News & Commentary
Content posted in April 2007
BenchMark Tool Enables Timely Peer Review for Auto, Consumer Lending
News  |  4/30/2007  | 
By Nancy Feig BenchMark Consulting International launches industry's first online business intelligence program with peer comparison
CheckFree Is to X as Certegy Was to Fidelity National Information Services
News  |  4/27/2007  | 
By Art Gillis www.artgillis.com Two key drivers influence the financial services tech world these days: 1) vendor consolidation and 2) integration of applications. In my opinion, both make sense and they are very beneficial no matter on which side of the fence one resides.
Convergence: When Payments Start to Play Nice Together
News  |  4/27/2007  | 
By Maria Bruno-Britz If you're in the payments side of the business at a bank, you can't go anywhere without hearing the word "convergence". In recent years, the push to bring together all the IT systems within the bank has intensified so that financial institutions have a more unified view of their business and customers. Beyond this is the drive to bring together the payments systems in the organization. Banks are siloed enough, and the issue is even more apparent in the payments organization
Sometimes Criticisms From the 50-Yard Line Are not Just Cheap Shots
News  |  4/23/2007  | 
By Art Gillis Eleven blogs ago, I expressed my views about what a dumb idea it was for Citibank to spend billions on shortening the name of the bank and removing the red umbrella. What were they thinking? Do customers care about names and logos? Now Citi is executing a RIF to the tune of 17,000 employees. Do customers and employees care? I think they do. Put a banker back in the hot seat of Citi and I think you'll see a better run giant. It seems to work everywhere else in the banking business.
Mizuho Live with SWIFTNet Phase 2 While Corporates Scoff at Bank Payments Initiatives
News  |  4/23/2007  | 
By Maria Bruno-Britz The London branch of Mizuho Corporate Bank is the first in the world to go live on FIN with the SWIFTNet Phase 2 solution. This is the next generation messaging platform introduced by Brussels-based SWIFT.
SOA Standards
News  |  4/23/2007  | 
SAP and banking community definition group unite the banking industry around enterprise SOA standards
NACHA NEWS: Epson and RDM Showcase CaptureOne Check Scanner
News  |  4/17/2007  | 
By Maria Bruno-Britz Epson (Long Beach, Calif.), a supplier of value-added banking solutions, and RDM (Waterloo, Ontario), a provider of specialized software and hardware products for electronic payment processing, unveiled a new check scanning solution called CaptureOne. The companies are touting the products as a reliable desktop scanner for back office capture (BOC), remote deposit capture (RDC) and branch capture applications. Epson, known for its image scanners, teamed with RDM, known for
NACHA News: TowerGroup Says Banks Seeking Comprehensive Technology Solutions for Integration with Corporate Clients
News  |  4/17/2007  | 
New TowerGroup Research Examines Fast-Evolving Space of 'B2Bank' Integration
NACHA News:Digital Check Announces Digital on Demand Services
News  |  4/17/2007  | 
Digital Check Corporationn announced Digital on Demand services at the NACHA Payments conference. The expanded services are provided in support of Digital Check's network of solution providers and through Digital Check's network of fulfillment partners. The new services allow financial institutions to more easily bundle software, scanner hardware and fulfillment services when deploying distributed check capture solutions to their branches and remote deposit capture customers.
NACHA News: LendingTools.com Announces New ACH Risk Management Product
News  |  4/17/2007  | 
LendingTools.com announced today at NACHA Payments 2007 the availability of ExtraNet FP ACH Risk Management. The new product is delivered as an integrated module of the company's successful ExtraNet Financial Portal in use by more than 2,000 community financial institutions for internal and corporate cash management services.
NACHA News: Fundtech Signs Eight New Banks to Its Cash Management Solution
News  |  4/16/2007  | 
Fundtech Ltd., a provider of end-to-end corporate banking software and services, announced that it has signed eight new customers for its CASHplus cash management solution. Recent research from market consulting firm Celent, positioned Fundtech's CASHplus as a leading solution in its 'Evaluating the Vendors in Online Corporate Cash Management' report (December 2006). Fundtech's newest CASHplus clients include: RBC Centura ($23 billion in assets; Raleigh, N.C.), Rabobank, N.A. ($5 billion in asse
NACHA News: Unisys Announces High Performance Open Payments Platform
News  |  4/16/2007  | 
Unisys Corporation announced a new Open Payments Platform to help banks transform their payment operations and more easily deliver new products in an ever-changing industry.
