BankTech Site Feed all banktech articles and blogs http://pipes.yahoo.com/pipes/pipe.info?_id=708a990e0694586c1f594b5f9b8f13ce Sun, 05 Jul 2009 20:00:40 -0700 http://pipes.yahoo.com/pipes/ NACHA Launches International Payments Committee http://banktech.com/showArticle.jhtml?articleID=218400169&cid=feed The U.S.-International Committee will allow payments stakeholders in the U.S. to play a more prominent role in shaping the international payments space. Thu, 02 Jul 2009 07:16:00 -0700 Treasury to Name Up to 9 Fund Managers http://banktech.com/showArticle.jhtml?articleID=218400175&cid=feed The U.S. Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP) to cleanse banks of toxic assets, a person familiar with the plan said on Wednesday. Wed, 01 Jul 2009 20:15:55 -0700 Garda Cash Logistics Names CISO http://banktech.com/showArticle.jhtml?articleID=218400036&cid=feed Garda Cash Logistics has appointed Barbara Danzi to the newly created position of Chief Information Security Officer (CISO). Wed, 01 Jul 2009 13:55:00 -0700 Generational Differences, Budgets Challenge Banks' Leadership Growth Initiatives http://banktech.com/showArticle.jhtml?articleID=218400032&cid=feed Training staffers to become future leaders of organizations takes on a new dimension as banks seek to adapt to generational needs and strict budgets. Wed, 01 Jul 2009 13:21:00 -0700 Visa Hopes to Accelerate Mobile Payments With Monitise Alliance http://banktech.com/showArticle.jhtml?articleID=218400020&cid=feed Monitise is one in a series of partners Visa is teaming up with to increase its presence in the mobile space. Wed, 01 Jul 2009 12:57:00 -0700 Crusading U.S. FTC Faces Financial Reforms Set http://banktech.com/showArticle.jhtml?articleID=218102258&cid=feed A White House plan to create a new U.S. agency to enforce consumer protection rules for banks and mortgage lenders is a bitter pill for the Federal Trade Commission, which had sought more power to fight financial fraud, but could now see the proposal taken away altogether. Tue, 30 Jun 2009 15:23:14 -0700 Jon Elvin Discusses the Importance of Cross-Channel Risk Management http://banktech.com/showArticle.jhtml?articleID=218102114&cid=feed PNC's Elvin sees positive signs of the industry moving away from siloed approaches to AML, fraud and risk management in general. Tue, 30 Jun 2009 12:58:00 -0700 U.S., Europe Team Up Against Cyber Crime http://banktech.com/showArticle.jhtml?articleID=218102101&cid=feed A joint cyber-crime task force is being launched to help better coordinate international efforts against ID theft and hacking. Tue, 30 Jun 2009 12:09:00 -0700 Dot-Matrix Printers and the Sound of Security Risk http://www.banktech.com/blog/archives/2009/06/dotmatrix_print.html?cid=RSS_bt_blog Sometimes I just run across something that makes me go, “Hmm.” In this case, it was the editor’s note from a sister brand’s e-mail newsletter, Dr. Dobbs Update, which is produced by the makers of technology resource Dr. Dobbs. http://www.banktech.com/blog/archives/2009/06/dotmatrix_print.html Tue, 30 Jun 2009 11:39:22 -0700 Privacy/Security Heartland Completes First Phase of Encryption Pilot http://banktech.com/showArticle.jhtml?articleID=218102087&cid=feed Heartland Payment Systems has announced that it has successfully completed an AES-encrypted transaction process from a merchant card reader through to a processor network. Tue, 30 Jun 2009 11:23:00 -0700 Consolidation of Bank Tech Companies Was Pretty Much a Non Event in 2008 http://www.banktech.com/blog/archives/2009/06/consolidation_o.html?cid=RSS_bt_blog Let the stats speak to you. For the past 16 years, vendor consolidation was the place to be if you enjoyed the dynamics of “Who do you work for today?” The leader was Fiserv with 152 acquisitions. The average during that period among all bank tech companies in Automation in Banking, was 23 per year. Last year there were nine. One year was even lower than that with seven. http://www.banktech.com/blog/archives/2009/06/consolidation_o.html Tue, 30 Jun 2009 08:00:12 -0700 Architecture/Infrastructure Maryann Goebel Named CIO at Fiserv http://banktech.com/showArticle.jhtml?articleID=218102034&cid=feed Goebel has served in senior tech roles at some of the world's largest companies. Tue, 30 Jun 2009 07:45:00 -0700 Treasury Sets Wide Scope for New Consumer Agency http://banktech.com/showArticle.jhtml?articleID=218102029&cid=feed The U.S. Treasury Tuesday sent Congress proposed legislation to create a new regulatory agency with sweeping powers to write and enforce tough new consumer protection rules on banks and other financial institutions. Tue, 30 Jun 2009 07:03:20 -0700 U.S. Top Court Allows NY State's Home Lending Probe http://banktech.com/showArticle.jhtml?articleID=218102026&cid=feed A divided Supreme Court ruled Monday that the New York attorney general's office can investigate whether national banks discriminated against minorities seeking mortgages. Mon, 29 Jun 2009 12:45:29 -0700 Whitney Hires David Frady to Head Commercial Banking Division http://banktech.com/showArticle.jhtml?articleID=218101781&cid=feed In a new position, former Capital One executive will focus on middle market and commercial client acquisition, expansion and retention. Mon, 29 Jun 2009 07:45:00 -0700 Bank of America, First Data to Form 'Next-Gen' Payments Company http://banktech.com/showArticle.jhtml?articleID=218101768&cid=feed Banc of America Merchant Services is being created to deliver merchants and consumers with a variety of secure, convenient payment features. Mon, 29 Jun 2009 07:28:00 -0700 A Dose of Transparency Crucial to Rebuilding Bank Trust http://www.banktech.com/blog/archives/2009/06/a_dose_of_trans.html?cid=RSS_bt_blog By Ashok Vemuri, Infosys Technologies Though you wouldn’t know it from reading today’s headlines, America’s banking history is one littered with a number of principled and driven personalities who went to any length to maintain the public’s faith in the financial system as a whole. In October of 1907, John Pierpont Morgan rounded up a consortium of his contemporaries to stem a potentially disastrous run on the Trust Company of America. Personal wealth was pledged, handshake agreements were made and kept, and in the end confidence in the United States’ banking system was restored—at least for the time being. http://www.banktech.com/blog/archives/2009/06/a_dose_of_trans.html Mon, 29 Jun 2009 07:26:35 -0700 Regulation/Compliance Central Banks Seek Rankings for Financial Products http://banktech.com/showArticle.jhtml?articleID=218101743&cid=feed Financial products should be treated like medicines and sold to consumers only when they are certified safe to prevent a repeat of last year's financial meltdown, the world's central bankers said on Monday. Mon, 29 Jun 2009 05:27:54 -0700 West Misses a Trick as Mobile Money Takes Off http://banktech.com/showArticle.jhtml?articleID=218101752&cid=feed Mobile operators seeking the "killer application" that customers can't live without should look again at emerging markets, where mobile money is proving a valuable tool for connecting the unbanked. Mon, 29 Jun 2009 05:07:12 -0700 USAA to Launch Mobile RDC iPhone App http://banktech.com/showArticle.jhtml?articleID=218101567&cid=feed USAA will launch an application that will allow customers to remotely deposit checks using their iPhone. Fri, 26 Jun 2009 09:12:00 -0700 Mobile Financial Services Climbing Out of the Crisis Mire http://www.banktech.com/blog/archives/2009/06/mobile_financia.html?cid=RSS_bt_blog Yesterday, I was took part in a panel discussion hosted by InformationWeek, BS&T’s sister publication, about mobile banking and payments. Along with myself were Doug Brown, Bank of America’s SVP, mobile product development; Charles Landry, VP and general manager with VeriSign, the event’s sponsor; and Lori Beck, director, product management, with Western Union. http://www.banktech.com/blog/archives/2009/06/mobile_financia.html Fri, 26 Jun 2009 08:22:14 -0700 Channels IBM Develops Technique to Enable Confidential Processing of Encrypted Data http://banktech.com/showArticle.jhtml?articleID=218101557&cid=feed Homomorphic encryption will allow for the analysis of private data by third parties without revealing the data's content. Fri, 26 Jun 2009 08:22:00 -0700 COLUMN-Fee Bonanza Spells More Trouble for Banks http://banktech.com/showArticle.jhtml?articleID=218101548&cid=feed Investment banks are going to have a