News & Commentary
Content posted in October 2009
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Honor Roll: This Week's Top Bank Blogs (Oct. 25-31)
News  |  10/30/2009  | 
Our favorite banking technology-related blog posts from around the Web (October 25-31, 2009):
In Channel Projects, Banks Look for Simpler Solutions
News  |  10/30/2009  | 
In today's business environment, meeting customers' increasing service expectations is more important than ever. A comprehensive and seamless multichannel strategy -- one that includes the branch -- is critical for survival.
HSBC Leverages Online Commenters in Marketing Campaign
News  |  10/30/2009  | 
HSBC has teamed with blog and article commenters on nymag.com as part of the bank's recent marketing campaign.
Huntington Bank Appoints James J. Plum Director of Consumer Lending
News  |  10/29/2009  | 
Huntington Bank appoints James J. Plum Director of Consumer Lending.
The BS&T Elite 8 In Motion
News  |  10/29/2009  | 
Couldn't make it to the 2009 Bank Systems & Technology Executive Summit? No problem. Our mini series of videos captures some of the highlights of the Summit, such as the Elite 8 awards ceremony, the first in our showcase.
The Pay Master May Not Be So Comfy With His Role
News  |  10/29/2009  | 
I think America's financial institutions might be able to sigh with relief after hearing what the "pay master" Kenneth Feinberg told the House Financial Services Committee. Well, all but septet of banks and auto companies already under his domain.
A New Era of Banking: Meeting the New Era of Customer Demand
News  |  10/28/2009  | 
By Jerry Driscoll, HP Exstream From the Troubled Assets Relief Program (TARP) to President Obama's call for a "New Era of Responsibility," the market shift among financial institutions extends beyond Capitol Hill's call for greater accountability and regulation to a new era of customer demand calling for integrity, transparency and better communication.
Northwestern Bank Selects Image Processing Platform
News  |  10/27/2009  | 
Northwestern Bank has selected the Summit.NET check image platform for item processing services.
ING to Divest ING Direct
News  |  10/27/2009  | 
ING has announced that it will divest its Internet bank, ING Direct USA, as part of a restructuring plan to separate its banking and insurance businesses required by regulators.
The Search for Stability: Bank Tech Vendors Have Found It
News  |  10/27/2009  | 
If I read one more account of banks failing to get out from under the banking crunch, I think I'll revert to the First Local Mattress at Home. Bank tech is my business so here's what I see for the Big Three.
AnswerMine Launches Mortgage Analytics Service
News  |  10/26/2009  | 
AnswerMine Group has released the Mortgage Analytics Service, an analytics-based solution for targeted mortgage restructuring, mortgage portfolio valuation and risk management.
Careful Planning Goes a Long Way in Mitigating Software Upgrade Risk
News  |  10/26/2009  | 
By Rob McWalter, ConverterTechnology Enterprise software upgrades pose a significant risk to banks. Software migrations rarely go smoothly, and most banks' IT staffs are ill-equipped to deal with the fall-out. File links break. Macros go haywire. Spreadsheet formulas stop working. And system downtime is a major business liability.
Honor Roll: This Week's Top Bank Blogs (Oct. 18-24)
News  |  10/23/2009  | 
Our favorite banking technology-related blog posts from around the Web (October 18-24, 2009):
Banking Is Just Too Complex for Some Consumers
News  |  10/23/2009  | 
Banks. Who needs them, right? Well, apparently not the protagonist in this video. Balancing checkbooks, ATMs and credit reports are for the birds, as far as he's concerned. Disclaimer: Not all writers are like this. Really.
Microsoft Unveils Windows 7
News  |  10/22/2009  | 
The big news in software this morning is that Microsoft has launched Windows 7, the latest version of its computer operating system.
Here Come the Pay Cuts-Half Pay for Many Execs
News  |  10/22/2009  | 
Pres. Obama's pay czar Kenneth Feinberg has decreed that the top 175 executives at those firms receiving large amounts of bailout money will have their compensation cut in half.
SAP Appoints Don Trotta New Head of Global Financial Services
News  |  10/21/2009  | 
SAP appoints Don Trotta new head of Global Financial Services; responsibilities include product strategy, development and market positioning in banking and insurance.
Alternative Payments Vendors That Embrace Triangle of Value are in the Driver's Seat
News  |  10/20/2009  | 
By Bruce Cundiff, Javelin Strategy & Research Due to recent decline in credit card usage and consumers adopting real-time banking strategies, alternative payment solutions are becoming exceedingly mainstream and gaining market share. Alternative payments vendors are taking advantage of the "perfect storm" of economic and competitive factors affecting the payments landscape, and are continually gaining momentum within our existing payments system.
Making the Case for Big Banks
News  |  10/20/2009  | 
A Columbia Business School finance professor writes in The Wall Street Journal that limiting the size and reach of financial institutions could have dire consequences on a global scale. For the entire piece, see In the World of Banks, Bigger Can Be Better.
