Federal Reserve Takes a Bath on Paper Checks
Declining check volumes, and the prospect of more to come as a result of Check 21, has led the Federal Reserve to predict a sharp increase in the price of paper-based payment services.
Why Online Banking Is Like a Box of Chocolates
While most top banking sites offer the core features associated with online banking like account history and bill payment, there are significant variations in what these institutions offer to consumers in terms of actual functionality and usability.
Banks In Need of Payments Czars
At a time when dramatic changes and challenges are hitting the payment space, banks should empower a senior executive with enough clout to execute an enterprise-wide payment strategy.
Laggard Firms Face Liability on Do Not Call
Last week's federal appeals court ruling on the Do Not Call Registry made suddenly real the possibility of penalties to financial services companies for failure to comply.
BI Market: Greater Need, Fewer Choices
A recent flurry of merger-and-acquisition activity among business-intelligence companies not only presages even more buyouts but complicates purchasing and planned BI investments.
CIP Hits the Street
October 1 brought more than the Autumn chill to Wall Street. It was also the deadline for Section 326 of the USA Patriot Act, requiring financial institutions to implement customer-identity-verification procedures for all new accounts.
Bob Evans, Editor-in-Chief at InformationWeek, stirred up a rabid reader response when he defended the practice of offshore outsourcing as a fact of life in a July 28 editorial.
SWIFT Has 'Deep' Relationship with Regulators
After starting his career with Banc Agricol in Spain, Lazaro Campos joined SWIFT in 1987. Campos spoke with BS&T senior editor Ivan Schneider about business continuity, regulatory compliance, and know-your-customer regulations.
Big Concerns: New Financial Regs
The new crop of regulations have financial institutions scurrying to find the technology and workforce resources necessary to comply.
Compliant, Not Complacent
FleetBoston Financial's CCO is among the new generation of compliance executives who understand the value of working with IT.
Yodlee Opens Portal to Biller-Direct EBPP
Yodlee's new "BillDirect" service will provide a standardized interface for connecting to the "biller-direct" Web sites of almost 2,500 service providers--lenders, credit card and mortgage companies--as well as non-financial billers such as mobile phone, cable television and long-distance companies.
One step forward, one step back. That's the way I often feel about my dealings (as a consumer) with banks.