News & Commentary
Content posted in October 2010
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Nation's Finance Execs Concerned About Cash Flow, TD Bank Survey Finds
News  |  10/29/2010  | 
What's keeping chief financial officers up at night as they look ahead to 2011? Apparently it's not the state of the economy, according to a TD Bank survey, but rather the challenge of managing cash flow that's causing anxiety among CFOs and other finance managers at mid-sized businesses across America.
Sprint Mobile Wallet Brings Payments to Mobile Phone Customers
News  |  10/29/2010  | 
Sprint is moving into the mobile payments space with Thursday's announcement of the cell phone provider's upcoming Sprint Mobile Wallet capability.
Elizabeth Warren Says Technology Is Key for Consumer Agency
News  |  10/29/2010  | 
Monitoring and business intelligence tools will help the new government agency detect and correct problems, Warren says.
Open Data Center Alliance Will Help Prevent Vender Lock-In, UBS' Andrew Feig Says
News  |  10/29/2010  | 
The 70 corporate members of the Open Data Center Alliance will make their technology demands known to vendors through a series of road maps.
SunTrust, BB&T Lead Keynote Consumer Online Banking Survey
News  |  10/28/2010  | 
Two of the most effective banking websites belong to Atlanta-based SunTrust Banks and Winston-Salem, N.C.-based BB&T, according to a comprehensive research study conducted by Keynote Competitive Research Studies, a subsidiary of mobile and Internet solutions provider Keynote Systems.
Most Execs See Their Organizations Moving To Cloud Services Within Two Years, KPMG Survey Says
News  |  10/28/2010  | 
Cloud computing popular with Oracle show attendees, in spite of Larry Ellison's initial hostility to the idea.
SunGard Upgrades Core Banking User Interface, Teller Platform
News  |  10/28/2010  | 
Teller platform lets tellers toggle between fast-service mode and consultative sales mode.
MicroStrategy and Teradata Roll Out Multi-Channel Customer Analytics for Banks
News  |  10/28/2010  | 
Teradata's data warehouse and enterprise analytics software mix with MicroStrategy's dashboards.
PCI Card Security Standard, Updated Today, Needed Few Changes, PCI Council GM Says
News  |  10/28/2010  | 
No major changes, but clarifications have been made to the broadly adopted card data security standards. General manager Bob Russo urges banks to find all credit card data in their network and monitor their logs.
SWIFT Announces Release 7.0
News  |  10/27/2010  | 
Global financial messaging services provider SWIFT today at Sibos announced its next major release, which will be rolled out in 2011.
SWIFT Launches Digital ID Product for Banks' Corporate Accounts
News  |  10/27/2010  | 
Hopes that 3SKey will become universally adopted by banks and their treasury management clients; five large French banks have been piloting the system.
J.P. Morgan Announces Executive Appointments for Treasury & Securities Services Business
News  |  10/27/2010  | 
J.P. Morgan announces executive appointments for Treasury & Securities Services Business: Donald McCree heads Treasury Services; Tom DuCharme and Claudia Slacik named regional CEOS; Dan Taylor joins bank as Executive Director on Global Market Infrastructure team.
Citi CEO Pandit Applauds Intent of New Regulation, But Cautions That Basel III is Not Enough
News  |  10/27/2010  | 
While Dodd-Frank and the CARD act have paved the way for a new level of consumer protection, U.S. financial institutions will have some uncertainty as to their affect until the regulators solidify the rules behind them. Where in some cases Basel III is a step in the right direction, in others it could potentially make matters worse, Citigroup CEO Vikram Pandit said.
Spanish Bank Deploys Accenture Core Banking Platform
News  |  10/27/2010  | 
Savings bank Caja de Ahorros del Mediterrneo seeks to streamline operations and provide faster customer service.
IT Spending to Return to Pre-Recession Levels, Research Firm Says
News  |  10/27/2010  | 
Optimism blossoms among 133 Fortune 1,000 CIOs surveyed; business intelligence, collaboration and integration on 2011 shopping lists.