The BS&T Elite 8 Awards Ceremony
The BS&T Elite 8 Awards Ceremony
Bank Systems & Technology Videos  |  10/20/2009  | 
The Bank Systems & Technology Elite 8 banking technology leaders were honored at an awards ceremony at the Executive Summit in October of 2009.
Elite 8 on Growth in Banking
Elite 8 on Growth in Banking
Bank Systems & Technology Videos  |  10/20/2009  | 
Bank Systems & Technology Elite 8 honorees talk about where they see growth opportunities for their banks.
Elite 8 on Technology Innovation Investment
Elite 8 on Technology Innovation Investment
Bank Systems & Technology Videos  |  10/20/2009  | 
Bank Systems & Technology's Elite 8 honorees discuss investment in technology innovation.
U.S. Bank Selects Rockall's STOC Solution for Enterprise Collateral Management
News  |  10/20/2009  | 
U.S. Bank selects Rockall's STOC solution for Enterprise Collateral Management; system will provide bank with automated valuation and monitoring that helps reduce risk, improve regulatory compliance.
Bernanke Says Trade Imbalance Can Threaten Economic Recovery
News  |  10/20/2009  | 
Federal Reserve chairman Ben Bernanke said that if the trade gap between the U.S. and China did not shrink that the world economic recovery would be in danger.
If Bank CEOs Deserve $xx Million Per Year, CIOs Should Be Paid 1.5 Times That Amount
News  |  10/20/2009  | 
I just checked my list of top 142 bank CIOs, and I don't know any of them personally. So rest assured, no one paid me to write this blog. In fact, no one paid for any of the previous 225 blogs. I'm on my own here.
Heartland Calls for End-to-End Encryption, Cooperation to Prevent Data Breaches [VIDEO]
News  |  10/19/2009  | 
After falling victim to one of the biggest data breaches in history last year, Heartland Payment Systems chose to talk, not hide. Fritz Nelson, executive producer, Techweb TV, caught up with Kris Herrin, Heartland's CTO, while at the Bank Systems & Technology Executive Summit in Pasadena. Kris was one of the featured speakers at the show. In this video, he discusses the sophisticated nature of t
ING Belgium Selects Cash-Recycling ATMs for Branch Concept
News  |  10/19/2009  | 
ING Belgium will equip its new-concept branches with NCR SelfServ 34 ATMs, featuring cash-recycling functionality.
Convergent Payments and SOA Technology Can Generate Revenue, Reduce Costs
News  |  10/19/2009  | 
By George Warfel, Fiserv Controlling and reducing payment processing costs and boosting payments revenue have become critical as financial institutions suffer from the loss of lending revenue due to the credit crisis. Managing payment channels in separate silos on disparate technology platforms causes redundant work and expense. By implementing a convergent payments system to handle all payment types, a financial institution can dramatically reduce payment processing costs and offer ne
Trojan Planted in Fake E-mail from IT Dept. Designed to Steal Info From Businesses
News  |  10/16/2009  | 
Trusteer issues a warning to IT departments to be aware of a new phishing attack aimed at enterprises and their confidential information.
Honor Roll: This Week's Top Bank Blogs (Oct. 11-17)
News  |  10/16/2009  | 
Our favorite banking technology-related blog posts from around the Web (October 11-17, 2009):
Lewis Ruling and Growing Influence of Govt. on Private Sector
News  |  10/16/2009  | 
I couldn't help but reflect further on the news about Ken Lewis and his salary-the fact that he wont' get one.
No Salary, Bonus for Ken Lewis
News  |  10/16/2009  | 
Fifth Third Bank Expands Footprint With Web-Based RDC Offering
News  |  10/15/2009  | 
By shifting to a thin-client RDC offering, Fifth Third Bank has been able to accelerate efforts to grow deposits and expand its geographic footprint.
Oracle Launches Solution for Enterprisewide Stress Testing
News  |  10/15/2009  | 
Oracle Financial Services Software has announced the availability of Oracle Reveleus, an enterprise risk analysis solution.
Heartland Breach: Lessons Learned
Heartland Breach: Lessons Learned
Bank Systems & Technology Videos  |  10/15/2009  | 
Heartland Payment Systems suffered a major security breach at the hands of Russian Hackers. It sent shockwaves through the industry. We talked to CSO Kris Herrin about the attack and what's being done at Heartland and across the industry.
TowerGroup Acquired by CEB
News  |  10/14/2009  | 
Rapid Reporting Releases Verification of Deposit Service
News  |  10/14/2009  | 
Rapid Reporting has launched AccountChek, an electronic verification of deposit service.
For Online Business Banking, Shun Windows?
News  |  10/13/2009  | 
As if Microsoft wasn't getting hammered enough in technology circles over security flaws in Windows, now comes this article from The Washington Post saying small and midsize businesses should not use Windows for online banking.
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