lot of explaining to do. After the lows of 2008, and despite the mauling they've had from politicians and the public, 2009 is going to be a bumper year for those that lived to tell the tale. Thu, 25 Jun 2009 21:00:42 -0700 New Powers Not Matched With Accountability http://banktech.com/showArticle.jhtml?articleID=218101549&cid=feed President Obama's proposal for a regulatory overhaul of the financial industry vastly expands the reach of the Federal Reserve, yet fails to make policy-makers more accountable for their actions. Thu, 25 Jun 2009 14:34:59 -0700 Being Proactive and Cooperative Still Keys to Foiling Cyber Threats http://banktech.com/showArticle.jhtml?articleID=218101329&cid=feed Presenters at the annual SIFMA conference said banks and others need multi-sector cooperation to protect systems from criminals and to act more quickly. Thu, 25 Jun 2009 07:15:00 -0700 Woodforest Financial Selects Transoft Currency Management http://banktech.com/showArticle.jhtml?articleID=218101297&cid=feed OptimizeCF will be used by Woodforest for cash handling at ATMs and branches. Thu, 25 Jun 2009 06:07:00 -0700 Mobile Money Arrives, With or Without Banks http://banktech.com/showArticle.jhtml?articleID=218101299&cid=feed Making mobile phones work like credit cards or wallets strikes some people as visionary and others as crazy, a kind of license to print funny money if security goes awry. Thu, 25 Jun 2009 05:38:27 -0700 Lawmaker Accuses Fed of "Cover-Up" in BofA Deal http://banktech.com/showArticle.jhtml?articleID=218101298&cid=feed The Federal Reserve sought to hide its involvement in Bank of America Corp's acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. Wed, 24 Jun 2009 18:00:19 -0700 First Keystone Upgrades Core With Open Solutions http://banktech.com/showArticle.jhtml?articleID=218101213&cid=feed Pennsylvania bank will use OSI's The Complete Banking Solution and several additional products. Wed, 24 Jun 2009 13:11:00 -0700 Consumer Lobby Seeks More Retail Banking Safeguards http://banktech.com/showArticle.jhtml?articleID=218101104&cid=feed Governments intent on steadying the troubled financial sector must do more to protect consumers by safeguarding retail banks and savings accounts, a consumer group said on Wednesday. Tue, 23 Jun 2009 17:01:13 -0700 Visa, NeuStar Embark on Mobile Payments Alliance http://banktech.com/showArticle.jhtml?articleID=218100931&cid=feed The partnership claims to have solved the revenue problem for all players in the m-payments chain, including banks. Tue, 23 Jun 2009 12:44:00 -0700 U.S. Consumers Need Financial Watchdog, Says Senator http://banktech.com/showArticle.jhtml?articleID=218100933&cid=feed Senator Jack Reed, chairman of the Senate securities subcommittee, left no doubt Tuesday about his support for the Obama administration's controversial proposal to create a Consumer Financial Protection Agency. Tue, 23 Jun 2009 12:20:45 -0700 CashEdge Launches Bank-Centric P2P Payments Service http://banktech.com/showArticle.jhtml?articleID=218100900&cid=feed POPmoney will allow consumers to make person-to-person payments through their banks' online and m-banking services. Tue, 23 Jun 2009 10:05:00 -0700 Want to Know What’s Hot in Bank Tech? Ask a Broad Range of Unrelated People http://www.banktech.com/blog/archives/2009/06/want_to_know_wh.html?cid=RSS_bt_blog Section 3 of my report, Automation in Banking, is reserved for anything outside the box. Thirty-two other sections are inside the box and I don’t apologize for that. There are still conventional things people want to know about bank IT that are very structured and good. I update the contents of the proverbial box every year and no one complains, especially about the 98 exhibits where numbers change and validate a situation more than words can. http://www.banktech.com/blog/archives/2009/06/want_to_know_wh.html Tue, 23 Jun 2009 07:28:30 -0700 Architecture/Infrastructure Union Bank Goes Live with Misys' Opics Plus v3.0 http://banktech.com/showArticle.jhtml?articleID=218100836&cid=feed Upgraded solution will support UnionBank's FX and money markets treasury operations. Tue, 23 Jun 2009 06:56:00 -0700 Deutsche Bank Picks CoreFirst for IT Efficiency http://banktech.com/showArticle.jhtml?articleID=218100832&cid=feed The CoreFirst technology from OpTier is helping Deutsche reduce costs and errors in its IT environment. Tue, 23 Jun 2009 06:45:00 -0700 Rich, Poor Nations Divided Before UN Finance Meeting http://banktech.com/showArticle.jhtml?articleID=218100839&cid=feed Rich and poor nations edged closer to a deal on proposals for reforming the global financial system, but diplomats said there would have to be changes if a U.N. conference this week is to adopt them. Mon, 22 Jun 2009 22:00:09 -0700 Addressing Issues Raised in FFIEC’s Risk Management of Remote Deposit Capture http://www.banktech.com/blog/archives/2009/06/addressing_issu.html?cid=RSS_bt_blog By Bruce Rennecker, VP, Product Management, Digital Check In order to help financial institutions mitigate the risks of remote deposit capture, the Federal Financial Institution Examination Council released guidelines in January to highlight possible problem areas that need to be addressed. http://www.banktech.com/blog/archives/2009/06/addressing_issu.html Mon, 22 Jun 2009 07:23:22 -0700 Payments & Cards MasterCard Names Ajay Banga COO http://banktech.com/showArticle.jhtml?articleID=218100545&cid=feed Citi's Banga will join the card giant later this summer and will be charged with growing customer relationships. Mon, 22 Jun 2009 06:41:00 -0700 SunTrust's Robert Blair Looks to Tame Enterprise Spend http://banktech.com/showArticle.jhtml?articleID=217702063&cid=feed Budget scrutiny and reining in expenses is in vogue for both consumers and businesses. For Robert Blair, the timing is perfect. The recently named SVP of commercial card services at <a href='https://www.suntrust.com/portal/server.pt/community/investor_relations/959' TARGET='_blank'>SunTrust Banks</a> ($179.1 billion in assets) wants to help businesses manage their procurement and travel and entertainment (T&E) expenses and streamline their payments processes as he seeks to grow the Atlanta-based bank's commercial card practice. Mon, 22 Jun 2009 05:00:00 -0700 CNBSignin Enables Two-Factor Authentication Via Mobile Devices http://banktech.com/showArticle.jhtml?articleID=218100458&cid=feed Solution from Akros TechLabs can provide secure access to online bank accounts and other corporate systems. Sun, 21 Jun 2009 17:43:00 -0700 Herbert Allison Confirmed as Department of Treasury's Assistant Secretary for Financial Stability http://banktech.com/showArticle.jhtml?articleID=218100456&cid=feed Former Fannie Mae and TIAA-CREF CEO's responsibilities include overseeing TARP Sun, 21 Jun 2009 16:42:00 -0700 Treasury Services Are Proving to be a Beacon Amid the Dark Economy for Banks http://banktech.com/showArticle.jhtml?articleID=218100103&cid=feed With the retail banking industry struggling to stay afloat, banks' treasury services businesses are increasingly proving their worth amid a turbulent economy. But the global spending crunch and technology challenges threaten to keep growth in the space in check. Sun, 21 Jun 2009 08:05:00 -0700 Citi Boosts Treasury Biz by Joining CertiPath Credentialing Program http://banktech.com/showArticle.jhtml?articleID=218100356&cid=feed With its new CertiPath credentials for identity management, Citi will enable its clients to more easily and securely do business with the aerospace and defense industry. Fri, 19 Jun 2009 09:33:00 -0700 Romanian Bank Offers Prepaid Card Tied to Mobile Phone http://banktech.com/showArticle.jhtml?articleID=218100316&cid=feed The Raiffeisen Bank Visa Prepaid Card lets users make domestic funds transfer via cell phone. Fri, 19 Jun 2009 06:34:00 -0700 EU Leaders Back Bank Supervision Shake-Up http://banktech.com/showArticle.jhtml?articleID=218100322&cid=feed European Union leaders agreed on Friday to back the creation of a European system of financial supervisors to help prevent any new economic crisis, but gave them only limited powers. Fri, 19 Jun 2009 04:10:11 -0700 Can Trust Be Rebuilt in the Financial Services Industry? http://banktech.com/showArticle.jhtml?articleID=218100154&cid=feed The Obama Administration's new proposals for financial services regulation aim to rebuild trust within the industry, and between banks and the public. That may be easier said than