Huntington Lands Services Deal
Cygnus Entertainment taps Huntington Merchant Services to provide real-time, point-of-sale credit and debit card processing for its kiosk and online transactions.
Sumitomo Mitsui, Japan, installs multiple ES7000 servers to monitor ATM transactions; Bank of N.T. extends its core banking contract with Alltel Information Services; Spar Nord Bank and Laan & Spar Bank test a system that lets customers withdraw cash from an ATM using mobile phones.
U.S. Bancorp Joins Viewpointe
U.S. Bancorp takes ownership position in Viewpointe Archive Services, and signs a long-term agreement to implement Viewpointe's check image archiving technology.
CLS Bank, a global FX settlement utility, is undergoing rigorous testing before launch.
Zions Bank uses image archiving services from Viewpointe Archive Services; Charter One Bank contracts with Metavante Electronic Banking; Commonwealth Bank offers an online check image retrieval service powered by image-based item processing.
Craig Rhinehart appointed vice president of sales and marketing for Tarian Software; Elma Carey named sales director for Prediction Dynamics; Mariagrazia Polo appointed sales executive for Italy for JPMorgan Investor Services Europe, Middle East and Africa.
MasterCard launches unified global vendor program; Pekao Financial Services, a subsidiary of Bank Pekao SA Poland, to install MSHARE, a recordkeeping package developed by Global Investment Systems; The Euro Banking Association taps Societa Interbancaria per l'Automazione to build and operate a new pan-European Automated Clearing House for mass payments in Euro.
North America Bytes
JPMorgan Chase Bank converts to the Corillian Voyager Internet banking platform; First Financial Bancorp and First National Bank of Southwestern Ohio use BISYS to support their entry into the mutual fund industry; Union Bank of California selects EEI's Integration Suite to support its OFX platform.
Retail Finance Europe 2002 Conference and Expo set for June 17 to 19 in London; Comptroller of the Currency John D. Hawke Jr. will deliver the keynote address at the RMA's annual conference on Capital Management this June in Washington D.C.; Representatives from large financial institutions to speak at Retail Decisions' annual Risk Management Symposium this June in Newport, R.I.
Gen X Marks The Profit Spot
The Generation X market could yield $21 billion in annual potential revenue for financial services firms, according to a recent Celent Communications report.
SAN Backup Gains In Importance
While some institutions continue to scrimp on storage system backup, Citizens Financial Group has purchased an advanced business continuity solution from EMC.
CRM System Helps Banks Post Productivity Gains
Three banks boosted their qualified sales referrals by 50 percent using the Strategix Universal Marketing Database (UMD), a suite of software products that enables companies to implement incentive compensation programs.
Alfred B. DelBello joins the Advisory Board of Signature Bank; Charles A. Davis appointed to the Executive Advisory Board of DWL; Joseph A. Smith, Jr., named North Carolina's Commissioner of Banks.
Monte Titoli established an electronic link with The Depository Trust & Clearing Corporation; JCB Company won the operational contract for the KANSAI THRU PASS, a contactless IC chip transportation/charge card; The Cheshire Building Society converts its mortgage service to the i-Wealthview platform from Fincentric Corporation.
North America Bytes
Wachovia offers BillingZone, an electronic invoice presentment and payment service, to its corporate clients; National Bank of Canada signs a multi-year contract with eScout, an e-business services provider; U.S. Bancorp takes an ownership position in Viewpointe Archive Services.
RMA releases dates for its sixth annual retail risk management conference; NACHA issues a call for presentation applications for its PAYMENTS 2003 show; SWIFT signs a strategic STP agreement with Omgeo.
Brand New Approach
Washington Mutual makes a splash of late through its nationwide acquisition of banks, ranging from Dime Bancorp, to Bank United. The institution has time to develop new technologies, such as its Occasio platform for retail bank branches.
A Stronger Hook
Banks lure small business clients with customized online offerings.
Organizing The Response
Since the September 11 attacks, the New York Clearing House has taken a lead role in organizing the industry response to terror.
A United Front
Banks, vendors and the government work to ensure PATRIOT ACT compliance.
Fleet To Revamp Teller Operations
FleetBoston kicks off a $14 million initiative to add nearly 500 new tellers throughout its branch network and provide teller station capacity upgrades to shorten customer wait times.
Burgan Bank launches an Internet payment portal using Commerce Gateway e-commerce software from ACI Worldwide; Post Office Ltd. contracts with IBM to build an e-business infrastructure to connect Post Office branches to connect Post Office branches to banks; Commonwealth Bank of Australia licenses the webMethods integration platform.
Columbia Bank purchases 23 Series 8000 Web-enabled ATMs from Fujitsu Transaction Solutions; Sovereign Bank licenses customer service monitoring software from Eyretel; Cape Cod Bank & Trust licenses PowerPath Network.