USAA Bank Teaming with PayPal for Mobile Payments
News  |  10/26/2010  | 
P2P payment app, slated to be released in mid-2011, will let USAA members pay friends, family, babysitters, etc., through their mobile phone.
PayPal Unveils Online Micropayments
News  |  10/26/2010  | 
Facebook and FT.com have signed up to let subscribers make small purchases online via PayPal.
New Fiserv Teller Software Aims to Increase Customer-Centricity
News  |  10/26/2010  | 
Financial services technology provider Fiserv, Inc. today announced its latest branch solution, which brings branch tellers several tools to facilitate cross-selling and the ability to perform more functions to serve customers.
J.P. Morgan Expands Securities, Treasury Services
News  |  10/26/2010  | 
J.P. Morgan announced Monday during Sibos an expansion of its direct custody and clearing capabilities, as well as expanded global payment capabilities.
Deutsche Bank Expands Remittance Offering with Addition of Four Key Markets
News  |  10/26/2010  | 
Deutsche Bank expands remittance offering with addition of Korea, Philippines, Poland, Turkey; strategic partnership with Itau Unibanco will expand offerings in Brazil.
SWIFT Launches "For Dummies" Book to Promote ISO 20022
News  |  10/26/2010  | 
Putting the fun back in ISO messaging standards.
PayPal, VeriFone Collaborating on Mobile Payments at the Point of Sale
News  |  10/26/2010  | 
Will promote merchant acceptance, as well as P2P payments via iPhone bumping.
Credit Unions — 1970s Good Attitude, 21st Century Technology
Commentary  |  10/26/2010  | 
Why credit unions are the new banks.
BNY Mellon Shows Off New TreasuryEdge Platform at Sibos
News  |  10/25/2010  | 
New York-based Bank of New York Mellon today announced it will be previewing TreasuryEdge, a new electronic banking platform from BNY Mellon Treasury Services, during the Sibos 2010 event in Amsterdam.
Fundtech Announces Mobile Corporate Banking Platform
News  |  10/25/2010  | 
Jersey City, N.J.-based banking software provider today at Sibos announced Mobile ACCESSplus, a mobile platform designed specifically for corporate electronic banking.
Misys to Deliver Banking Apps on Microsoft's Cloud
News  |  10/25/2010  | 
Core banking, other apps to be delivered on-demand via Azure.
Most Corporations Want to Use Mobile Banking, Survey Finds
News  |  10/25/2010  | 
Aite Group and Fundtech report shows 65% of treasurers interested in adopting mobile services and over half willing to pay for them.
Starbucks Expands Mobile Payment Test to New York City
News  |  10/25/2010  | 
Customers with BlackBerry Smartphone, iPhone or iPod touch and the Starbucks card mobile app can pay by phone at 300 Starbucks in New York and Long Island.
Setting Priorities and Budgeting for 2011
Commentary  |  10/24/2010  | 
How can banks make the annual budget-crunching process a thoughtful effort, rather than a reactive one?
Pacific Continental Bank Uses Fraud Analytics to Protect Small Business Online Banking Users
News  |  10/22/2010  | 
Software from Guardian Analytics watches all online banking activity and alerts the bank to anything suspicious.
Vendors at BAI Offer Advice, Products for Reaching Millennials
News  |  10/22/2010  | 
Fiserv, Microsoft among those helping banks come up with strategies for serving younger customers.
PayPal Believes Banks Will Find Value in its P2P Payments Service
News  |  10/22/2010  | 
San Jose, Calif.-based Internet payments company PayPal is touting its person-to-person payments capabilities as a check-killing service that could help financial institutions break into the personal mobile payments space.
Twitter Co-Founder Biz Stone Tells Bankers to Be Authentic on Twitter
News  |  10/22/2010  | 
At the BAI Retail Delivery show this week, Stone shared stories about Twitter's early days and offered advice to Twitter newbies.