Who is going to keep us on the straight and narrow now that Jack Henry is gone?
News  |  4/16/2007  | 
By Art Gillis Jack Henry always knew what the score was. More important than that, he made sure we knew the score as well. I have had lots of business encounters with Jack over the years, and not once did I ever worry about my backside. The first time I talked to Jack was by phone in 1980. I was working on a project for a small bank that needed a general ledger system. My mission was to purchase it from a small software company in Missouri. When I called to place the order, Jack wasn't comforta
NACHA NEWS: Commerce Bank Selects CheckFree's ARP/SMS to Enhance Account Reconciliation and Positive Pay Services
News  |  4/16/2007  | 
By Maria Bruno-Britz Commerce Bank (Cherry Hill, N.J.; $4.3 billion in assets) has selected the CheckFree Account Reconciliation Package/Service Management System (ARP/SMS). In addition, Commerce Bank has upgraded to the CheckFree PEP+ Risk Compliance Package. CheckFree's PEP+, together with its suite of add-on modules, provides a complete solution for originating and receiving payments throu
NACHA NEWS: Whitney National Bank Selects CheckFree's PEP+ Platinum Suite to Increase ACH Functionality
News  |  4/16/2007  | 
By Maria Bruno-Britz CheckFree announced that Whitney National Bank (New Orleans; $10.2 billion in assets) has selected the CheckFree PEP+ Platinum Package. The software and services deployment is designed to enable Whitney to rapidly and efficiently process ACH payments, streamline internal processes to mitigate risk and fraud exposure, increase revenue and ensure business continuity in the
NACHA NEWS: NACHA Issues Top 50 Lists of Originating and Receiving ACH Financial Institutions for 2006
News  |  4/16/2007  | 
By Maria Bruno-Britz NACHA - The Electronic Payments Association (Herndon, Va.) released today at its PAYMENTS 2007 conference the NACHA Top 50 lists of the largest originating and receiving financial institutions of automated clearing house (ACH) payments for 2006.
NACHA NEWS: NACHA Reports Nearly 16 Billion ACH Payments in 2006
News  |  4/16/2007  | 
By Maria Bruno-Britz According to NACHA - The Electronic Payments Association (Herndon, Va.), nearly 16 billion automated clearing house (ACH) payments were made in 2006, a 14.5 percent increase over 2005.
John "Jack" Henry, Founder Jack Henry & Assocs., Dies
News  |  4/16/2007  | 
By Maria Bruno-Britz Jack Henry & Associates (Monett, Mo.) founder John W. "Jack" Henry passed away of natural causes this weekend at the age of 71.
Sovereign Bank's Eco-friendly EBPP Push
News  |  4/13/2007  | 
By Maria Bruno-Britz, Bank Systems & Technology Some banks are getting a bit creative in their efforts to make customers go electronic. Sovereign Bank (Wyomissing, Pa.), along with partner CheckFree (Atlanta), will donate $1 to The National Arbor Day Foundation for each new electronic bill that customers activate at Sovereign Bank from April 1 through May 31. Each donation will help cover the cost of planting one new tree.
IBM Launches Banking Centers of Excellency
News  |  4/12/2007  | 
By Nancy Feig On Tuesday, we here at the Bank Systems & Technology headquarters were treated to visit from June Felix, IBM's general manager of banking solutions. Felix was here to talk about IBM's latest endeavor, three new "Banking Centers of Excellence," which will hereafter be referred to as BCOEs.
First Data to be Acquired, Metavante to Split from M&I
News  |  4/5/2007  | 
By Maria Bruno-Britz, Bank Systems & Technology The first week of April saw at least two significant moves involving two of the leading players in the bank tech vendor space-Denver-based First Data and Milwaukee's Metavante. The deals illustrate yet again just how volatile today's financial technology space truly is.
Mobile Banking Providers Should Cool Their Jets a Bit
News  |  4/5/2007  | 
By Maria Bruno-Britz, Bank Systems & Technology Last week, I reported on the sudden flurry of announcements around mobile banking and payments applications in the U.S. A number of deals were highlighted. Well, I'll now add to that the most recent mobile banking rollout by Citibank for its California customers. It would seem there's no stopping mobil
A Consortium of U.S. Technology and Academic Organizations Addresses the Decline in Math and Science Graduates.
Commentary  |  4/2/2007  | 
Although information technology added $2 trillion to the economy, the U.S. lags Asia in math and science graduates; the Tapping America's Potential technology consortium aims to rouse Congress to action.


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