done. Thu, 18 Jun 2009 11:25:00 -0700 Burden of Responsibility for New Era Reg Compliance Ultimately Will Fall on IT http://www.banktech.com/blog/archives/2009/06/burden_of_respo.html?cid=RSS_bt_blog President Obama’s proposals for the reform of financial services regulation are wide-ranging. Even if only partially enacted, they will have far-reaching impacts to the way financial services organizations of all types conduct business in the long term. As expected, they have been instantly attacked from the right and the left, and we have already seen declarations of war from industry organizations. http://www.banktech.com/blog/archives/2009/06/burden_of_respo.html Thu, 18 Jun 2009 10:50:01 -0700 Regulation/Compliance The Financial Industry Reacts to Obama Regulatory Proposal http://banktech.com/showArticle.jhtml?articleID=218100124&cid=feed Although most agree with the general principles outlined in the President's plan, they find several sticking points—and IT won't be immune. Thu, 18 Jun 2009 09:59:00 -0700 Citizens Implements MasterCard Payment Gateway for Corporates http://banktech.com/showArticle.jhtml?articleID=218100080&cid=feed The Citizens Gateway will allow commercial clients access to more streamlined payments services. Thu, 18 Jun 2009 08:06:00 -0700 Geithner Urges Quick Action by Congress on Reforms http://banktech.com/showArticle.jhtml?articleID=218100077&cid=feed U.S. Treasury Secretary Tim Geithner urged Congress to act quickly on the Obama administration's regulatory reform proposals, saying past efforts had started too late after the will to act had faded. Thu, 18 Jun 2009 07:12:41 -0700 Obama's Regulatory Reform Faces Fight in Congress http://banktech.com/showArticle.jhtml?articleID=218100084&cid=feed President Barack Obama's proposed financial regulatory overhaul could face big changes in Congress, where over the years members of both parties have permitted lax controls blamed for the U.S. economic meltdown. Wed, 17 Jun 2009 14:42:30 -0700 Bangkok Bank Unveils Mobile Banking Solution http://banktech.com/showArticle.jhtml?articleID=218000107&cid=feed Thailand-based bank to offer its online banking platform via mobile phones. Wed, 17 Jun 2009 07:05:00 -0700 Westpac New Zealand Launches ACI Proactive Risk Manager for Fraud Detection and Prevention http://banktech.com/showArticle.jhtml?articleID=218000105&cid=feed Solution runs on IBM System z platform; goal is holistic, enterprise-wide approach to managing risk. Wed, 17 Jun 2009 07:04:00 -0700 ING London to Implement Microgen Aptitude http://banktech.com/showArticle.jhtml?articleID=218000104&cid=feed ING London is set to implement Microgen Aptitude, a business process management tool. Wed, 17 Jun 2009 07:01:00 -0700 Levitt Applauds Regulatory Reforms, but Says Accounting Standards Ignored http://banktech.com/showArticle.jhtml?articleID=218000097&cid=feed Former SEC chairman Arthur Levitt says the Obama plan for regulatory overhaul achieves good balance, but still must address other problems. Wed, 17 Jun 2009 06:45:00 -0700 Obama Plan Would Cut Number of U.S. Bank Regulators http://banktech.com/showArticle.jhtml?articleID=218000101&cid=feed The Obama administration plans to call for the U.S. Office of Thrift Supervision to close as part of its overhaul of financial regulation, which would also include the elimination of the federal thrift charter for banks. Tue, 16 Jun 2009 16:22:53 -0700 Online Bill Pay Expected to Grow Through 2014 http://banktech.com/showArticle.jhtml?articleID=217900106&cid=feed Forrester Research shows there is still room for growth in e-bill pay, but the battle will continue between biller director and aggregator models. Tue, 16 Jun 2009 07:38:00 -0700 77% of the Top 50 U.S. Banks Need Help, and I’m Not Talking TARP http://www.banktech.com/blog/archives/2009/06/77_percent_of_t.html?cid=RSS_bt_blog It has been 36 years since I had a corporate-type job. I’m now ready to get back into the labor force because the timing is perfect and the need at the top 50 is acute. After living with 45-year-old technologies, large banks have to face the reality of a much-changed world of banking requiring new tech innovations. I’m going to tackle that problem. I have convinced my wife that our CPA will take care of all household business matters and her financial security is intact. But the deal includes no husband for a while. I’ll be very busy for the next five years. http://www.banktech.com/blog/archives/2009/06/77_percent_of_t.html Tue, 16 Jun 2009 07:26:53 -0700 Architecture/Infrastructure PwC Purchases BearingPoint Commercial Services Practice http://banktech.com/showArticle.jhtml?articleID=217900100&cid=feed The acquisition by PricewaterhouseCoopers of certain BearingPoint contracts in North America expands its reach into financial services. Tue, 16 Jun 2009 07:17:00 -0700 Metavante Announces Rollout of MasterCard rePower http://banktech.com/showArticle.jhtml?articleID=217900088&cid=feed The rePower product is a top-up service for prepaid MasterCards that will be made available in Europe. Tue, 16 Jun 2009 06:52:00 -0700 Citigroup Says TARP Hurts Ability to Keep Talent http://banktech.com/showArticle.jhtml?articleID=217900069&cid=feed Citigroup's chairman said Monday the bank may find it harder to retain and attract top employees while the bank is holding on to federal bailout money. Mon, 15 Jun 2009 14:14:23 -0700 UMB Takes a Streamlined Approach to Single Sign-On http://banktech.com/showArticle.jhtml?articleID=217800396&cid=feed By simplifying the user experience online, UMB has gained greater efficiencies in user administration and ID management. Mon, 15 Jun 2009 09:01:00 -0700 Proposed Regulatory Overhaul May Not Quite Be Done Deal http://www.banktech.com/blog/archives/2009/06/proposed_regula.html?cid=RSS_bt_blog The Obama administration finally made public details of its proposed financial regulation overhaul plan. It might not call for the single “super regulator” that the industry has been talking about for months, but it does seek to consolidate and augment the powers of current regulatory agencies, especially the Federal Reserve. It sounds like the goal will be to ensure there is just enough overlap between agencies to avoid any gaps in supervision that could possibly lead us to another economic crisis. If the administration gets its way, a new consumer watchdog agency would be established and the Fed would have more sweeping powers of control over the largest financial institutions. http://www.banktech.com/blog/archives/2009/06/proposed_regula.html Mon, 15 Jun 2009 08:33:43 -0700 Regulation/Compliance Taking an Integrated View of Governance, Risk and Compliance (GRC), Processes and IT http://www.banktech.com/blog/archives/2009/06/taking_an_integ.html?cid=RSS_bt_blog Information technology is a fundamental business enabler in today’s financial services sector. Now more than ever, financial institutions are looking to IT solutions to help them address fundamental business challenges — from delivering more personalized customer service to managing risk to improving operational efficiency. The now inextricable link between IT and business operations has fueled a compelling need for FIs to implement comprehensive and holistic IT governance, risk and compliance (GRC) strategies. http://www.banktech.com/blog/archives/2009/06/taking_an_integ.html Mon, 15 Jun 2009 07:37:35 -0700 Regulation/Compliance U.S. Community Banks May Be at Risk, Says Fed's Tarullo http://banktech.com/showArticle.jhtml?articleID=217801141&cid=feed America's community banks may be vulnerable in the current fragile economic environment because of their increased exposure to commercial property, a top Federal Reserve official said on Monday. Mon, 15 Jun 2009 06:15:42 -0700 Obama Financial Reforms Detailed in Op-Ed Piece http://banktech.com/showArticle.jhtml?articleID=217801130&cid=feed Senior Obama administration officials Monday said in a newspaper op-ed piece that a landmark financial regulation reform plan to be released this week will target capital requirements, securitization and other problem areas blamed for the global financial crisis. Mon, 15 Jun 2009 05:27:16 -0700 As Personal Finance Tools Gain Popularity, Where’s Money Going? http://www.banktech.com/blog/archives/2009/06/as_personal_fin.html?cid=RSS_bt_blog The news of Microsoft’s dropping its Money software offering really caught my attention. The company says that growing competition from