Bank Technology News articles from September 2007

Bank Technology News archives from September 2007

Edit Index.
September 1, 2007... A ABN Amro 34, 39 Acxiom 32 Allen, Catherine 18 American Express 8, 26 America's Community Bankers 17 Andreessen, Mark 17, 20, 30 Archipelago Holdings 24 B Bank of America 11, 17, 22, 26 ...

Twenty Years, Each With Its Own Set of Highlights.
September 1, 2007... As kid and wannabe journalist, I was fascinated by people, events and legacies that bring about change. It didn't matter whether the coverage was in Time, Life, Fortune or The New Yorker, I was mesmerized by every detail; each story transfixed...

Mergers: Conflicts Becoming A Core Reality: Fiserv's buy of CheckFree could spark challenges in banks' vendor management.
September 1, 2007... Fiserv's planned buyout of CheckFree is possibly the capstone deal of a bank technology merger trend propagated for the past year. Could it also one day be known as the deal that ultimately buried independent, pure-play options for banks? ...

News Makers.(Brief article)
September 1, 2007... TRY, TRY, TRY AGAIN-AMEX A SLOW STUDY What was as staggering as the $65 million fine against American Express for anti-money laundering and SARS violations with its travel services and international banking units was that, according to U.S....

ATMs: Pushing the Envelope, Straight into the Dustbin: Wells Fargo and Bank of America are among the banks slowly deploying technology that allows for envelope-free cash deposits, a move that could shorten lines at branches.
September 1, 2007... The prevailing wisdom is that bank customers use ATMs to take money out of their accounts, but not so much to put money back in. But some banks are trying to reverse that by using image-capture to allow customers to make deposits at ATMs...

Remote Capture: Banks Go with Slo-Mo Intro To Remote Deposit Service: Banks worried about how clients handle paper are treading softly in setting up remote capture installations. But they're still carrying great expectations for the enterprise.(Brief article)
September 1, 2007... The move to bring remote deposit services on-line for commercial banking clients has so far been more about setting the dinner table rather than providing a hot dish. According to Celent's recent update on the state of RDC, the number of...

Twenty-Twenty Vision: The passage of time always brings change. Nowhere in business has change been more profound over the past 20 years than in banking. From the days when in-house technology was developed by the institution, for the institution, to the realization that the network is the money, BTN presents some of the industry's most advanced-and advancing-moments.
September 1, 2007... * with * Personalities By Michael Sisk Page 20 Institutions By Michael Dumiak Page 26 Technology Companies By John Adams Page 30 Innovations By Glen Fest Page 34 Time Line By Lee Conrad, Rebecca Sausner and Michael Dumiak...

Personalities.(John Reed CEO of Citigroup)(Bill Gates CEO of Microsoft Corp)(Peter Kight CEO of Checkfree)
September 1, 2007... Technology innovation doesn't happen because of faster processors or larger memory banks. It happens because human beings have vision of how to do things better, or sense a need that technology can fill-and, maybe, that might be an opportunity...

Institutions.(Company overview)
September 1, 2007... When it comes to using technology in business, it's as much about strategy and culture as it is about the right software. These financial firms have proven adept at making innovation part of their DNA. * WELLS FARGO * Whenever...

Tech Companies: From payments to core processing to Web banking, advances have always relied on innovative platforms. These firms stood out in the race to enable an unprecedented modernization in financial services.
September 1, 2007... 1 CHECKFREE Paying bills online is easy now-two thirds are paid this way-but in 1981 it was wishful thinking. It took CEO Peter Kight's unique vision to peer into the future and see theory as mainstream. CheckFree began using Bank One's...

Innovations: These rollouts were aggressive, original and hit the sweet spot for thousands of banks faced with the pressures of expanding share at a time marked by new competitors, new rules and new threats.
September 1, 2007... INTERNET BANKING Security First Network Bank It was all in the family in 1995 when Cardinal Bancshares' CEO James "Chip" Mahan in Kentucky joined brother-in-law Michael McChesney, head of Five Paces Software, to push the concept of the...

Years.(Microsoft and IBM to partner)(Pitney Bowes to introduce video processing system)(Sumitomo in war over smart cards)
September 1, 2007... 1987 Microsoft and IBM jointly release OS/2. CompuServe-at this time owned by H&R Block-is the dominant on-line provider in the United States, offering proto e-mail and charging dial-up rates by the hour. It starts to offer...

The Harm Behind Spam.
September 1, 2007... Every day I come home and find my mailbox crammed with catalogues and fliers announcing sales and promotions by numerous retailers. Because my wife and I have been customers of most of these retailers and they know how to contact us, it's easy...

The Users Take Control.
September 1, 2007... "What is the most significant trend or event of the past two decades?" When first asked this question, I was very tempted to just write "The iPod." Those who know me wouldn't have been surprised-I have been an Apple fanatic since well...

Mobile Banking Needs A Leader.
September 1, 2007... Our tendency is to overestimate the impact of technology in the short term and underestimate it in the long term. During the 1990s the Internet was the Wild West. Banks weren't sure whether Internet ISPs and portals would pay them for content...

Pay And Settle At Warp Speed.
September 1, 2007... Einstein surmised in his theory of relativity that you could not travel faster than the speed of light, but you could travel just as fast. With this in mind, who would have thought that the principles of light speed and the principles of...

The Web: Mature, Yet New.
September 1, 2007... It is 1990. Every interaction with a bank requires a wait, often during limited hours, or going to a physical location. One either waits in a teller line or on the phone with a call center, or one has to find an ATM. Market share is tied to...

Remotecapture Is Big For Biz.(Viewpoint essay)
September 1, 2007... When I started my career in this industry 22 years ago, banks had made the transition from ledger cards to "real" computers and the focus was on delivering technology to make the overall process faster. A few years later, check imaging was the...

Wishes for the Next Twenty.
September 1, 2007... With an on-demand philosophy ruling the world of finance these days, the top 20 things we'd like to see from bank technology offerings in the next 20 years are, not surprisingly, more customer-focused than they are technically oriented. But...