Content posted in January 2010
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RBC to Offer Prepaid Contactless Card at Olympics
First contactless Visa card in Canada not linked to a credit card account, to be used at the Vancouver 2010 Olympic and Paralympic Winter Games.
TransUnion Says Its Income Models Comply with Credit Card Act
Credit bureau offers an income estimator and a debt-to-income estimator that it says meets the Fed's new requirements.
Deutsche Bank CEO Calls for Global Banking Rules at Davos
Josef Ackerman, CEO of Deutsche Bank, told CNBC's Maria Bartiromo his views on recent bank regulation proposals at the World Economic Forum in Davos yesterday. "We're in a global market, we need global rules," Ackerman said, suggesting that President Obama's recent proposal to separate banks from the capital markets might not work if only one country adopts it. Ackerman supports the Basel II capital allocation requirements, but feels the Volcker rule could reduce liquidity and efficiency in the
Honor Roll: This Week's Top Banking Blogs (Jan. 24-30)
Our favorite banking technology-related blog posts from around the Web (January 24-30, 2010):
Mutual of Omaha Bank Upgrades Retail Banking Systems
Implementing a slew of Fiserv software across the bank, including account processing, online banking and bill payment.
Russia Bank Deploys Flash-Based Self-Service Terminals
At the "branch of the future" Sberbank opened last month in Moscow, customers interact with contact center reps via self-service terminals using software from BPC.
Heartland Shares Lessons Learned from Its Data Breach
Heartland Payment Systems has gone from data breach victim to card data security expert. Although the card payment processor suffered a data breach in late 2008, lost 50 percent of its market cap shortly thereafter, and spent more than $32 million in legal fees, forensic costs, reserves for potential card brand fines and other related settlement costs, it has since designed and implemented an end-to-end encryption system that p
CRM in Banking 10 Years Later: Was It a Crusade or a Parade?
One of the benefits of tenure as an independent BankTech analyst is the opportunity to look back and use some 20/20 hindsight to evaluate earlier analysis and forecasts.
Chinese Bank Deploys IT Service Management Software
Bank's Shanghai data center said to be experiencing higher IT service levels.
USAA Announces Mobile RDC App for Android Phones
USAA has launched a remote deposit capture (RDC) application for use with Android-based mobile devices.
Deutsche Bank to Base Core Banking System on SAP
German bank to use SAP for partner data, payments, account management and savings applications.
IWeek: Apple Tablet Should Be Well-Received By Businesses
Apple's new Kindle-like tablet should be suitable for executives such as bankers, according to Fritz Nelson, Editorial Director for InformationWeek (a sibling publication to Bank Systems & Technology).
Beware of Unintended Consequences to the Volcker Rule
Although President Obama's "Volcker Rule" - his proposal that banks forego proprietary trading, investment or ownership in hedge funds and private equity firms and not be allowed to become too big to fail - could take three to five years to move through Congress and become implemented, if some version of it does get passed, it could have a profound impact on banks, said Matt Cohn, partner and leade
Creative Banks Could Harness Location-Aware Twitter
Now that Twitter has unveiled TwitterLocal - an Adobe Air application through which one can perform location-aware Twitter searches (for instance, you could follow anyone tweeting in the Los Angeles area, provided they have opted in to allow their location to be known) - it could open social media possibilities for retail banks. Perhaps a bank could see who was searching for ATMs in a particular neighborhood and use that data to install a new machine there. Or upon seeing that hundreds of Twitt
ING Direct's Jim Kelly to Host Chicago "Tweetup" for Savings Customers
Followers of the banks' savings-oriented Twitter feed invited to meet the COO face to face.
ClairMail Expands Mobile Web Support to Android and Blackberry Devices
ClairMail expands mobile Web support to Android and Blackberry devices, with goal for furthering mobile banking adoption among all smartphone users.
Online Banking Customers Expect Fast Website Performance, Survey Finds
Online Banking Customers
Ancillary Applications May Now Be Leading The Way In Bank IT
I don't believe it's news anymore when I tell you core system sales have tapered off in the past ten years. But here's proof. In the year 2000, 7.3% of the FI population acquired a new core system. In 2009, the rate was approximately 2%. Going forward, it may stay at 2% or it may continue to decline, but it won't increase.
Swiss Bank Upgrades Private Banking Platform
Finter Bank implemented SunGard's Ambit in seven months.
Goldman, Morgan Stanley May Drop Bank Status, NYT Reports
Goldman Sachs and Morgan Stanley, which became bank holding companies in September 2008 to gain government protection and access to the Fed's discount window, may now shed their bank status if the 'Volcker Rule' preventing banks from proprietary trading goes through, according to an article in Saturday's New York Times.
Three Ways to Deter Cyber Crime
By Joe Spatarella, Online Banking Solutions
Ironically, as businesses move from risky paper check payments to a safer means of electronic B2B payments, the online banking systems through which payments are originated have become an attractive fraud target. Although businesses are using payment fraud control devices such as ACH Positive Pay and ACH Debit Filter, they only mitigate fraud after it occurs. There are at least five fresh reasons to step up the security investment.
Honor Roll: This Week's Top Banking Blogs (Jan. 17-23)
Our favorite banking technology-related blog posts from around the Web (January 17-23, 2010):
Time for A Holistic Fraud Prevention Effort
By Mike Ressel, vice president of business development, Fiserv
Despite continuing effort and investment by banks to mitigate financial crime risk, fraud is evidently still a growing problem.
So what's going wrong?
Three Approaches to Combatting Enterprise Fraud
By David Nussenbaum, vice president, ACI Worldwide
Fraud is on the rise and it's expected to accelerate in the wake of the global financial crisis, with not just cards but other bank products and channels being targets for criminals. Urban gangs like the Crips and the Bloods have been known to collect more than 10,000 credit card numbers a night. Right now, a gang member is likely approaching a waiter as he starts his shift. The crook simply offers the waiter a card skimmer, which is s
TGIF: Hitler Finds Out Scott Brown Won Senate Seat; 1984 Apple Commercial
The Fuhrer holds forth on the Massachusetts election and other current events.
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Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.
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