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News & Commentary
Content posted in April 2005
Data Losses Blamed On Stores And Software
News  |  4/29/2005
Poor security practices and software flaws may leave data open to theft or loss
Wachovia Rolls Out Web-Based Mortgage System
News  |  4/29/2005
System is built on reusable software components that can be deployed to third-party portals.
Fidelity And Metavante Report Record Contract Renewals
News  |  4/28/2005
Demand remains high for financial-processing technology and services.
SVPCO: Momentum Builds For Image Exchange
News  |  4/28/2005
Steady progress in the adoption of image exchange is happening across a broad cross-section of the financial services industry.
IBM Signs $402 Million Deal With University Of Pittsburgh Medical Center
News  |  4/27/2005
The deal is the kind of "business transformation" effort that IBM has tied its future to. UPMC expects to co-market the innovations it and IBM create.
NTT Docomo to Launch Wireless Phone Credit Card Service
News  |  4/27/2005
Japanese mobile phone carrier NTT Docomo Inc. said it would implement a phone-based credit card service that expands the function of its Mobile Wallet prepaid electronic money service.
SAP Helps Banks Comply With Global Regulations
News  |  4/26/2005
A new application is designed to help banks comply with recently enacted European rules on reporting financial assets and liabilities.
News  |  4/25/2005
Bank of America led a list of the largest U.S. consumer banks in the number of customers using its online-banking services and in the intensity with which customers use those services, an Internet research firm said Monday.
JPMorgan Chase Combines ACH and Check 21 Conversion
News  |  4/25/2005
The combination of ACH conversion with Check 21-enabled remote deposit capture makes for a promising combination.
Bank One Merger Helps JPMorgan Chase in Treasury Services
News  |  4/25/2005
JPMorgan Chase's Treasury Services organization has been in the center of organizational changes from the Bank One merger.
JPMorgan Chase Private Labels Small Business Services From Smart Online
News  |  4/19/2005
JPMorgan is the latest in a line of banks, publishers, and other companies that private-label "software as a service" applications from Smart Online.
Building Trust by Responding to Online Bankers’ Privacy Concerns
News  |  4/19/2005
Watchfire recently worked with the Ponemon Institute to survey U.S. adult online users about their attitudes towards their bank's privacy and security commitments.
Outsourcing Woes Trouble Leading Companies
News  |  4/19/2005
A Deloitte survey reveals that 70% of large companies had dismal experiences with outsourcing projects.
One-Day Processing Announced for U.S.-Mexico Cross-Border Payments
News  |  4/19/2005
Funds availability improved with enhanced international ACH service.
Fed to Establish ACH Limits for Banks and Their Customers
News  |  4/19/2005
Pre-set limits for ACH debits and credits at the company level will pilot in 4Q05, launch in 1Q06.
Reports Of Identity Theft Continue To Rise
News  |  4/15/2005
Congress considers law to fight problem as companies report more breaches
Storage Managers: Data Security Is Top Concern
News  |  4/15/2005
Few cite regulations such as Sarbanes-Oxley and HIPAA as a major worry; managing stored data next-greatest concern
Fifth Third to Upgrade Hyperion Implementation
News  |  4/15/2005
Hyperion's suite for financial planning, forecasting, and analysis gets new workforce-planning app and better financial modeling
Big Bucks In Micropayments
News  |  4/14/2005
Businesses are learning that even small payments can add up, and vendors are offering services to make those transactions possible
Credit Union Banks On Startup To Solve Storage Problems
News  |  4/14/2005
Winslow Technologies and Compellent helped HarborOne Credit union solve their storage problems.
Senate Ponders National ID-Theft Notification
News  |  4/13/2005
The Senate Judiciary Committee held a hearing Wednesday on identity theft as it took up legislation introduced this week by Sen. Dianne Feinstein, D-Calif., who hopes to beef up federal laws and bring to everyone the protection currently enjoyed only by Californians.
Banks Make Permanent Free ID-Theft Assistance
News  |  4/13/2005
The Identity Theft Assistance Center spares victims the hassle of contacting creditors individually and repeatedly having to prove their identity. By creating a rapid-response system, the center shortens the time thieves have to operate and builds evidence that can be used against them in court.
Global Money Transfers
News  |  4/12/2005
It has been close to three years since banks and non-banks jumped into the money transfer business with innovative products aimed at taking at least a sliver of market share from the likes of Western Union, MoneyGram and several regional players.
Phishers Using E-Postcards To Trap Consumers
News  |  4/6/2005
Phishers are disguising e-mails as electronic postcards from family in order to lure consumers to sites that deliver a malicious Trojan horse program to their computers.
Hewlett-Packard Taps Financial Technology Leadership
News  |  4/6/2005
Hewlett-Packard has selected a new CEO from the world of financial technology.
Privacy Pays For Banks
News  |  4/5/2005
Customers with a high degree of trust in their bank are more likely to use online financial services, which generate more profit for banks than offline transactions.
Commerzbank To Consolidate On IBM Storage Devices
News  |  4/1/2005
The German bank also has plans to create a virtual storage system with 450 terabytes of capacity.
BB&T Subsidiary Launches Dual-Validation Remote Deposit Capture
News  |  4/1/2005
Client-side software includes image inspection, code-line validation and balancing at the desktop.

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