financial institutions and a shift in the way people manage their finances were the main reasons for the move. http://www.banktech.com/blog/archives/2009/06/as_personal_fin.html Fri, 12 Jun 2009 08:09:28 -0700 Customer Insight/Business Microsoft to Shelve Money http://banktech.com/showArticle.jhtml?articleID=217800941&cid=feed Microsoft says increasing competition in the personal finance space from banks and others led to its decision to discontinue selling its Money software. Fri, 12 Jun 2009 06:50:00 -0700 Firethorn Expands M-Banking Offering to Android Phones http://banktech.com/showArticle.jhtml?articleID=217800933&cid=feed Firethorn has unveiled a version of its mobile banking application for handsets using Google Android. Fri, 12 Jun 2009 06:20:00 -0700 Lawmakers Blast Fed, Treasury, BofA Over Merrill http://banktech.com/showArticle.jhtml?articleID=217800909&cid=feed U.S. lawmakers accused the Treasury and Federal Reserve on Thursday of using threats to force Bank of America to take over Merrill Lynch while criticizing Bank of America boss Ken Lewis for keeping shareholders in the dark about rising losses at Merrill. Thu, 11 Jun 2009 16:21:10 -0700 Goldman Could Shed 'Commercial Bank' Charter http://banktech.com/showArticle.jhtml?articleID=217800908&cid=feed Freed from the grip of the U.S. Treasury's bailout program, Goldman Sachs Group might seek to shed its commercial bank holding company status and reclaim its role as Wall Street's iconic investment bank, some investors believe. Thu, 11 Jun 2009 11:33:19 -0700 Huntington Names Former RMA CEO Kevin Blakely Chief Risk Officer http://banktech.com/showArticle.jhtml?articleID=217800760&cid=feed Pioneer in establishing enterprise-wide risk management practices will report to bank's CEO. Thu, 11 Jun 2009 07:36:00 -0700 Kiva Looks to Bring Microlending to U.S. Entrepreneurs http://banktech.com/showArticle.jhtml?articleID=217800759&cid=feed Kiva is gaining traction in the U.S. as an alternative loan source for small business owners in need of funding. Thu, 11 Jun 2009 07:35:00 -0700 John Brennan Joins Western Union's Banking Business http://banktech.com/showArticle.jhtml?articleID=217800650&cid=feed Brennan will be charged with helping to grow Western Union's banking business in the U.S. Wed, 10 Jun 2009 12:35:00 -0700 Unemployed Finance Pros Still Optimistic About Hiring http://banktech.com/showArticle.jhtml?articleID=217800553&cid=feed A survey by OneWire.com illustrates a resilient attitude among financial services professionals seeking employment. Wed, 10 Jun 2009 07:13:00 -0700 Bonuses Still Point of Contention for Obama http://banktech.com/showArticle.jhtml?articleID=217800545&cid=feed The President continues to push for restrictions on bonus compensation for financial executives. Wed, 10 Jun 2009 06:59:00 -0700 InsBank Selects Goldleaf's Remote Backup Service http://banktech.com/showArticle.jhtml?articleID=217800518&cid=feed The RBS online solution offers automated backups of file servers and application and database servers, as well as 24x7 monitoring. Wed, 10 Jun 2009 06:03:00 -0700 Andera and Digital Insight Offer Online Banking, Account Opening Tools in One Platform http://banktech.com/showArticle.jhtml?articleID=217800351&cid=feed Their strategic relationship enables Digital Insight to provide Andera's online account opening and funding solutions to its client financial institutions. Tue, 09 Jun 2009 10:45:00 -0700 Wells Fargo Grows First Data Card Relationship http://banktech.com/showArticle.jhtml?articleID=217800283&cid=feed An expanded agreement has been signed to include Wachovia's card customers with Wells Fargo's First Data portfolio. Tue, 09 Jun 2009 07:36:00 -0700 Pakistan's Allied Bank Chooses SAS for Risk Management http://banktech.com/showArticle.jhtml?articleID=217800230&cid=feed Allied Bank will use a variety of risk management tools from SAS for Basel II compliance and to enhance its customer offerings. Tue, 09 Jun 2009 05:47:00 -0700 U.S. Banks Submit Capital Replenishment Plans http://banktech.com/showArticle.jhtml?articleID=217800267&cid=feed All 10 of the largest U.S. banks under orders to raise additional capital as a buffer against further economic shocks have submitted plans to do so, the Federal Reserve said on Monday. Mon, 08 Jun 2009 14:08:32 -0700 American Savings Picks Fiserv for Core Upgrade http://banktech.com/showArticle.jhtml?articleID=217800114&cid=feed Hawaii's American Savings Bank will use the Fiserv Signature Bank Platform for its enterprise operations. Mon, 08 Jun 2009 11:58:00 -0700 Six Major Challenges for Bank Tech Companies http://www.banktech.com/blog/archives/2009/06/six_major_chall.html?cid=RSS_bt_blog Look again, folks, it’s not just the economy that’s hurting bank tech companies. The economy will recover, but five other challenges linger for which Ben Bernanke cannot project an end date. http://www.banktech.com/blog/archives/2009/06/six_major_chall.html Mon, 08 Jun 2009 09:06:36 -0700 Architecture/Infrastructure ATM Sourcing Strategies: Get What You Pay For http://www.banktech.com/blog/archives/2009/06/atm_sourcing_st.html?cid=RSS_bt_blog In today’s retail banking landscape, the role of the ATM can vary from delivering basic “cash-and-dash” functionality to conducting a variety of sophisticated, value-added transactions. http://www.banktech.com/blog/archives/2009/06/atm_sourcing_st.html Mon, 08 Jun 2009 08:27:53 -0700 Channels Bank of America Names Gregory Curl CRO, Adds to Board http://banktech.com/showArticle.jhtml?articleID=217800020&cid=feed In addition to appointing Curl head of risk, BofA has named four new members to its board of directors. Mon, 08 Jun 2009 07:10:00 -0700 ITAC, Intersections Launch BreachCenter.com http://banktech.com/showArticle.jhtml?articleID=217701304&cid=feed New site is designed to be a resource for banks and other business for identity theft prevention. Mon, 08 Jun 2009 06:30:00 -0700 Convergys Launches Loan Modification Solutions http://banktech.com/showArticle.jhtml?articleID=217800022&cid=feed Tense negotiations over the value of warrants held by the Treasury Department could prevent some of the biggest U.S. banks from fully shaking off government ownership after they repay billions of dollars in bailout funds in coming days. Mon, 08 Jun 2009 05:00:53 -0700 Tech Firms See 18 Percent Drop in Storage Revenues, New Research Shows http://banktech.com/showArticle.jhtml?articleID=217702043&cid=feed Sales of disk storage systems -- which contain much of the world's digital information -- fell 18 percent in the first three months of this year, hit by deep cuts in technology spending, according to industry research firm IDC. Thu, 04 Jun 2009 21:01:07 -0700 Credit Union 24 Network Pilots Internet PIN http://banktech.com/showArticle.jhtml?articleID=217701905&cid=feed Acculynk's PaySecure enables consumers to make PIN debit payments online without additional hardware. Thu, 04 Jun 2009 12:19:00 -0700 FSTC Merges Into Financial Services Roundtable http://banktech.com/showArticle.jhtml?articleID=217701818&cid=feed The marriage of the organizations is designed to create a more robust yet efficient means for financial services innovation. Thu, 04 Jun 2009 07:49:00 -0700 Debit Still on the Growth Path, Says PULSE http://banktech.com/showArticle.jhtml?articleID=217701802&cid=feed The recession hasn't hit debit card usage as a new study shows continued growth in PIN and signature debit. Thu, 04 Jun 2009 07:01:00 -0700 Wolters Kluwer Financial Services Expands Anti-Fraud Solution http://banktech.com/showArticle.jhtml?articleID=217701785&cid=feed Wiz Sentri: Anti-Fraud solution with Internal Fraud module helps U.K. financial institutions combat insider fraud through real-time monitoring of legacy and Web-based systems. Thu, 04 Jun 2009 06:03:00 -0700 Mobile Banking Is Now a Must-Have for Banks http://banktech.com/showArticle.jhtml?articleID=217701670&cid=feed According to a panel of bankers at Celent Innovation and Insight Day, mobile banking has moved beyond the hype to the next step in banking's evolution. Wed, 03 Jun 2009 12:08:00 -0700 NCR to Relocate HQ to Georgia http://banktech.com/showArticle.jhtml?articleID=217701618&cid=feed By consolidating its operations in Georgia, NCR hopes to bring more value to its customers and more efficiencies to its operations. Wed, 03 Jun 2009 09:37:00 -0700 Credit Union 24 to Use Acculynk's PaySecure for Internet PIN Debit Service