Bank Technology News articles from January 2004

Bank Technology News archives from January 2004

Branch Automation: A Bank for the Next Century: Umpqua and others are going high tech.(Umpqua Bank's Pearl Street branch in Portland, Ore.)
January 1, 2004... Picture this: as you walk into the bank lobby, a flat screen TV beams the latest financial news. Soothing music rises as you continue inside toward a grand space of high ceilings and modern decor. If there are no vacancies at the computer cafe,...

Instant Messaging: IM Regs Loom For Wall Streeters.
January 1, 2004... Until SEC acts, firms follow NASD guidelines instant messaging has become an instant hit in the capital markets arena, with more than 80 percent of traders using it to some extent, and firms are battling internally over how best to comply with...

Mortgage: E*Trade's Moving Mortgage Parts: Risk tech boosts portable mortgage biz.
January 1, 2004... E*trade is one of the few financial institutions-if not the only one-that's selling a new mortgage product that uses the latest in risk management technology to offer borrowers the chance to keep today's near-record-low mortgage rates for the...

By The Numbers.(Typical Web Customer Is Not Who You Think)
January 1, 2004... Typical Web Customer Is Not Who You Think Sure, he's Young-and cheap Banks aren't just looking at current on-line customers, but those who are potential clients. Copyright 2004 Thomson Media Inc. All Rights Reserved....

Editor's Note.(correction)
January 1, 2004... BTN incorrectly identified Wells Fargo's Michael Graham, vp of distribution strategies and service group, in the feature "Workforce Optimization" in the December 2003 issue. BTN regrets the error. Copyright 2004 Thomson Media Inc. All...

Firing Line: Promises, Promises. A Fresh Start in the New Year.(banking industry)
January 1, 2004... No one talks about new year's resolutions anymore-a signal that people have either given up making promises too grandiose to keep, or have become smarter in achieving their goals and leaving the proclamations of what's to come for those...

....NewsMakers....NewsMakers....NewsMakers....
January 1, 2004... Fidelity Info Buys CDS Fidelity Information Services, a division of Fidelity National Financial, has acquired Customized Database Systems. CDS offers front-office software for the loan syndication and trading markets. The merger creates...

Security: New PayPal Virus Quakes Industry: Firm to release anti-virus client software soon.
January 1, 2004... Paypal is fighting off a new e-mail worm, Mimail.J, which displays a fake PayPal credit card verification window to accountholders. Industry observers, noting that 10 new viruses are found daily on the Web, say Mimail indicates a new breed of...

Top Tech Deals.
January 1, 2004... 1. CheckFree and Bank of America have rewritten their EBP contract to compensate for higher growth, adding new pricing and service. 2. Hewlett-Packard signed a $600 million contract for global IT services with Bank of Ireland, its largest...

CheckFree Web 4.0 Hits Street for Bank Clients.(Checkfree Corp.)
January 1, 2004... Checkfree corp. has released the 4.0 version of its electronic billing and payment technology platform and service, CheckFree Web. The new version makes it easy for consumers to move from enrollment and setting up bill-paying to scheduling and...

Odds & Ends.
January 1, 2004... Mobile Sense, a U.K.-based wireless payment provider, has licensed Sanchez Profile, an integrated, on-line core banking product marketed by Computer Associates. The Sanchez/Mobile Sense product will begin accepting mobile "top up" transactions...

Hole in Linux Lining Closed with Patches.
January 1, 2004... Linux has been winning friends in the financial services business over the past couple of years with its cost-cutting platform that can be used for not only e-mail, file and print servers, but also for chunkier functions like trading and...

Techies.
January 1, 2004... Ray Thompson was named director of information technology at Barclays Capital, the investment banking division of Barclays PLC, where he will oversee financial management and project planning. He reports to P.J. Di Giammarino, a director and...

Message Board.
January 1, 2004... "The job of call center worker is seen as a prestigious job [in many overseas countries]." Janey Place, digitalthinking.com on the popularity of call center job in overseas outsourcing hotspots such as India and China, as opposed to the...

Singing the Praises Of Applied Science.(Janey Place, president and CEO of digitalthinking.com)
January 1, 2004... The latest strategies in financial services technology often seem to lack the adventurous nature of former initiatives, and at times it appears the only projects getting greenlighted are ones designed to lighten the cost of operations, fight...

Credit Cards: Processing and Service Linked: TSYS says its TS2 platform helps banks halve the time to bring new products to market. Just ask Bank One.
January 1, 2004... Industry experts who are expecting a slowdown in the credit card industry during the next 10 years, advise banks to form strategic partnerships to help develop new products and gain market share. Bank of America was looking to do just that when...

UK's Big Three Take Their Hacks at Selling E-Billing.
January 1, 2004... Crm has emerged as a major competitive weapon for Canada's biggest banks. Hemmed in by anti-merger regulations, they have been installing CRM systems that are ahead of the technology used by banks south of the border. "Canadian banks are...

Bright Ideas: Financial services firms are deluging the U.S. Patent and Trademark Office with applications, which soared 15-fold between 1995 and 2002. Patent attorney dale lazar urges banks to get in line: converting valuable ideas into assets can pay off big time.
January 1, 2004... Like the gold rush of late 1840s, financial services prospectors are rushing to stake their claim to their firms' intellectual property, flooding the U.S. Patent and Trademark Office with applications since the turn of this century. ...

Number of Patents and Published Applications in the Financial Services Industry*.
January 1, 2004... Citibank/Citicorp 63 Visa 35 Merrill Lynch 24 CheckFree Corp. 22 InterTrust Technologies Corp 21 American Express 19 ...

Imaging: Nat City's New Image.(National City Corp. )
January 1, 2004... Financial institutions are embracing imaging in a variety of ways, with National City Corp. choosing to marry the newest technology with one of the most modern delivery channels by allowing customers to view and print images of their checks...

BM Solutions Decides on Mortgages in 60 Seconds.
January 1, 2004... Playing catch-up to mortgage lending practices of the US, one major UK lender has just announced the One-Minute Mortgage service, which promises a loan response to eight out of 10 applicants in about a minute. BM Solutions, the on-line...

ATMs: Going TCP/IP: Too Pricey?(automated teller machines)
January 1, 2004... Before the Web dazzled millions with its ubiquity and convenience, there was the automated teller machine. Years later, the ATM market has more than matured and banks are starting to wonder whether an Internet-esque makeover is in order....

Wells and Others Ponder New Uses for Web Video.
January 1, 2004... It all began with videoconferencing. But as the Internet and other IP-based networks have proliferated in recent years, the cost and simplicity of video and multimedia communications-combined with massive processing power at the desktop-may be...

Compliance Survival Tips For Banks.(Column)
January 1, 2004... Okay, your firm is now complaint with the Patriot Act. Your team reached the first milestone on October 1, the deadline for the Section 326 Customer Identification Program. So now what? It's finally time to step back and really look at what is...