Bank Technology News articles from August 2007

Bank Technology News archives from August 2007

Utility Computing: Test Driving Tech With BearingPoint: NYC center allows banks to try utility computing.(New York City)
August 1, 2007... Not many massive-scale IT deployments come with a try-before-you-buy option. But IT consultancy BearingPoint and enterprise software firm Cassatt Corp. are shaping up a new practice offering for financial services that allows banks and...

Small Business Payments: Big Hitters Make a PASS: Microsoft and PayPal part of desktop business payments consortium.
August 1, 2007... A consortium of tech companies formed earlier this year to capitalize on the thirst for payments services at small businesses has added PayPal to the team and Microsoft to the driver's seat-and opened a new self-serve option for banks looking...

Relationships: How Much to Charge?: Targeting profitable customers for price cuts is harder than it sounds.
August 1, 2007... Linking price and fees for bank products to a customer's overall profitability sounds simple enough, but guess again. "It's not always the people with the most money in your institution that are the most profitable, it's not even the...

Edit Index.
August 1, 2007... A ABN Amro 12, 27 Actimize 31 AmbironTrustWave 21 Amdocs 23 Apple 12 B...

Innovators Of 2007: The Drive to Transform Business.
August 1, 2007... People are inevitably drawn to technology whose usage is viewed as progressive, particularly when it affects how they live, work and interact. Peter Drucker considers this phenomenon as important as the technology itself. Why? It drives...

Card Security: Banks to Merchants: Are You There Yet?: The PCI Digital Security Standard is here, but many retailers are struggling with compliance-and even awareness.
August 1, 2007... It's not time for tough love yet. But card associations, banks and processors are in the heart-to-heart phase of dialogue with their card-accepting merchant clients about efforts to comply with the Payment Card Industry (PCI) Digital Security...

News Makers.(Brief article)
August 1, 2007... MFOUNDRY ON IPHONE; A MOBILE BANK JOLT It just didn't seem right that during Apple's launch of its latest Product of the Century, the iPhone (aka "GodPhone"), that the hysteria didn't include any mobile banking hype. Platform developer...

Payments: For Time Being, Mobile Payments are Grounded: Javelin says contactless cards and instore mobile payments will be held back until chips are embedded in mobile devices. After that, one might lead to the other.
August 1, 2007... Both merchants and payment firms stand to make out like legalized bandits as contactless payments and mobile transactions take off over the next few years-and it's more likely that the two methods will follow one another rather than compete....

Techies.(Brief article)
August 1, 2007... * Citigroup has promoted Richard Evans to head up its electronic execution business globally out of London. He will lead development and distribution for Citi's electronic execution services, including agency program trading, transaction cost...

Message Board.(Brief article)
August 1, 2007... "Vendor hype is ahead of our survey." Frank Gillett, vp and principal analyst, Forrester Research, on "green computing" environmental initiatives. "It's a three-legged stool." Matt Lawlor, CEO, Online Resources, on what makes...

eBill Pay: Bank Payment Gains Lacking in Presentment: Direct-biller dominance in billpay traffic is waning, but Forrester believes eBill views will remain banking's albatross in driving adoption in electronic bill pay and presentment.(Brief article)
August 1, 2007... The adoption gap between online banking and institutional billpay services is narrowing, but some puzzling misconceptions are holding steady with both users and banks, according to Forrester Research's annual look at the electronic bill pay and...

Brits' Smart-Card Trials Carry Lessons for U.S.: Shifting fraud patterns and high costs to merchants following the UK "chip & PIN" debut offer do's and dont's - for NFC, smart cards and payments gambits alike.(Interview)
August 1, 2007... When the UK introduced the "chip & PIN" credit/debit card to replace the signature-based version, it was supposed to be an advance against card fraud...until ingenious criminal gangs utilized skimmers, transmitters, and hidden cameras on ATMs...

Healthcare: Banks can cure docs' Payment docs: Automating healthcare transaction documents for payers and providers is a tough nut to crack, but there's a big opportunity for banks with a good payment platform.
August 1, 2007... When PNC's Paula Fryland rattles off medical transaction stats, it sounds like she's painting a daunting picture of a healthcare payments industry hamstrung by a muddled payments structure, an inefficient claims process and medical...

Workflow Management: Tellers Are Getting Call-Center Grades: The latest tech play in branch automation involves applying call center rep performance metrics to branch personnel to enhance sales and customer experience.
August 1, 2007... When banks realized the Internet wouldn't make branches extinct, a wave of initiatives followed to make branches more tech-savvy, customer friendly, and hopefully include shorter lines. But that was only part one of the branch automation...

Ten Tech Companies to Watch.
August 1, 2007... The challenges that banks face are legion. Meeting them takes intelligence, creativity, innovation. Banks that look for intelligent and creative tools-smart solutions across a variety of disciplines-from the most forward-thinking technology...

Disaster Recovery: Keeping Automated Trades Flowing: Operations like online and voice trading are more sophisticated, as are threats such as pandemics and terrorism. It's up to business continuity operations to keep pace.
August 1, 2007... For sophisticated securities operations, such as automated and voice-enabled trading, assessing threat levels go far beyond color-coded scrolls across the bottom of a 24-hour news network or a politician's "gut" feeling. Getting it right is a...

Anti-Money Laundering: Diligence is Getting Pretty Pricey: Proposed regulatory rollback from Hank Paulson and FinCEN is aimed only at small banks, while the big boys turn to richer solutions for compliance-related burdens.
August 1, 2007... As a share of the estimated $50 billion-plus pie of bank IT spending, the $147 million U.S. institutions spent on anti-money laundering compliance products last year was barely a flake of crust. Yet the headache of AML compliance is the...

Web Services Functional And Affordable.
August 1, 2007... A large international commercial bank-an institution that is also in the brokerage business-offers diversified financial services and is considered on the leading edge of technology adoption. The bank is building a new Web site to serve the...