http://banktech.com/showArticle.jhtml?articleID=217701526&cid=feed Customers may make more purchases when utilizing the software-only service for PIN debit payments on the Internet, suggests survey. Wed, 03 Jun 2009 06:55:00 -0700 Solid State Drives Offer Quantum Leaps in Performance for Banks http://www.banktech.com/blog/archives/2009/06/solid_state_dri.html?cid=RSS_bt_blog By John Cagle, HP Solid state technology, such as flash-memory, is a type of storage with no moving parts. When used as a disk drive, it provides a more reliable and higher performing alternative to traditional hard disk drives. Solid state drives (SSDs) have been in use for several years in laptops and, until recently, were associated primarily with consumer products and USB storage devices. However, solid state storage is taking a more prominent role in the enterprise computing market as the cost gap narrows between SSDs and hard drives, and companies demand higher performing systems. http://www.banktech.com/blog/archives/2009/06/solid_state_dri.html Tue, 02 Jun 2009 13:42:47 -0700 Architecture/Infrastructure Flagstar Improves Performance of Goal Setting http://banktech.com/showArticle.jhtml?articleID=217700887&cid=feed Flagstar Bank improves branch location performance goal accuracy with predictive analytics tool from Pitney Bowes MapInfo. Tue, 02 Jun 2009 13:01:00 -0700 PSECU Secures Web Channel with Trusteer http://banktech.com/showArticle.jhtml?articleID=217701337&cid=feed The Trusteer Rapport solution is designed to protect end users' personal information while conducting transactions online. Tue, 02 Jun 2009 12:35:00 -0700 Southern Bank Upgrades to Goldleaf Check Imaging Solution http://banktech.com/showArticle.jhtml?articleID=217701228&cid=feed The Net.Check service is helping Southern Bank attain a greater degree of efficiency and cost savings in its branch operations. Tue, 02 Jun 2009 06:19:00 -0700 Equifax Adds Discover Source to TALX Solution http://banktech.com/showArticle.jhtml?articleID=217701205&cid=feed Equifax says that the direct feed of federal tax return data makes the provider a "one-stop shop" for all the data required for mortgage lending. Tue, 02 Jun 2009 04:35:00 -0700 A College Junior Is the Best Person to Create a Community Bank’s Strategic Plan http://www.banktech.com/blog/archives/2009/06/a_college_junio.html?cid=RSS_bt_blog Relax you Harvard, Stanford, Kellogg, Wharton, Sloan, Booth, Haas, Tuck, Columbia and Yale MBAs. You can’t even get a job after all you’ve learned, which means it’s not about you. It’s the economy, genius. http://www.banktech.com/blog/archives/2009/06/a_college_junio.html Mon, 01 Jun 2009 13:49:24 -0700 Management Strategies Fiserv Introduces Mobile Money FastTrack to Simplify Delivery of Mobile Banking Services http://banktech.com/showArticle.jhtml?articleID=217701001&cid=feed Streamlined version of flagship solution developed to help financial institutions more quickly offer mobile banking services. Mon, 01 Jun 2009 07:19:00 -0700 Small Banks Next on Regulators' Stress Test List http://banktech.com/showArticle.jhtml?articleID=217700818&cid=feed TowerGroup's Kathleen Khirallah says bank stress tests will become a regular part of the industry and that smaller institutions are not immune. Fri, 29 May 2009 07:43:00 -0700 U.S. Bank Pilots Multifunction Credit Card http://banktech.com/showArticle.jhtml?articleID=217700585&cid=feed The AccelaPay Visa card acts as mag stripe, contactless and ID card. Thu, 28 May 2009 07:01:00 -0700 U.S. Banking Sector One Step Closer to Super Regulator http://banktech.com/showArticle.jhtml?articleID=217700573&cid=feed Reports indicate that plans may be in the works to consolidate the current array of financial services regulatory agencies into one body. Thu, 28 May 2009 06:34:00 -0700 INETCO Releases Latest Transaction Monitoring Software http://banktech.com/showArticle.jhtml?articleID=217700466&cid=feed Insight 4.5 is enhanced to offer users more information on each transaction. Wed, 27 May 2009 12:54:00 -0700 Zions Picks S1 for Corporate Banking http://banktech.com/showArticle.jhtml?articleID=217700291&cid=feed S1 Corporate Banking will become the online banking solution for Zions Bancorp's commercial clients. Wed, 27 May 2009 06:44:00 -0700 VASCO Adds Strong Host Authentication to DIGIPASS Pin Pads http://banktech.com/showArticle.jhtml?articleID=217700284&cid=feed The one-time password technology is intended to prevent man-in-the-middle attacks and other identity theft attempts. Wed, 27 May 2009 06:18:00 -0700 Financial Crisis Will Speed Adoption of Mobile Banking http://banktech.com/showArticle.jhtml?articleID=217600919&cid=feed TowerGroup research shows that 2009 will be the year m-banking goes mainstream as consumers seek more immediate access to their financial status. Tue, 26 May 2009 07:09:00 -0700 The Success of Bank M&As Can Hinge on IT Talent Retention http://banktech.com/showArticle.jhtml?articleID=217600690&cid=feed It is critical for banks to retain top tech performers during mergers -- and money alone just won't cut it anymore. Fri, 22 May 2009 13:11:00 -0700 Citizens National Bank of Meridian and Metavante Renew Long-Term Core Banking Agreement http://banktech.com/showArticle.jhtml?articleID=217600603&cid=feed The bank will add Metavante's imaging services, risk and compliance solutions, CRM, consulting and professional services, and participation in the NYCE Payments Network. Fri, 22 May 2009 06:10:00 -0700 J.P. Morgan Offering ISO 20022 Standard-based Payments and Reporting http://banktech.com/showArticle.jhtml?articleID=217600476&cid=feed J.P. Morgan's treasury services unit is providing clients with ISO standard to supply richer remittance information and automation. Thu, 21 May 2009 10:35:00 -0700 Sterling Savings Teams With Qwest on Disaster Recovery http://banktech.com/showArticle.jhtml?articleID=217600437&cid=feed The bank will expand an existing relationship with the communications company to include space in Qwest's Seattle CyberCenter. Thu, 21 May 2009 07:43:00 -0700 J.D. Power Report Says Banks Must Address Steady Decline in Customer Satisfaction http://banktech.com/showArticle.jhtml?articleID=217600427&cid=feed J.D. Power & Associates' Retail Banking Study found a significant percentage of consumers are dissatisfied with their banks, marking a continued decay over the past three years. Thu, 21 May 2009 07:18:00 -0700 Federal Home Loan Bank of Pittsburgh Implements Rockall's Collateral Management System http://banktech.com/showArticle.jhtml?articleID=217600411&cid=feed STOC offers enterprisewide, real-time operational capability to value, monitor and manage collateral of all types and for all lines of business. Thu, 21 May 2009 06:46:00 -0700 First Midwest to use BNYMellon's Remit Worldwide Services http://banktech.com/showArticle.jhtml?articleID=217600189&cid=feed First Midwest Bank is rolling out Cash Worldwide, a solution for cross-border payments based on The Bank of New York Mellon's Remit Worldwide service. Wed, 20 May 2009 06:29:00 -0700 Deutsche Bank Expands FX4Cash With Addition of 50 Currencies http://banktech.com/showArticle.jhtml?articleID=217600182&cid=feed The cross-currency platform allows clients to make payments in 125 currencies across more than 160 countries. Wed, 20 May 2009 06:19:00 -0700 China Merchants Bank Joins CHIPS http://banktech.com/showArticle.jhtml?articleID=217600171&cid=feed CMB becomes the third international institution in the past year to join the private wire transfer network. Wed, 20 May 2009 06:09:00 -0700 Performance and Productivity Management Key to Banks' Long-Term Survival http://banktech.com/showArticle.jhtml?articleID=217600024&cid=feed Banks are starting to exploit new technologies to enable them to monitor employees' performance in a more automated fashion. Tue, 19 May 2009 11:04:00 -0700 Whitney National Picks Jack Henry for Enterprise Automation http://banktech.com/showArticle.jhtml?articleID=217500819&cid=feed Whitney National Bank will use the SilverLake and ArgoKeys solutions to help it focus more on customer service delivery. Tue, 19 May 2009 06:59:00 -0700 European Payments Council Signs MoU with GlobalPlatform on Mobile http://banktech.com/showArticle.jhtml?articleID=217500808&cid=feed The EPC and GlobalPlatform will work toward creating a more interoperable technology environment for mobile financial services. Tue, 19 May 2009 06:44:00 -0700 Nordea Bank Goes With SunGard