Dave Oshman, senior vice president of
technology at Identrus, which was formed by some of the world's largest banks to promote a digital certificate and digital signature
standard for financial services.
Raising The Standard
Spectrum, an electronic bill presentment and payment (EBPP) hub, is trying to bring much-needed order to the bill payments industry.
Presenting a Solution
For EBPP to fly, financial institutions need to improve the technology and convince customers of its value
Taking Center Stage
Banks explore the promise and potential peril of centrally-managed data storage
Determined not to lose a stake in what could be the Next Big Thing, U.S. banks have moved to cut the cords that tether their customers to their PCs
and morph them into wireless.
N.Y. Bank Achieves Site 'Stickiness'
Bank of Smithtown, Long Island, N.Y., has taken its neighbor-to-neighbor customer relationship philosophy to the Internet with
online banking and an e-commerce portal.
BAI-BITS STUDY SHOWS CONSUMERS UNAWARE OF BANK PRIVACY AND SECURITY POLICIES
With the final date for Gramm-Leach-Bliley compliance just a few months away, many people still know little about their bank's privacy and security policies. Despite this lack of information, the phone and Internet survey of over 5,000 bank customers found that banks still ranked high in terms or trustworthiness.
Carl-L. von Boehm-Bezing resigns from the board of managing directors at Deutsche Bank AG; JPMorgan Investor Services appoints Ramy Bourgi business executive for Europe, Middle East and Africa; Bank of America Corp. names Alan Rappaport president of its private bank.
CLS Bank signs four major European Banks; RHB Bank Berhad uses Corillian's e-finance software to boost its online banking services; Dresdner bank AG agrees to pilot Document Clearance Center technology from CCEWeb Corp.; AEGON unveils a virtual banking package from Financial Objectives.
NORTH AMERICA BYTES
Visa USA selects Securify, Inc. to manage its Access provider Qualification Program; e-ClassicSystems Inc., an ATM software company, announces 10 new bank customers; Royal Bank Financial Group extends INEA enterprise analytics software to 1,200 retail branches; Citigroup installs BancTec image-based software at its credit card service centers; Prologic changes name to Fincentric.
Bank of Montreal White-Labels Its Services
Bank of Montreal, the first to bank roll out wireless banking
services in both Canada and the United States, is offering white-label wireless services to North
American financial institutions.
IT Spurring Consolidation: G-10 Report
Technological advances have changed the competitive functioning of the financial sector at both the production and distribution levels, says the rport by the G-10 central banks.
Star and Concord Catch EFT Merger Wave
The merger of Star Systems and Concord EFS, completed last month, creates an electronic payments superstore combining payment and network services
under one roof.