News & Commentary
Content posted in October 2006
Coinstar to Enable Direct Deposit of Coins
News  |  10/31/2006  | 
Coinstar Direct Coin Deposit service a potential customer retention/cost saver for banks.
http://www.forums.channelweb.com
News  |  10/31/2006  | 
IT services firms Capgemini and Kanbay to merge in $1.25 billion deal.
Stock market performance reaches a high that most bank tech stocks would love to copy
News  |  10/30/2006  | 
By Art Gillis There are hundreds of checks and balances I use in the selection of the best core apps solution for a client. The price of a vendor's stock is not one of them. And what I know about the stock market is like what a pharmacist knows about brain surgery. "Whadya got for a headache?" "Let me open your skull to see what's wrong." But I confess to keeping track of bank tech stocks in my report "Automation in Banking." Prices are tracked from April to April. Having noticed the D
An Image of the Future
News  |  10/27/2006  | 
Hancock Bank turns to document imaging to cut storage costs and prepare for growth.
Web Watch
News  |  10/27/2006  | 
Trading on the Grid
News  |  10/27/2006  | 
ABN AMRO deploys GridServer for derivatives trading.
New Products
News  |  10/27/2006  | 
KeyBank Finds a Better Way to Branch With MapInfo
News  |  10/27/2006  | 
KeyBank standardizes branch decision making with MapInfo market simulation model.
Banks Redoubling STP Efforts in Lending Practices
News  |  10/27/2006  | 
Banks are redoubling straight-through processing efforts in lending to cut costs and improve customer service.
Web 2.0 Summit: Wall Street Becomes One Big Social Network
News  |  10/27/2006  | 
Banks are tapping SOA to achieve multichannel integration, enabling seamless customer service, increased speed to market and accelerated organic growth.
BS&T Holds First Executive Summit
News  |  10/27/2006  | 
Bankers gather for BS&T's first Executive Summit.
Offshore Vendors Inconsistent on Security Controls
News  |  10/27/2006  | 
The lack of formalized security controls in offshoring contracts can hurt data protection, BearingPoint says.
http://www.informationweek.com/
News  |  10/27/2006  | 
Generational differences in customer segments are prompting banks to rethink channel strategies.
Bankers See SEPA Benefits, But Most Not Ready to Make Transition
News  |  10/27/2006  | 
Accenture's SEPA survey reveals an industry that sees a brighter future, but also harbors doubts about how to get there.
Executive News
News  |  10/27/2006  | 
Bharosa Introduces Fraud Fighting Network
News  |  10/27/2006  | 
Bharosa introduces a networked approach to fighting fraud.
Big Deals
News  |  10/27/2006  | 
Digital Insight, Metavante Deal Enhances Payments Landscape With A2A Tranfers Capabilities
News  |  10/27/2006  | 
Digital Insight taps Metavante to expand payments offerings.
NCHA Offers Check Security Feature Registry
News  |  10/27/2006  | 
Creates registry to verify security features on checks.
Health Savings Account Market Is Expanding
News  |  10/27/2006  | 
Banks win big with new bill that raises HSA contribution limits.
Debate Down Under
Commentary  |  10/27/2006  | 
In the world of payments, it's the proverbial best and worst (or, at least, most challenging) of times.
Researchers Expose Contactless Credit Card Flaws
News  |  10/24/2006  | 
Information including names, card numbers, and expiration dates can be gleaned from credit cards with just around $150 worth of gear, according to a report released this week.
Chile Positions Itself As IT Outsourcing Location
News  |  10/23/2006  | 
The Latin American country is mounting an aggressive campaign to attract more high-tech customers. Many U.S. operations have already established business beachheads in Chile.
Study: Data Breaches Becoming More Expensive
News  |  10/23/2006  | 
The 2006 average was $182 per compromised record, including the cost of detection, escalation, notification, and follow-up help to victims. The Ponemon Institute's 2005 study cited a figure of $132 per record.
The Best And Worst Cities For Data Centers
News  |  10/20/2006  | 
A new report looks at 35 cities as potential homes for data centers and analyzes which are the most and least expensive.
Businesses Apply New Metrics In Measuring IT's Value
News  |  10/20/2006  | 
CIOs look beyond ROI to gauge customer interactions, sales impact, and tech-driven innovation.
Software To The Rescue For SOX And HIPAA
News  |  10/20/2006  | 
Still, technology is no substitute for knowledge for keeping in compliance with government regulations.
My 11 picks for core solutions
News  |  10/16/2006  | 
By Art Gillis I am pleased to offer banktech.com/blog readers my 11 picks, along with the following explanations:
  • I'd have to retrieve the work papers for the 300 client assignments in order to provide the reasons each winner scored the strongest relative to the criteria that were most important at each bank. That's not a task I want to spend months on right now.
  • The 11 picks were winners the day I delivered my recommendations and they are still proving it today at those ban
Outsourcing Sizes Up Smaller Deals
News  |  10/12/2006  | 
The number of outsourcing contracts topping $500 million is declining, which smaller contracts of less than $250 million are rising dramatically, an IDC report says.
Basel II Drives ERM
News  |  10/6/2006  | 
The consensus among bankers and experts is that Basel II is the driving force behind enterprise risk management (ERM). By January 2008, Basel II guidelines will be required for U.S. institutions with $250 billion or more in assets or $10 billion or more in foreign assets.
Big Deals
News  |  10/6/2006  | 
Converged Communications
News  |  10/6/2006  | 
Traditionally touted for their cost savings and enhanced functionality, Voice Over Internet Protocol (VOIP) and IP telephony now are helping banks to improve resource management, business continuity, customer service and overall performance.
Delegation of Duties
News  |  10/6/2006  | 
Mid-State Bank & Trust cuts customer statement production and mailing time in half.
Need Cash? Texting Service Locates ATMs
News  |  10/6/2006  | 
A new cell phone service from MasterCard sends users the location of the nearest ATM via SMS text messaging.
Treasury Management Technology: Businesses Look to Banks
News  |  10/4/2006  | 
Banks can play a role in streamlining corporate treasury management, says new Celent report.
September Was A Good Month For Tech Workers, Survey Finds
News  |  10/4/2006  | 
Job confidence slid in Hudson's national index last month, but IT and telecom pros were optimistic about their job prospects, job security, and personal finances.
NCHA Offers Check Security Feature Registry
News  |  10/3/2006  | 
Security feature registry designed to help FSIs and merchants to verify security features on checks.


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