for Counterparty Risk http://banktech.com/showArticle.jhtml?articleID=217500568&cid=feed Nordea Bank will use SunGard's Adaptiv Analytics to enhance its management of counterparty credit exposure in its cap markets practice. Mon, 18 May 2009 07:04:00 -0700 Community Bank Expands NYCE Contract http://banktech.com/showArticle.jhtml?articleID=217500565&cid=feed Community Bank System renewed its contract with the NYCE network, making it the exclusive provider of the bank's PIN debit and ATM services. Mon, 18 May 2009 06:55:00 -0700 Federal Reserve to Use Viewpointe's Check Image Archiving Service http://banktech.com/showArticle.jhtml?articleID=217500321&cid=feed Leveraging the service will enable the Fed to share infrastructure costs while ensuring its ability to store and retrieve reliably and securely. Fri, 15 May 2009 07:03:00 -0700 Axiom Software Expands Templates Subscription Services http://banktech.com/showArticle.jhtml?articleID=217500183&cid=feed Extended coverage enables financial institutions to more quickly adapt to regulatory changes. Thu, 14 May 2009 10:58:00 -0700 USAA Offers iPhone App for Banking, Insurance and Securities http://banktech.com/showArticle.jhtml?articleID=217500177&cid=feed The USAA Mobile App is designed to offer the financial services company's members access to all their finance needs while on the go. Thu, 14 May 2009 10:32:00 -0700 Website Offers Help to Laid-Off Finance Workers http://banktech.com/showArticle.jhtml?articleID=217500117&cid=feed BankingorBust.com was created by a former investment banker to help others in his field find new employment after job loss. Thu, 14 May 2009 07:34:00 -0700 Executive Pay at Banks Under Fire Again http://banktech.com/showArticle.jhtml?articleID=217500092&cid=feed Washington is again looking to set further limits on how bank executives are compensated in a more sweeping initiative that includes non-TARP banks. Thu, 14 May 2009 06:39:00 -0700 Microsoft and Agree Technology Announce SuperTeller for Next-Generation Branch Transformation http://banktech.com/showArticle.jhtml?articleID=217500075&cid=feed Xiamen International Bank first to adopt innovative new solution to optimize branch efficiency. Thu, 14 May 2009 05:54:00 -0700 J.P. Morgan Releases Escrow Services in India http://banktech.com/showArticle.jhtml?articleID=217400815&cid=feed The firm leverages its Worldwide Securities Services division and Investment Bank and Asset Management lines to offer one-stop solutions. Wed, 13 May 2009 12:01:00 -0700 Vasco and Moadbus in M-banking Security Partnership http://banktech.com/showArticle.jhtml?articleID=217400524&cid=feed Vasco and Moadbus venture will offer digital signature security on mobile banking and cash solutions. Tue, 12 May 2009 11:11:00 -0700 Chantal Simons Named CRO at People's United http://banktech.com/showArticle.jhtml?articleID=217400464&cid=feed The Merrill Lynch veteran will oversee the growing bank's risk management practice. Tue, 12 May 2009 08:09:00 -0700 Digital Insight and Metavante Extend Relationship http://banktech.com/showArticle.jhtml?articleID=217400431&cid=feed Three agreements provide financial services clients with variety of new online capabilities. Tue, 12 May 2009 07:05:00 -0700 Banks at Leading Edge with Twitter Usage http://banktech.com/showArticle.jhtml?articleID=217400428&cid=feed William Mills study of Twitter use among financial institutions shows the industry has definitely thrown its hat into the social networking ring. Tue, 12 May 2009 07:01:00 -0700 QinetiQ to Acquire Cyber Intelligence Solutions Provider Cyveillance http://banktech.com/showArticle.jhtml?articleID=217400255&cid=feed Combined services promise to offer comprehensive intelligence solutions to commercial and government customers. Mon, 11 May 2009 10:53:00 -0700 PULSE Launches Surcharge-Free ATM Network http://banktech.com/showArticle.jhtml?articleID=217400046&cid=feed In an alliance with MoneyPass, the PULSE SelectSM network offers participants more than 16,000 surcharge-free ATMs across the country. Fri, 08 May 2009 12:03:00 -0700 Mexican Banks Choose SunGard for Operational Risk Management http://banktech.com/showArticle.jhtml?articleID=217400021&cid=feed Ambit Risk Performance suite for retail, commercial and private banks supports front-, middle- and back-office operations, as well as financial management, risk and compliance. Fri, 08 May 2009 09:25:00 -0700 Stress Tests Reveal Some Weakness, But Not as Much as Anticipated. http://banktech.com/showArticle.jhtml?articleID=217300846&cid=feed The bank stress test data shows that although 10 large banks must raise more capital, overall, major FIs aren't doing too badly. Fri, 08 May 2009 07:05:00 -0700 Experian QAS Releases Address Verification SAAS http://banktech.com/showArticle.jhtml?articleID=217300471&cid=feed Web-based QAS Pro On Demand solution promises to reduce costs associated with incomplete customer records. Thu, 07 May 2009 11:32:00 -0700 Western Union Beefs Up Its Global B2B Presence http://banktech.com/showArticle.jhtml?articleID=217300655&cid=feed The intended acquisition of Canada's Custom House will allow Western Union to expand its reach to small and midsize businesses globally. Thu, 07 May 2009 07:04:00 -0700 In M&A, Special Attention Must Also Be Paid to Integrating Outsourcers' Tech http://banktech.com/showArticle.jhtml?articleID=217300651&cid=feed A series of reports from Morrison & Foerster details trends in the outsourcing industry, one of which emphasizes the importance of IT harmonization at merged entities. Thu, 07 May 2009 06:49:00 -0700 Bank of Marin Adopts Metavante's Outsourced Receivables Solution http://banktech.com/showArticle.jhtml?articleID=217300479&cid=feed RemitPoint centralized image-based remittance processing service allows the bank to actively market new lockbox services to its corporate customer base. Wed, 06 May 2009 11:49:00 -0700 Job Cuts Top of Mind for Employers http://banktech.com/showArticle.jhtml?articleID=217300398&cid=feed A Deloitte survey of large companies worldwide shows that executives are at the point where making decisions on staff cutbacks isn't as straightforward as it once was. Wed, 06 May 2009 07:16:00 -0700 Fiserv Will Provide Fannie Mae with Real-time Data Transmission from Its Loan Servicing Platform http://banktech.com/showArticle.jhtml?articleID=217300391&cid=feed Partnership helps agency explore new workout solutions for borrowers. Wed, 06 May 2009 07:09:00 -0700 Fifth Third Bank Extends Its Brand Relationship with MasterCard http://banktech.com/showArticle.jhtml?articleID=217300209&cid=feed Under the multiyear agreement, Fifth Third will continue to issue credit and debit MasterCard cards to consumers and corporations. Tue, 05 May 2009 11:43:00 -0700 /GLOBAL/btg/iwbtn/user/login.jhtml?actionType=download&siteId=300001&successfulLoginRedirect=http%3A//www.informationweek.com/whitepaper/Security/Security-Administration/cisco-security-troubleshooting-part-i-connecti-wp1239200186019%3Fpopup%3Dtrue http://banktech.com/showArticle.jhtml?articleID=217300124&cid=feed San Francisco-based unit targets financing needs of small/mid-market businesses involved in international trade. Tue, 05 May 2009 07:31:00 -0700 U.S. Bank Picks CCS for Construction Budget Monitoring http://banktech.com/showArticle.jhtml?articleID=217300103&cid=feed Custom Credit Systems' construction budget monitoring tool will be used by U.S. Bank's real estate lending business. Tue, 05 May 2009 06:46:00 -0700 Michael Sykes Becomes Special Assets Manager at Hampton Roads http://banktech.com/showArticle.jhtml?articleID=217201351&cid=feed The former Bank of America senior client manager will handle the bank's troubled assets portfolio. Mon, 04 May 2009 08:00:00 -0700 ALI Solutions' Updated Campaign Management System Can Handle More Than 3 Million Collections Calls Per Day http://banktech.com/showArticle.jhtml?articleID=217201343&cid=feed New OnQ 3 System is designed to meet needs of high-volume, multi-center collection operations. Mon, 04 May 2009 07:49:00 -0700 Dearth of Banking-Focused Information Security Education Could Be Detrimental http://banktech.com/showArticle.jhtml?articleID=217201030&cid=feed Kevin Streff of Dakota State University says more colleges need to establish FS-specific IT programs to meet the growing infosec needs of the financial services industry. Thu, 30 Apr 2009 12:57:00 -0700 Ken Lewis Remains BofA CEO for Now