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News & Commentary
Content posted in December 2006
My New Year's resolution - Write shorter blogs
News  |  12/29/2006
By Art Gillis And I'm starting with this one. That's it.
Data Security, Terrorism Top Executive Worries
News  |  12/22/2006
A Harris Interactive online poll shows that more than five years after 9/11, more than half of business leaders are still worried about terrorism.
Keep Your Guard Up: Privacy & Information Management Trends for 2007
News  |  12/19/2006
Given the ease and speed with which information flows globally, privacy and information security must remain at the top of the legislative and corporate agenda for 2007.
News  |  12/19/2006
Second deal in as many weeks as Intuit pursues payments processor.
Financial Institutions Must Treat Payments Processing as a Business Line to Differentiate
News  |  12/19/2006
TowerGroup examines benefits to banks in adopting an enterprise view of payments processing.
Banks Must Do More to Foster Customer Relationships
News  |  12/19/2006
IBM study shows banks fall short in customer loyalty efforts.
Ex-UBS Systems Admin Sentenced To 97 Months In Jail
News  |  12/13/2006
Roger Duronio was found guilty of computer sabotage and securities fraud for writing, planting, and disseminating malicious code that took down up to 2,000 servers.
IT Job Market Best In Five Years, Survey Finds
News  |  12/11/2006
In greatest demand are IT specialists with Windows administration expertise, followed by workers with network administration experience.
Protecting your customers from Fraud and Identity Theft - A conversation with Charles Schwab's Director of Client Web Services.
News  |  12/11/2006
BS&T recently had an opportunity to talk with Kostas Konstantinides, Director of Client Web Services for Trading and Securities at Our conversation focused on the proactive steps is taking to protect its customers from fraud and identity theft. This Podcast is sponsored by VeriSign.
Are Background Checks Necessary For IT Workers? Ask UBS PaineWebber
News  |  12/7/2006
UBS failed to do a background check when it hired Roger Duronio as a full-time systems administrator, so it never discovered his criminal record. Duronio will be sentenced next week for crashing UBS's systems and causing millions in damages.
FTC Mails Refund Forms To ChoicePoint Data Breach Victims
News  |  12/7/2006
Reparation forms must be postmarked by Feb. 4 to be considered, according to the FTC.
SEC Launches New Financial Reports Application
News  |  12/5/2006
The Interactive Financial Report Viewer is a Web-based application that reads filings that make use of the Extensible Business Reporting Language, or XBRL.
News  |  12/5/2006
Avoiding "reputation risk" is a common justification for increasing security measures, protecting customers' financial information and reporting security breaches in a timely manner.
Intuit to Purchase Digital Insight
News  |  12/5/2006
Deal will create new opportunities in small business banking space, say companies, experts.
When the generics go vertical
News  |  12/5/2006
By Art Gillis Intuit and Microsoft have always had a taste for banking, but somehow they were missing the nuance and culture that are so important in banking. Bill Gates called bankers dinosaurs, not the ideal way to break into a club. Intuit knew how to keep the books, but it didn't know a deposit from a loan. Now Intuit solved its problem by acquiring a banking company, one that does banking the future way, electronically, not the old way, "paperbound." What struck me was the enormous ini
BS&T Blogosphere
Commentary  |  12/4/2006
If You Wanna Know About Banking and Technology, Visit Your Doctor; Stock Market Performance Reaches a High That Most Bank Tech Stocks Would Love; Online Mortgage Magazine; Endpoint Security Center; New IT Evaluation Metrics.
Vegas Credit Union Bets on Epson
News  |  12/4/2006
WestStar Credit Union deploys check scanner/printer.
New Products
News  |  12/4/2006
Experian Detects Mortgage Fraud; Fair Isaac Improves Predictions; Automated BSA Compliance.
SunTrust Beefs Up Business Banking
News  |  12/4/2006
SunTrust enhances online tool for small and midmarket.
Executive News
News  |  12/4/2006
True E-Mortgage Inches Closer to Reality
News  |  12/4/2006
Systems integration remains major obstacle.
Corporates Want Standardized Remittance Data in Wire Transfers
News  |  12/4/2006
Corporates want standardized remittance data.
Big Deals
News  |  12/4/2006
U.S. Bancorp, Eagle Deal; KeyBank Picks Procuri; West Coast Taps Innovest; First National Banks on Metavante; Fundtech Wins; Northpointe Picks ITI; East West Taps Trintech; CUNA Mutual Integrates Parsam; Triton Adds Visa; ADP to Buy TaxAware
Deadline for Back-Office Conversion Nears, Banks, Retailers Gear Up
News  |  12/4/2006
Banks and merchants prepare for the March deadline for back-office conversion rules.
UPIC Adoption Picking Up Among Businesses
News  |  12/4/2006
Adoption of an alternative account identifier is gaining steam as a fraud prevention and efficiency play.
What an Experience
News  |  12/4/2006
How can banks achieve growth and customer-retention goals when the products and services they offer are highly commoditized? And, in an increasingly commoditized financial services environment, how can banks differentiate themselves from other institutions?
New E-Discovery Rules Take Effect
News  |  12/1/2006
You have to know what information your company is storing and where it's located. And if you think it's going to be too difficult or expensive to find court-requested data, you'll need to prove it.

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