News & Commentary
Content posted in May 2004
Banks Go Beyond Budgets For Compliance
News  |  5/31/2004  | 
Many financial institutions are overspending by duplicating compliance and disaster recovery efforts.
Big Deals
News  |  5/31/2004  | 
Check Imaging at ATMs Attracts Users
News  |  5/31/2004  | 
A decline in ATM deposits has banks using new technology.
’Best-of-Suite’ Business Model Drives Acquisition Boom
News  |  5/31/2004  | 
Banking software vendors are using acquisitions to meet a greater range of customer needs.
Farm Aid for Agricultural Lenders
News  |  5/31/2004  | 
FSA initiative promises to speed applications and bolster risk management practices for farmers and their lenders.
Love/Hate Relationship
Commentary  |  5/31/2004  | 
Our society's attitudes about and interaction with the Internet remind me of some kind of unhealthy personal relationship - not exactly puppy love, not exactly fatal attraction, but certainly too optimistic, obsessive and confused.
Balance of Power: Capital One’s Split-Focus IT Team
News  |  5/25/2004  | 
It takes both passion and rational thought to be a leader in new technologies such as grid computing, according to Roy Lowrance, CTO of Capital One.
XML Plays Big Integration Role for CompuCredit
News  |  5/25/2004  | 
When holders of CompuCredit's Aspire Visa and other credit cards called customer service, the calls were too lengthy and sometimes unproductive. The solution called for Web services.
Fedwire Offers Contingency Alternative to Largest Banks
News  |  5/25/2004  | 
The Federal Reserve will pilot SWIFTNet for connecting to the 350 banks that access Fedwire via a computer interface, as well as the largest 100 to 150 FedLine banks.
AML Technology: Effective (and Often Expensive)
News  |  5/18/2004  | 
Banks are turning to the new generation of AML software to improve their compliance efforts, even if they already have an older AML system in place.
Rules, Rules, Rules
News  |  5/18/2004  | 
Financial-services firms including Guardian Life and Huntington Bancshares face numerous compliance challenges.
News  |  5/18/2004  | 
Third acquisition in month rounds out strategy of creating one-stop processing and solutions source.
JPMC Prepares for Check Conversion Growth
News  |  5/11/2004  | 
In 2005, JPMC estimates that 3.1 billion checks will be converted into ACH transactions.
Breach of Trust
News  |  5/11/2004  | 
Data breaches are a constant threat and put companies in danger of losing their most valuable asset: customer trust
Banks Rethink the Small Business Resource Center
News  |  5/11/2004  | 
The Small Business Resource Center Is Dead... Long Live the Small Business Resource Center!
One Question For Greg Fusilli, The Bank of New York
Commentary  |  5/6/2004  | 
How is The Bank of New York using technology to improve its relationships with retail banking customers?
Vote Early, Vote Often
Commentary  |  5/6/2004  | 
How can banks restore the integrity and security of the electoral process?
Wealth Management
News  |  5/6/2004  | 
Affluent investors typically overlook banks as a source for personal financial advice.
Bristol & West Finishes FINEOS Implementation
News  |  5/6/2004  | 
CRM solution supports bank's cross-selling strategy.
News & Rollouts
News  |  5/6/2004  | 
WebMethods' Financial Frameworks; Lexmark's Business Document Printer; Paymentech's eCheckSelect; ABN AMRO Rolls Out Odyssey; Caixa Catalunya Deploys Accurate; Banque Populaire Taps Fair Isaac's Solution.
Greenfield Savings Goes Hard-Core
News  |  5/6/2004  | 
Massachusetts bank chooses Fiserv VISION to consolidate its core processing.
Hometown Bank Stores Paper Documents in the Circular File
News  |  5/6/2004  | 
By converting to a digital system, the bank saves time and money - and improves service.
First Command Bank Perks Up Loan Process
News  |  5/6/2004  | 
Bank uses an automated loan application solution to increase productivity of loan officers.
Comerica Competes by Kicking Up Check Processing
News  |  5/6/2004  | 
Bank uses Meta Software modeling tool to improve its check processing environment.
Banks Prepare Returns Processing for Check 21
News  |  5/6/2004  | 
Electronic check processing will speed transactions, cut costs and fight fraud.
The Bank Uses VECTORsgi Solution to Battle Kiting
News  |  5/6/2004  | 
Alabama-based bank turns to an all-in-one anti-fraud solution.
Answering the Call
News  |  5/6/2004  | 
Financial institutions continue to adapt cutting-edge call center technology to the needs of their very fussy customers. Here's a look inside some of the changing call centers they run.
Bulgarian Bank Modernizes Core Systems
News  |  5/6/2004  | 
International competition in prospective E.U. country calls for a new core.
Winner Take All
News  |  5/6/2004  | 
Merchants & Manufacturers Bancorp. consolidates core relationships.
Glacial Change No More
News  |  5/6/2004  | 
First National Bank Alaska activates new features for its commercial banking and real estate customers.
2004 Fed Forecast: Enhanced Electronic Payments
News  |  5/6/2004  | 
Claudia S. Swendseid, SVP of the committee, spoke with Bank Systems & Technology's Cynthia Ramsaran on the organization's goals for 2004 and what it is currently doing to move the financial services industry gracefully from paper to electronic checks.
Exec News
News  |  5/6/2004  | 
NACHA Names Miner; Foliage Finds Director; CBU Promotes New COO; InfoVista Selects SVP.
COCC and Green-Tech Take Out the Trash
News  |  5/5/2004  | 
Alliance helps banks dispose of PCs and customer data.
Misys and S1 Join Forces in 5-Year Pact
News  |  5/5/2004  | 
Vendors partner to extend international reach.
News  |  5/5/2004  | 
First Data Picks Providian; Logica Chooses A2iA; Wachovia Runs Hyperion; TecBan Taps NCR; US Bancorp Signs VeriSign; Bank of Jones Uses Brasfield; CIBC Contracts Relizon; AmSouth Expands with P&H
Bank Tech Expertise in Short Supply
News  |  5/5/2004  | 
Finding and holding on to top IT talent is a top priority.
High and Low: EPN Forges SWIFTNet and FTP Connections
News  |  5/5/2004  | 
Banks enjoy greater options for payments connectivity.
Banks and Associations Adapt To Increased Merchant Muscle
News  |  5/5/2004  | 
Issuers support PIN-based debit networks despite the potential impact on revenues versus signature debit.
Plays Well With Others
Commentary  |  5/5/2004  | 
The announcement earlier this month that Microsoft and Sun Microsystems not only had agreed on a legal settlement of their long-standing antitrust, patent and licensing disputes but actually had forged an interoperability agreement seemed almost anticlimactic.
Profitability and Risk Driving IT Architecture Shift, Say Capco and HP
News  |  5/3/2004  | 
Banks' batch-driven IT architectures aren't ready to handle the real-time needs of the industry.
Is There a Future for Payment-Oriented Smart Cards in the U.S.?
News  |  5/3/2004  | 
Since 1996, smart card advocates have been trying to make a case for smart cards as payment devices.
Tiny, Evil Things
News  |  5/3/2004  | 
Much like spam, spyware is a growing problem that's costing financial services firms such as Raymond James & Associates time and money.

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