FEATURE Mobile Banking: Weighing the Lessons Learned On the way to growing its mobile banking customer base to more than 1 million users, Bank of America has successfully addressed a number of technological, cultural and marketing-related issues. INDUSTRY WATCH Fannie, Freddie Troubles May Have Been Avoided If Technology Was Used Properly Technology that might have helped avert the subprime mess was ignored, but there's also new technology available to help the mortgage industry going forward. RSA Offers New Security Tokens for Online Banking The latest in EMC's RSA security includes hardware tokens and software tokens to suit mobile banking customers. Visa, Facebook Target Small-Business Owners With Social Networking The Visa Business Network offers banks a captive community of small-business owners and the potential for future card fees. Fidelity Introduces Consumer Remote Deposit Solution FIS introduces a consumer-based remote deposit capture offering that creates a niche for banks. MasterCard to Enable P-to-P Mobile Payments by Cell Phone Person-to-person payments will be originated by text messages. BEST PRACTICES SCBT Taps Banker's Dashboard for Daily Financial Reports South Carolina Bank and Trust achieves daily, branch-level profitability analysis with Banker's Dashboard. American National Bank Thwarts ID Thieves To protect its clients, American National Bank goes beyond the standard ID theft notification letter by blanketing its customers with a recovery solution by Secure Identity Systems. ROLLOUT BB&T Taps Software Earnings' Payments Navigator to Streamline Check and Item Processing Supporting the industry's shift to electronic payments, the solution enables the bank to consolidate item processing sites and centralize major item processing functions via a centralized processing hub. NEW PRODUCTS Alacriti Introduces OrbiPay Biller Direct Software Suite The Web-based solution enables banks to offer value-added bill payment services to treasury management clients and collect payments over the Web. Ellie Mae Issues New Version of Encompass Mortgage Management System Enhancements simplify data entry, boost system performance and help ensure quality and compliance when originating FHA loans. Adobe Expands LiveCycle Enterprise Suite for Customer Engagement The expanded set of solutions includes new components for rapid development of content-rich applications. |
FROM THE EDITOR The Pressure on Management Is Intensifying as Conditions Continue to Worsen in Banking The recent revelations of the weak financial conditions at Fannie Mae and Freddie Mac, and the run on IndyMac Bank, show that the worst is far from over as the banking industry grapples with the subprime mortgage mess and related global credit crisis. EXECUTIVE Q&A First National Bank of Omaha's Rajive Johri Is Teaching an Old Bank New Tricks First National Bank of Omaha President Rajive Johri is working to transform the 150-year-old bank's legacy environment. PAYMENTS WATCH Experts Foresee Boom in Payment Service Hubs The payment service hub, or PSH, model can help banks break down operating silos and increase payments processing efficiencies. CHANNEL WATCH FSTC Establishes Mobile Standards Group FSTC working group to develop interoperability and technology standards for mobile financial services. RISK/COMPLIANCE WATCH ABA Remote Learning Technology Adjusts to Users' Bandwidth Needs The American Bankers Association launches e-learning program for compliance that adjusts to the bandwidth requirements of users.
EXECUTIVE WATCH Sforzo to Forge Commercial Relationships at Sterling National Peter Sforzo named VP and business development officer in bank's commercial lending area. Small Suits New Chief Lending Officer of Evergreen Bank At $41 million in assets, the Seattle area Evergreen has something of the feel of a de novo bank. |
