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News & Commentary
Content posted in March 2007
The Bank of the Future
News  |  3/29/2007
By Nancy Feig There are no secrets at the branch of the future. As soon as customers step through your door, you'll know they're there. You'll know what accounts they hold and how much is in them. You'll know the depth of their pupils and the ridges of their fingertips.
BS&T Web
Commentary  |  3/29/2007
Banking Is All About Relationships; M&A Activity: The Key to Survival for Bank Tech Cos.; Senator CIO?; The New-and-Improved BS&T Blog; Comprehensive Banking Solutions Briefing Center; Banking for the Poor
New Products
Commentary  |  3/29/2007
S1 Launches Trade Finance Solution; WKFS Integrates Compliance Solutions; Enterprise Payments & Fraud Management
What It Takes to Serve the Small and Mid-Size Business Market
News  |  3/29/2007
Small and Mid-Size Business Market Banks looking to build their presence in the small and mid-size business market should focus on providing online tools that can help these customers become more efficient in handling their cash management and payment needs.
Adoption of Web 2.0 Is Taking Off, But Some Firms Are Still Reluctant
News  |  3/29/2007
'Enterprise 2.0' must overcome concerns about security and ROI to gain a foothold in business.
Much Ado About Mobile Banking
News  |  3/28/2007
By Maria Bruno-Britz, Bank Systems & Technology Within the span of just a few days, my inbox has been inundated with announcements related to new mobile banking/payments initiatives. Although consumers may not be quite as ready as proponents of this banking/payments channel claim they are, banks, telecoms and others are certainly making it clear that they'll convince people to use mobile for more than just talking one way or another.
First Charter Bank Enables Remote ATM Access
News  |  3/28/2007
First Charter Bank improves ATM uptime with Diebold software suite.
National City Corp. Installs Remote Capture Technologies
News  |  3/28/2007
National City taps RDC to offer new cash-management products.
Retail Payments Business Moving More Toward Mobile
News  |  3/27/2007
Consumers are clamoring for speedier and more- convenient forms of payments, and banks are responding with on-the-go options.
A New Foundation: SOA Implementation and Bank Transformation
News  |  3/27/2007
Implementing a successful service-oriented architecture starts with making the right decisions early on in the process.
Banks’ AML Strategies May Increase Risk Factors
News  |  3/27/2007
The manner in which banks implement AML strategies could put them at further risk, study warns.
TD Bank Financial Group Rolls Out ATMs With IFX
News  |  3/27/2007
TD Bank/HP deal marks milestone for IFX messaging protocol.
Remote Deposit Capture Key to Survival for Many Community Banks, Finds New ABA Survey
News  |  3/27/2007
Community banks are aggressively adopting remote deposit capture for business customers.
Executive News
News  |  3/27/2007
Bank Leumi Taps Citi Exec; Fairfield Hires Berta; Cartwright Joins ANZ; Sterling Names CEO
Aite Urges Consolidation of Wire and ACH Systems
News  |  3/27/2007
Study urges convergence of wire and ACH systems.
Bank Tech Vendors Must Adapt to New Market
News  |  3/27/2007
Bank tech vendors must prove value to survive.
Mass Affluent Customers Seek Wealth Management Services
News  |  3/27/2007
A new wave of mass-affluent customers has banks' attention.
Big Deals
News  |  3/27/2007
Banks Starting to Look to Microsoft Vista
News  |  3/27/2007
Microsoft's latest operating system offers banks stronger security and richer search functions.
Solutions for Cooling the Datacenter
News  |  3/27/2007
With server energy use and energy costs on the rise, banks are looking to build more-efficient data centers.
Banks are Most Talked-about Financial Services Category Among Consumers
News  |  3/23/2007
By Maria Bruno-Britz, Bank Systems & Technology Banks are certainly giving people something to talk about these days, at least that's the conclusion of a study conducted by Keller Fay. According to the market research firm's TalkTrack survey, people talk about banks more than twice as much as any other financial service category. Whether this talk turns into positive results for banks isn't always the case, however.
Stolen Data From T.J. Maxx Parent Company Surfaces In Florida Wal-Mart Fraud
News  |  3/21/2007
Thieves used the stolen customer data to create dummy credit cards for purchasing Wal-Mart and Sam's Club gift cards, and then used those to hit stores in 50 of Florida's 67 counties.
First Line Of Defense: How Well Do Your Physical Locks Work?
News  |  3/20/2007
One security specialist is warning IT managers that their first line of defense is the locks on the doors. And they're not as secure as you think.