http://banktech.com/showArticle.jhtml?articleID=217200928&cid=feed Bank of America's Lewis was removed from his chairman position and although he retains the CEO title, his days may still be numbered. Thu, 30 Apr 2009 07:16:00 -0700 J.P. Morgan Improves Its Treasury OnLine Service http://banktech.com/showArticle.jhtml?articleID=217200910&cid=feed New modules for cash forecasting and netting have been added to the bank's Treasury OnLine online treasury management service. Thu, 30 Apr 2009 06:48:00 -0700 For New Bank Holding Companies, Heavy Regulation an Adjustment http://banktech.com/showArticle.jhtml?articleID=217200895&cid=feed Ernst & Young's Bill Barrett gives some advice to bank holding companies new and old about IT can help them handle the tougher regulatory environment. Thu, 30 Apr 2009 06:19:00 -0700 The Bank of New York Mellon's Howard Bascom Named BAFT Chairman http://banktech.com/showArticle.jhtml?articleID=217200775&cid=feed The Bankers' Association for Finance and Trade made several board appointments at its annual meeting. Wed, 29 Apr 2009 12:17:00 -0700 Terry Akins Named Credit Chief at Iberiabank http://banktech.com/showArticle.jhtml?articleID=217200758&cid=feed Akins, a former Wachovia executive, becomes the bank's chief credit officer and senior EVP. Wed, 29 Apr 2009 11:45:00 -0700 Colleen Taylor to Lead Capital One's Treasury Business http://banktech.com/showArticle.jhtml?articleID=217200678&cid=feed The former Wachovia executive will oversee the bank's business in the treasury management and merchant services space. Wed, 29 Apr 2009 07:49:00 -0700 M-Com In Venture for Egyptian Mobile Banking and Bill Payments http://banktech.com/showArticle.jhtml?articleID=217200490&cid=feed The mobile financial solutions providers had joined with Egypt's Fawry to offer a combined m-baking and bill pay service to that market. Tue, 28 Apr 2009 12:32:00 -0700 No Swine Flu Emergency Yet, but Banks Should Keep Eyes Open http://banktech.com/showArticle.jhtml?articleID=217200394&cid=feed James Kerr says it's better for banks to be safe than sorry when it comes to building pandemic-related contingency plans—and Y2K-type backup plans are insufficient. Tue, 28 Apr 2009 07:58:00 -0700 BITS and Indian Standards Body Commit to Best Practices in Offshoring http://banktech.com/showArticle.jhtml?articleID=217200152&cid=feed Vendor risk management will be a key focus for the new BITS, NASSCOM venture. Mon, 27 Apr 2009 08:10:00 -0700 IBM Study Shows Financial Markets Firms See the End of Big Returns http://banktech.com/showArticle.jhtml?articleID=217200125&cid=feed A survey indicates that the capital markets industry anticipates an over-prioritization of financial stability will stifle innovation. Mon, 27 Apr 2009 07:15:00 -0700 US Dataworks Hires Michael Dignen as SVP, Sales and Business Development http://banktech.com/showArticle.jhtml?articleID=217200101&cid=feed In a newly created position, former Metavante executive tapped to drive growth strategies. Mon, 27 Apr 2009 06:40:00 -0700 Obama Warns Credit Card Issuers on "Sharp Practice" http://banktech.com/showArticle.jhtml?articleID=217100283&cid=feed Unfair terms and conditions are worsening consumers' indebtedness, President says in industry meeting. Fri, 24 Apr 2009 07:20:00 -0700 Stress Tests May Stress Banks' Ability to Raise Funds http://banktech.com/showArticle.jhtml?articleID=217100270&cid=feed Continuing growth from bad assets will haunt tested banks' efforts to convince investors to chip in. Fri, 24 Apr 2009 06:15:00 -0700 Liberty Bank Picks COCC for Core Conversion http://banktech.com/showArticle.jhtml?articleID=217100268&cid=feed COCC will offer its core banking solution to Liberty Bank on an outsourced basis. Fri, 24 Apr 2009 06:00:00 -0700 Yodlee PostcardCheck Designed to Save Banks Green http://banktech.com/showArticle.jhtml?articleID=217100085&cid=feed Yodlee has rolled out a new format of paper check that requires less in the way of postage and printing. Thu, 23 Apr 2009 07:43:00 -0700 Microsoft Offers Best Practices for Green Data Centers http://banktech.com/showArticle.jhtml?articleID=217000218&cid=feed When creating earth-friendly data centers, it's important to keep in mind the cost savings that will be gained. Wed, 22 Apr 2009 12:35:00 -0700 Zoot Unveils Updates to Decisioning Engine http://banktech.com/showArticle.jhtml?articleID=217000126&cid=feed Improvements to the Zoot credit evaluation decisioning engine are designed to give its clients greater adaptability and flexibility. Wed, 22 Apr 2009 06:38:00 -0700 Suicide Suspected in Freddie Mac CFO Death http://banktech.com/showArticle.jhtml?articleID=217000114&cid=feed David Kellermann, 41, found dead in a reported suicide. Wed, 22 Apr 2009 06:12:00 -0700 Mobile Financial Applications to be Worth $124B by 2014, Study Says. http://banktech.com/showArticle.jhtml?articleID=216900450&cid=feed Mobile Banking will be one of eight apps used by 2.2B people worldwide, per Insight Research. Tue, 21 Apr 2009 12:56:00 -0700 New App from Metavante Eases Account Opening for Seacoast National Bank http://banktech.com/showArticle.jhtml?articleID=216900331&cid=feed Metavante's Account Open application is an added feature to its Consumer eBanking solution that allow real-time activation of new accounts. Tue, 21 Apr 2009 06:57:00 -0700 Demand up for Anti Skimming Software, NCR Says http://banktech.com/showArticle.jhtml?articleID=216900268&cid=feed Blocking unauthorized software stems rising tide of fraud by insiders with special ATM access. Mon, 20 Apr 2009 19:03:00 -0700 Oracle to Buy Sun Microsystems http://banktech.com/showArticle.jhtml?articleID=216900124&cid=feed After original deal with IBM collapsed, Sun has found itself a new acquirer in Oracle. Mon, 20 Apr 2009 07:53:00 -0700 IBM's Services Group Expands Bank Relationships Globally http://banktech.com/showArticle.jhtml?articleID=216900107&cid=feed Both Daishi Bank and National Bank Financial have signed on to extend existing IT and outsourcing agreements with IBM. Mon, 20 Apr 2009 07:13:00 -0700 Perspectives: Remote Deposit Capture http://banktech.com/showArticle.jhtml?articleID=216900353&cid=feed The consumer market for remote deposit capture is only beginning to be tapped. Who are the target demographic, and will they see its value? Further, what are the challenges and risks banks must overcome to provide consumer RDC services? Sun, 19 Apr 2009 06:05:00 -0700 RDC a Natural Extension of Online Banking http://banktech.com/showArticle.jhtml?articleID=216900228&cid=feed As technology and connectivity evolve, consumer remote deposit capture is realizing an enormous potential in a significant slice of the market. Sat, 18 Apr 2009 06:02:00 -0700 Consumer RDC Is a Win-Win for Banks and Customers http://banktech.com/showArticle.jhtml?articleID=216900226&cid=feed Improved image analytics and the ability to use existing scanners have enabled the recent rapid adoption of consumer RDC as customers enjoy its convenience and banks realize new efficiencies. Sat, 18 Apr 2009 06:01:01 -0700 Consumer RDC Appeals to Small and Home Offices http://banktech.com/showArticle.jhtml?articleID=216900227&cid=feed SOHO business owners prove an ideal target market for consumer remote deposit, but as RDC proliferates so will opportunities for fraud and scrutiny into risk management. Sat, 18 Apr 2009 06:01:00 -0700 Customers Welcome RDC's Convenience http://banktech.com/showArticle.jhtml?articleID=216900225&cid=feed First Command Bank finds remote deposit capture especially helpful for military families subject to frequent relocation. Sat, 18 Apr 2009 05:55:01 -0700 S1 Enterprise Unveils Latest Version of Online Banking http://banktech.com/showArticle.jhtml?articleID=216600226&cid=feed S1 Online Banking 3.7 brings banks an integrated platform for business and consumer online banking. Fri, 17 Apr 2009 11:21:00 -0700 Financial Services CEOs in the Crosshairs: Are All the Attacks Justified? http://banktech.com/showArticle.jhtml?articleID=217100150&cid=feed Edward Liddy, former CEO of Allstate Insurance, came out of retirement to run troubled AIG. Should he be criticized for the company's failings, or praised for an act of public service? Fri, 17 Apr 2009 05:15:00 -0700 New CIO Colin Eccles Makes a Power Play at Umpqua http://banktech.com/showArticle.jhtml?articleID=216900469&cid=feed Colin Eccles looks to build Umpqua's technology organization into a 100 percent-available IT shop. Thu, 