Heads Up, Bankers: Gartner Identifies Top 10 Strategic Technologies for 2011
News  |  10/21/2010  | 
Heads up, bankers: Gartner identifies top 10 strategic technologies that are likely to have “significant impact” on businesses in 2011.
Five Strategies for Post-CARD Act Success
News  |  10/21/2010  | 
With new restrictions in place, banks must employ analytic insights more than ever to keep their card businesses profitable, advises FICO's Lynda Woodward.
Open Solutions Releases DNA 3.0 Core Relational Platform
News  |  10/21/2010  | 
Open Solutions releases DNA 3.0 core relational platform; new release features more than 120 enhancements.
US Bank Mines 17 Million Customer Transactions Each Night for Insights
News  |  10/20/2010  | 
Jill Enabnit, vice president, market analytics and performance solutions at US Bank, Minneapolis ($290 billion in assets), sat down with us at this week's BAI Retail Delivery show to tell us how the regional bank has been using customer analytics.
First Tennessee Becomes First U.S. Bank to Licence CSC's Celeriti
News  |  10/20/2010  | 
First Tennessee, a Memphis, Tenn.-based bank subsidiary of First Horizon National Corp. with $26.3 billion in assets, is the first U.S. bank to license technology provider CSC's new Celeriti Customer and Deposits software, CSC announced Wednesday at BAI Retail Delivery.
Card Act, Reg E Spawning New Price, Revenue Analytics Tools
News  |  10/20/2010  | 
SAP and Fiserv among vendors coming out with business intelligence tools aiming to help banks be profitable in spite of a loss of fee income.
FIS To Acquire Consultancy Capco in Move to Add Professional Services Offering
News  |  10/20/2010  | 
FIS to acquire consultancy Capco in move to add professional services offering; deal expands FIS' international presence and "footprint" among large U.S. and global institutions.
Infosys Launches Finacle Mobile Banking 2.0
News  |  10/20/2010  | 
Infosys launches Finacle Mobile Banking 2.0; solution facilitates interactive financial management including product selection, proximity payments, RDC, new account opening, ATM/branch locating.
Young Americans' Values and Spending Shifting Toward Self-Reliance, Frugality
News  |  10/20/2010  | 
Millenials value kindness, high quality, friendliness, social responsibility and leadership in the companies and brands they use.
Consumers Would Switch Banks for Instant Mobile Payment Capabilities
News  |  10/20/2010  | 
A little more than half of consumers who are interested in the ability to make mobile payments from their cell phone would consider leaving their bank for one that gives them that capability, according to research commissioned by Redwood City, Calif.-based mobile payments provider Obopay
Dynamic Access to Lower Cost Resources
Dynamic Access to Lower Cost Resources
Bank Systems & Technology Videos  |  10/20/2010  | 
Financial institutions are looking to cloud computing as an alternative business model that provides access to resources at lower costs, drives additional revenue from their existing customer base, and better manage their regulatory burden.
Alternative Business Models with Cloud
Alternative Business Models with Cloud
Bank Systems & Technology Videos  |  10/20/2010  | 
Financial institutions are looking to cloud computing as an alternative business model that provides access to resources at lower costs, drives additional revenue from their existing customer base, and better manage their regulatory burden.
Novarica Launches Banking Technology Research and Advisory Service
News  |  10/19/2010  | 
Novarica division of Novantas LLC names Madi Mantha principal and head of banking research, and Meredith Outwater senior analyst, banking practice, as it launches Banking Technology Research and Advisory Service.
Flurry of Mobile Banking News as BAI Show Starts
News  |  10/19/2010  | 
Mobile banking looks to be a dominant topic at this year's show.
One Bright Spot in Banking: Technology Providers
News  |  10/18/2010  | 
Today's core banking software company executives tend to have humility, responsibility and equal parts of modesty blended with chutzpah.
Mitek Rolls Out Mobile Photo Bill Pay
News  |  10/18/2010  | 
Software lets consumers pay a bill by taking a picture of it with their smart phone; service to tie into mobile banking programs.
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