Ken Kirchman, the Founder of Bank Software and Much More
News  |  3/19/2007
By Art Gillis There must be hundreds of people who have fascinating stories to tell about Ken. He not only created the first company to sell packaged bank software, but he spawned at least a dozen other companies that other entrepreneurs started after leaving Florida Software Services. I enjoyed four projects over the years involving Ken's company. The first was when I worked for a bank and engaged in the riskiest task of my career when I bought a mortgage system. My bank accused me of using
Wachovia Delivers High-Performance Computing Through a Services-Oriented ’Utility’
News  |  3/19/2007
In a pioneering approach, Wachovia is becoming more and more discriminating about how and to whom it provides high-performance computing.
Metavante and Temenos Team Up for U.S. Core Banking
News  |  3/19/2007
By Maria Bruno-Britz Mention the term "core systems upgrade" to some U.S. bankers and they're liable to cover their ears and walk away. And with good reason. As antiquated as the guts of their IT infrastructures may be, for the most part, things have been working pretty nicely. So why go through the rigor and risk involved with a complete core systems upgrade?
Everyone's Ready for Mobile Banking, Except Consumers
News  |  3/16/2007
By Nancy Feig "If Paris Hilton can have her Sidekick hacked, how safe am I?" This comes from my (highly educated) friend when asked if she would try mobile banking. Another response: "I'm not that rich that I need to keep track of my accounts every minute. I'd rather play Tetris."
Making a Case for a More Automated Account-opening Process
News  |  3/16/2007
By Maria Bruno-Britz I have always felt that a bit more automation on the account opening side at banks could go a long way. After my ordeal at a midsize, New York-based bank last weekend, I couldn't feel more strongly about this idea.
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News  |  3/12/2007
Microsoft Jumps Into Social Networks With Finance Community
News  |  3/12/2007
To bring folks in, the company will do some evangelism with existing Microsoft customers to offset sites such as LinkedIn or IBM's Connections.
New Comprehensive Debit Industry Study Reveals Continued Growth in Debit Card Market
News  |  3/12/2007
U.S. debit card-issuing financial institutions experienced debit card transaction growth of 18 percent in 2006 and expect continued strong growth in 2007, according to a new study commissioned by PULSE EFT Association.
Treasurers and Bankers Kept On Edge by Similar Issues: Study
News  |  3/9/2007
By Maria Bruno-Britz Well, Americans might not get enough sleep, but at least we can take solace in the fact that we're a productive country. JPMorgan Chase and gtnews decided to ask the world's treasury executives and bankers what kept them awake at night. The findings provide an interesting window into the minds of
Visa Chief: Customer Data Theft Neither Random Nor Unavoidable
News  |  3/8/2007
Visa USA president and CEO John Philip Coghlan insists that technology is the solution to combating fraud -- not the cause of it.
Contactless Cards--Just a Phase?
News  |  3/7/2007
By Maria Bruno-Britz, Bank Systems & Technology Maybe the title of that should really read: Contactless Cards--Just a Step in the Evolutionary Ladder? Countless emails have flooded my inbox containing news about banks that have implemented contactless card technology for its customers in some form or another. The technology in itself is quite simple: take a traditional-looking plastic card or even some kind of key fob device, wave it in front of a reader, and your payment is done. But is that
ID Theft Is Exploding In The U.S.
News  |  3/7/2007
The number of victims and the amount stolen are both ballooning, according to a new study.
Manual Processes Leave Businesses Open To Insider Threats, Study Says
News  |  3/6/2007
Almost 60% of respondents say their companies are unable to effectively focus an identity and access management system on areas of the greatest business risk.
Bank of America Achieves Highest Adoption of Online Bill Pay Among Leading Banks
News  |  3/6/2007
Bank of America leads Wells Fargo, Chase and Wachovia in online bill pay penetration, according to a new comScore study.
Campos to Succeed Schrank as CEO of SWIFT
News  |  3/6/2007
SWIFT's incoming head sees a bright future for the payments messaging organization as it evolves to serve new markets and customer segments.
Centralized Identity Management Can Help Curb The Insider Threat
News  |  3/5/2007
More than 64% of the 627 IT pros surveyed by Ponemon say their companies use identity and access management technology, but few respondents have centralized systems.
Big Surge Expected In Offshore Outsourcing By Banks, Study Says
News  |  3/1/2007
Offshore tech spending by banks will increase from the present 6% of the banking industry's $44 billion total annual IT budget to 30% by 2010, according to Deloitte.


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