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News & Commentary
Content posted in September 2007
IT Costs - If Nothing Else (And There Is A Strong "Else"), It's About "Truth In Reporting"
News  |  9/28/2007
In banking, it's generally accepted that peer comparisons are good measures.
Jyske Bank Goes Multimedia With IBM Solution
News  |  9/26/2007
Jyske Bank uses bleeding-edge HD broadcasting technologies to reinvent the branch.
News  |  9/26/2007
BOK Financial taps Varolii's SaaS automated outreach platform to improve collections.
Banks Are the First Line of Defense Against Money Laundering
News  |  9/26/2007
Databases and modeling tools are among the systems helping banks analyze the data required to understand customers, monitor millions of transactions and identify suspicious behavior.
Customer Satisfaction Is Key to Driving Organic Growth at Banks
News  |  9/26/2007
The best way for banks to maximize organic growth is to personalize the customer experience.
Transaction Processing Not Enough to Succeed In Commercial Banking
News  |  9/26/2007
Banks will need to move away from the transaction processing model to become the advisers of choice for their corporates.
Vendor Management Organizations Maximize Vendor Value and Reduce Risk
News  |  9/26/2007
SVB Financial's independent Vendor Management Office drives the entire vendor relationship life cycle.
Age Matters When it Comes to Channel Preference
News  |  9/26/2007
While no one channel is king with all consumers, preferences differ along generational lines, ABA and Javelin studies reveal.
Sub-Prime Mortgage Crisis Is Not A Failure Of Technology
Commentary  |  9/26/2007
It's been described as a number of things, but it's important to keep in mind that the sub-prime mortgage crises was not about a failure of technology.
Live from BS&T Executive Summit: An Inside Look at The Bank of New York Mellon Integration
News  |  9/25/2007
Mergers and acquisitions are a fact of life in the financial services industry. If experts are correct, they will only pick up in pace in the coming months. One of the most recent mergers of note in the banking world involves that of The Bank of New York and Mellon Financial to form The Bank of New York Mellon. Mergers are never easy. And when it involves two financial institutions with over 100 years of experience each, integration becomes even more of a potential nightmare.
Live from BS&T Executive Summit: Is Online Security Hopeless?
News  |  9/25/2007
Should banks and others bother to continue playing catch up with cyber criminals and their constantly evolving techniques? This was the question FBI special agent Timothy O'Brien set out to answer during his session titled Is Online Security a Lost Cause? O'Brien is with the Bureau's computer crimes squad and tracks criminals' activities on the Web.
Live From BS&T Executive Summit: Can Security Be a Differentiator for Banks?
News  |  9/25/2007
"Sixteen years ago, if you asked me if I was going to be dealing with the kinds of things I'm dealing with today, I would have said no," said Dick Harp, SVP and director corporate security for Huntington National Bank.
Number Of Hackers Attacking Banks Jumps 81%
News  |  9/20/2007
The number of hackers attacking banks jumps 81 percent, security vendor SecureWorks says.
KeyBank to Acquire TMS to Grow Educational Services
News  |  9/20/2007
TMS acquisition could help KeyBank stake a bigger claim in the growing educational lending market.
Threat Alert Service Extended to Banks
News  |  9/20/2007
FS-ISAC offers AlertFind security alert service to its members.
Sub-Prime Lending Mess Not Technology’s Fault
News  |  9/20/2007
Experts say technology and good decision-making go together in avoiding loan risk.
Central National Bank Finds Growth Opportunities In Prepaid Card Space
News  |  9/20/2007
Deal with Postilion enables CNB to issue and process prepaid cards for other banks, retailers.
When It Comes To Figuring Out The Cost Of It, Bankers Stop Short, Vendors Low Ball It In Their Proposals, And Consultants Pour It On
News  |  9/17/2007
As a consultant, I have worked for 4% of all small banks, 5% of all medium size banks and 14% of the 111 large banks in the U.S. My consulting practice includes 16 services. The second most popular one is an analysis of a bank's IT expense. A significant part of every project for all banks has been performed in the departments that the CFO covers - all functions having to do with accounting.
Phishing for Bank Accounts Reels in Big Bucks
News  |  9/17/2007
By Nancy Feig Today, Symantec revealed findings about the rewards phishers are reeling in for personal information phished from consumers.
Rent Payments as a Missing Link In Electronic Payments
News  |  9/14/2007
Electronic rent payments could provide some banks with a new niche service that will further drive e-payments.
Finding True Meaning In Electronic Communications
News  |  9/14/2007
I noticed a recent editor's note from a colleague who works at one of BS&T's sister publications, InformationWeek, where he cites an article from yet another online publication, Slate. In my colleague's editorial, he poses a question to readers about whether they were impressed when they rec
SEPA's Corporate Roadblock
News  |  9/13/2007
Study shows corporates in Europe note quite uready to go live with SEPA.
When David And Goliath Come To Terms, One Wonders What The Sub-Goliaths Were Doing
News  |  9/10/2007
When I read today's press release that ACI and IBM are collaborating to bring electronic payments to a current-day platform from what everyone knows is a legacy system world, I couldn't help but ask where were the giants of Electronic Payments Systems?
Mississippi Bank's Disaster Recovery Plan Stepped Up With New Technology Center
News  |  9/10/2007
While FEMA is no better prepared for a major hurricane today than it was when Katrina struck in September 2005, one bank has taken it upon itself to be prepared for future crises.
Debit Cards Breed Bank Loyalty
News  |  9/10/2007
A recent study by Phoenix Payments Research confirms what the industry has begun to realize--that debit cards engender more loyalty among bank customers versus credit cards.
Will Shrinking Wallets Drive More e-Payments?
News  |  9/5/2007
By Maria Bruno-Britz, Bank Systems & Technology Is it just me or are wallets shrinking? I mean literally, not figuratively. I don't know what the situation is with men's wallets, but I went on a foray recently to purchase a new wallet for myself. I must have tried 10 different wallets and each was just as mis-sized as the other. They were all leather of varying degrees of quality. However, I found the problem plagued wallets across the price spectrum.

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