News  |  1/3/2002
Web-Based Content Management Takes Hold As Banks Push More Documents Online.
A Spectrum of Providers Push B2C Payments
News  |  1/3/2002
Spectrum EBP signs up an impressive roster of member banks for its EBPP infrastructure.
PUSH AND PAY
News  |  1/3/2002
The Federal Reserve's announcement that the number of checks written in the U.S. has dropped from 65 billion to 49.6 billion annually is proof that electronic payments is no pipe dream.
Currency Restrictions
News  |  1/3/2002
Bank upgrades teller system to comply with Bank Secrecy Act .
Tenn.-Based Bank Adds Speech Recognition
News  |  1/3/2002
Enterprise National Bank offers customers the option of self-service phone banking with voice.
People's Bank Installs Profitability Software
News  |  1/3/2002
People's Bank taps HNC Software to provide high-end analytics and decision management software.
Key Offers Account Aggregation Service
News  |  1/3/2002
Remembering passwords for online access to numerous financial accounts is history for customers of KeyCorp.
Tool Eases Inventory Management for Car Dealer
News  |  1/3/2002
Fifth Third Bank introduces FloorNet, to improve efficiency and accuracy in floor plan management for car dealerships.
World Briefs
News  |  1/3/2002
Bank of Greece lives with Finance KIT; Gomoslaski Bank licenses Profile; Chinese Banking Corp. selects Content Infrastructure.
German Bank Serves Up CRM Analytics
News  |  1/3/2002
DGZ-DekaBank uses CRM software to analyze and segment its online clients in real-time.
Bank Bytes
News  |  1/2/2002
People's Bank licenses ProfitVision, a profitability measurement system from HNC Software; Commerce Bank is to provide wealth management services including trust processing; Ohio Savings Bank signs multi-year agreement with Fiserv to market Banklink, a cash management solution.
Citibank Eyes European Commercial Card Market
News  |  1/2/2002
Citibank aims to capture a slice of the European travel, expense and purchasing cards market.
Bank Bytes
News  |  1/2/2002
Union Planters is installing telephone contact management software as part of a new call system to be introduced in February; MasterCard International standardizes information storage systems from EMC, to boost online availability to member banks; FleetBoston launches corporate.fleet.com.
Banks Hampered by Lack of Customer Data, Study Finds
News  |  1/2/2002
Financial institutions can analyze profitability at the organizational and product levels but the inability to adequately mine customer accounts has keeps them from incorporating consumer behavior into these calculations.
Producer Versus Distributor Riddle Confronts Banks
News  |  1/2/2002
Success goes to firms that can orchestrate superior customer relationships and efficiently produce either commodity or niche products.


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