Trade Finance Software May Help Fight Bioterror
Just as the banking industry has taken important steps to meet the anti-money laundering and anti-terrorism challenges of the USA PATRIOT Act, the food industry will have to protect its critical infrastructure in accordance with the Bioterrorism Act of 2002. Given the immense logistical challenges involved with managing the global supply chain for agricultural products, banks may find themselves playing an important role in the process.
Credit Union Outsources Network Security
Security managers are faced with a constant stream of viruses, security vulnerability alerts, and software patches to fix software vulnerabilities. The problem is especially acute for medium-sized businesses like Heritage Trust, which has just 10 IT managers to manage IT at 12 branches.
Uncovering Diaries of Terror
The cost of turning a blind eye to laundered funds has included the arming of Iraq and September 11th, said the general counsel of the U.S. Treasury in an address to the Securities Industry Association. A must-read for everyone in the financial services industry.
Amex Blue Protects Customer IDs
ID Keeper, a new service from American Express, has introduced software that turns its smart card into a special-purpose storage device.
Chattahoochee National Bank; EastPoint Technologies; U.S. Bank; AcuPrint Technology
Aktia Savings Bank; SunGard Trading and Risk Systems; Bank of Finland; Trema
Maine Bank Opts For Open Solutions
Kennebec Savings Bank focuses on providing personalized banking service to support individuals, self-employed professionals and small-to medium-sized businesses.
Wisconsin Bank Scores Big Lending Gains
In the two years it's been using Arta Lending from Bankers Systems, Oostburg State Bank, Oostburg, Wis., has streamlined and enhanced its loan origination workflow.
Banks use improved CRM, data mining and automation tools to unify and empower salespeople across all customer channels
Grand Theft Auto Finance
As Internet-based lenders capture a growing share of the auto financing marketplace, traditional players fight back with online offerings of their own
End Of The Line
As more retailers offer electronic check conversion, or ECC, the payments industry is anticipating a windfall of savings.
BankAtlantic Opens Business Portal
By integrating its cash management service with its image statement provider, BankAtlantic has created a portal through which business customers can view images of checks.
Calif. Bank Chooses Mitek System
Mid-State Bank & Trust has licensed the CheckQuest check imaging and CaptureQuest document management solutions from Mitek Systems.
C. R. (Rusty) Cloutier has been president and CEO of MidSouth Bank, Lafayette, La., since he started the institution de novo over 18 years ago.
The Incredible Shrinking Federal Reserve
In February, the Federal Reserve announced that it would reduce its number of bank check-processing sites from 45 to 32 and the number of check-adjustment sites from 43 to 12. Can the consolidated Federal Reserve centers handle the increased processing burden?
Unite And Conquer
Financial services firms have had lots of practice at integration; here's what some of the biggest have learned from their mergers.
Should society allow some of its members to settle their financial obligations using legal proceedings rather than legal tender?
Contributed article: Making the Grade with e-Learning
The Credit Union National Association (CUNA) -- a Wisconsin-based,
not-for-profit trade association serving America's credit unions -- plans
to use e-learning to train approximately 10,000 credit unions on aspects of
the USA PATRIOT Act.
JPMorgan Chase Seeks To Triumph with ARC
JPMorgan Chase, in conjunction with J&B Software, Blue Bell, Pa., has established a firm foothold in the market for accounts receivable check conversion (ARC) solution at retail lockbox providers.
The Ever-Changing World of Credit Card Fraud
Several industry attempts to prevent card fraud have succeeded, but unfortunately criminal schemes continue to evolve, adapting to the new security measures and attacking new areas of weakness.
Bank One Takes Control of Card Processing
In an example of its in-sourcing strategy, Bank One's card services division has selected TSYS to take over its credit card processing from First Data Corporation.
KeyCorp Invests In Real Time
Cleveland-based KeyCorp has worked since 1997 to supply up-to-date, synchronized information via multiple channels to individuals and corporate clients, regardless of their location.