16 Apr 2009 14:02:00 -0700 Lexmark Rolls Out Series of Smaller, Eco-friendly Printers http://banktech.com/showArticle.jhtml?articleID=216600046&cid=feed The new X264dn, X360 Series and X460 Series printers by Lexmark are designed to offer smaller workgroups more bang for the buck. Thu, 16 Apr 2009 12:44:00 -0700 Obama Not Impeding Offshoring, TATA says http://banktech.com/showArticle.jhtml?articleID=216501068&cid=feed The new Administration was expected to stem the move of U.S. work offshore but overseas suppliers "don't see it". Thu, 16 Apr 2009 08:23:00 -0700 MasterCard Unveils ATM Hunter iPhone App http://banktech.com/showArticle.jhtml?articleID=216501050&cid=feed Free application for iPhone and iPod touch is designed to help users find ATMs and marks the start of MasterCard's initiative to develop free iPhone apps. Thu, 16 Apr 2009 07:29:00 -0700 Herb Allison May Head TARP Program http://banktech.com/showArticle.jhtml?articleID=216500796&cid=feed Fannie Mae chief and Merrill Lynch alum Herb Allison is thought to be Obama's choice to oversee the banking recovery program. Wed, 15 Apr 2009 06:21:00 -0700 Cisco Steps Into G20 Breach http://banktech.com/showArticle.jhtml?articleID=216500720&cid=feed Coordinated global financial regulation by G20 will need new, technology infrastructure, vendor proposes. Tue, 14 Apr 2009 17:16:00 -0700 New Oracle Solution Helps Banks Manage Exposure http://banktech.com/showArticle.jhtml?articleID=216500554&cid=feed Flexcube Enterprise Limits and Collateral Management is designed to give financial institutions an enterprisewide view of their exposures. Tue, 14 Apr 2009 07:00:00 -0700 Mortgagebot Rolls Out POS Lending Platform http://banktech.com/showArticle.jhtml?articleID=216500551&cid=feed The PowerSite solution gives lenders a multichannel platform for processing loan applications. Tue, 14 Apr 2009 06:48:00 -0700 TransUnion Rolls Out Tool to Evaluate Mortgage Asset Risk http://banktech.com/showArticle.jhtml?articleID=216500436&cid=feed The TransUnion Consumer Risk Indicators service was built with First American CoreLogic to help financial companies develop better risk-based valuations. Mon, 13 Apr 2009 12:08:00 -0700 HSBC Mexico Upgrades Its Core Banking Systems in One Big Bang http://banktech.com/showArticle.jhtml?articleID=216500249&cid=feed HSBC Mexico decided to upgrade its core banking applications in one shot, tapping CSC's automated upgrade program to govern the implementation. Mon, 13 Apr 2009 09:01:00 -0700 Francesco Vanni d'Archirafi Named Head of Citi's GTS Business http://banktech.com/showArticle.jhtml?articleID=216500410&cid=feed Citi's Global Transaction Services unit is appointing new leadership as Paul Galant moves on to run the bank's credit cards business. Mon, 13 Apr 2009 08:59:00 -0700 Fired Employees Can Still Access Co Systems, Survey Finds http://banktech.com/showArticle.jhtml?articleID=216500393&cid=feed Crisis weakness: Cloakware reveals 14 percent of ex-employees can access 'secure' systems. Mon, 13 Apr 2009 08:10:00 -0700 Taking Client's Perspective More Can Help Boost Banks' Treasury Biz—KeyBank's Grace http://banktech.com/showArticle.jhtml?articleID=216500370&cid=feed In treasury services, banks would do well to look at problems more from the client's point of view as they seek to provide optimal solutions, says KeyBank VP Will Grace. Mon, 13 Apr 2009 07:18:00 -0700 Laurence Christ Becomes Advantage Bank's New CCO http://banktech.com/showArticle.jhtml?articleID=216500246&cid=feed Former Merrill Lynch Commercial Finance Corporation exec assumes chief credit officer role. Fri, 10 Apr 2009 07:38:00 -0700 SWIFT Slashing Costs to Adapt to New Economic Reality http://banktech.com/showArticle.jhtml?articleID=216900448&cid=feed SWIFT looks to cut costs and strengthen its infrastructure with distributed architecture. Fri, 10 Apr 2009 05:55:00 -0700 Record Q.1 Profit at Wells Fargo http://banktech.com/showArticle.jhtml?articleID=216500076&cid=feed Stock in Wells up 30 percent on $3B surprise profit, Wachovia related. Thu, 09 Apr 2009 07:44:00 -0700 NACHA NEWS: FIS, Western Union and Yodlee Team for Expedited Payments http://banktech.com/showArticle.jhtml?articleID=216500063&cid=feed The three companies will work together to deliver an expansive expedited payments offering to financial institutions and their customers. Thu, 09 Apr 2009 07:22:00 -0700 NACHA NEWS: J.P. Morgan's Vaream Says Green Treasury Ops Yield Numerous Benefits http://banktech.com/showArticle.jhtml?articleID=216500049&cid=feed Craig Vaream discusses the business case for document imaging in treasury services is greater in the current economy as corporates seek efficiencies. Thu, 09 Apr 2009 06:15:00 -0700 CRM Helps De Novo Profit Amid Crisis http://banktech.com/showArticle.jhtml?articleID=216403434&cid=feed During the credit crunch, First Foundation Bank opens with excess capital, thanks to mining its best prospects. Wed, 08 Apr 2009 11:04:00 -0700 NACHA NEWS: Fundtech Rolls Out Wire Transfer for Community Banks http://banktech.com/showArticle.jhtml?articleID=216403468&cid=feed PAYplus Connect is designed to give community banks many of the same efficiencies and advantages that large banks enjoy in their wire businesses. Wed, 08 Apr 2009 08:18:00 -0700 ACI Worldwide Expands Leadership Team http://banktech.com/showArticle.jhtml?articleID=216403464&cid=feed Former CA executive Louis Blatt joins ACI Worldwide as chief product officer; e-payments solutions provider also names execs to risk, EMEA and Asia Pacific management roles. Wed, 08 Apr 2009 08:12:00 -0700 NACHA NEWS: Panini Re-introduces Scanner for Small Businesses http://banktech.com/showArticle.jhtml?articleID=216403447&cid=feed The IDeal check scanner is designed with compact technology to fit the needs of smaller operations. Wed, 08 Apr 2009 07:45:00 -0700 What Makes a Billionaire? Forbes Answers http://banktech.com/showArticle.jhtml?articleID=216403211&cid=feed A college dropout, with geeky parents, who's born in Sept., is most likely to succeed. Tue, 07 Apr 2009 10:18:00 -0700 Crisis Presents Banks With Opportunity to Reexamine Core Systems http://banktech.com/showArticle.jhtml?articleID=216403058&cid=feed There's no better time for banks to reevaluate their core systems, according to Mike Barba, Manager, Information Risk Management Business, SMART Business Advisory & Consulting. Tue, 07 Apr 2009 10:04:00 -0700 Banks -- and Their Core Systems -- in Survival Mode http://banktech.com/showArticle.jhtml?articleID=216402980&cid=feed Amid an economic downturn that is only beginning to show signs of a bottom, banks are reexamining their core systems, with a priority on phasing in capabilities to cope with new realities around risk, regulation and customer retention. Tue, 07 Apr 2009 09:05:00 -0700 NACHA NEWS: Bluepoint Unveils its Consumer RDC Offering http://banktech.com/showArticle.jhtml?articleID=216403069&cid=feed Bluepoint Solutions now provides financial institutions with a solution that can enable consumer customers to remotely deposit checks from home. Tue, 07 Apr 2009 06:15:00 -0700 NACHA NEWS: iPay Upgrades its e-Bill Pay and e-Invoicing Solution http://banktech.com/showArticle.jhtml?articleID=216403081&cid=feed Biz 2.0 provides small and midsize businesses with electronic bill payment and invoicing solutions. Mon, 06 Apr 2009 16:32:00 -0700 Study Shows Promise of Prepaid Cards for Underbanked http://banktech.com/showArticle.jhtml?articleID=216403031&cid=feed Consumers' first accounts of use very favorable, in CFSI, NBPCA survey. Mon, 06 Apr 2009 14:09:00 -0700 Internet Banks Poised to Prosper Amid Crisis http://banktech.com/showArticle.jhtml?articleID=216402724&cid=feed As consumers seek the best rates and banks look to cut costs, direct banks will enjoy a surge in deposits, TowerGroup predicts. Mon, 06 Apr 2009 06:31:00 -0700 NACHA NEWS: Epson Provides New Check Scanner Offerings http://banktech.com/showArticle.jhtml?articleID=216402751&cid=feed Epson has released a new version of its CaptureOne line and a suite of scanners designed for the needs of small businesses. Mon, 06 Apr 2009 06:31:00 -0700 NACHA NEWS: Fed Releases FedGlobal ACH Services for IAT http://banktech.com/showArticle.jhtml?articleID=216402747&cid=feed The Federal Reserve Banks are offering an enhanced offering for cross-border electronic payments that will be enabled by the International ACH Transaction rule. Mon, 06 Apr 2009 06:30:00 -0700