News & Commentary
Content posted in April 2011
There Is No Joy In Email Security, The Mighty Yankees Have Struck Out
News  |  4/29/2011  | 
The Bronx Bombers are the latest group to leak customer data.
Banks and Customers Must Share the Burden to Ensure Secure Financial Transactions
News  |  4/28/2011  | 
Banks and their customers must share responsibilities to ensure the security, confidentiality and integrity of financial transactions.
Fraud Down 34% in 2010
News  |  4/28/2011  | 
Fraud totals, which in 2009 were $56 billion, decreased 34 percent to $37 billion in 2010, reports Javelin Strategy & Research.
Banks Seek to Strike Balance with Payments Fraud Detection Tech Investment
News  |  4/28/2011  | 
Banks are going to look for the place where they see the biggest losses and the biggest vulnerability for future growth in losses and try to spend some money there.
An Enterprisewide Approach to Payments Fraud Prevention
News  |  4/28/2011  | 
Financial institutions have recognized that while they are heavily siloed by product type, fraudsters' activity is not contained to any one channel.
The New Urgency Behind Core Modernization
News  |  4/28/2011  | 
Banks' marching orders are clear, reports Accenture's Fiaz Sindhu: Drive growth in their core businesses by strengthening their ability to generate more sales, create innovative products and retain customers.
FCNB Creates Customer-Centric Organization With Core Replacement
News  |  4/28/2011  | 
First Citizens National Bank improves profitability and service while positioning itself for growth by modernizing its core systems.
Core Replacement Success Begins Before the RFP
News  |  4/28/2011  | 
A successful core banking renewal project begins before the request for proposal is even written.
Top 6 Reasons Banks Are Upgrading Their Cores
News  |  4/28/2011  | 
Core migrations are up across the industry, but each bank seems to have its own goals for the massive -- and risky -- projects.
12 Best Practices for a Core Banking Upgrade
News  |  4/28/2011  | 
Bankers who have recently completed or are in the midst of a core system replacement share their tips for a successful migration.
Another Day, Another Massive Data Breach: Did The Bad Guys Win?
News  |  4/28/2011  | 
Sony. Epsilon. Millions of customer's names, email addresses and other personal information have been exposed in April.
Email Phishing Is Serious Business
News  |  4/27/2011  | 
An inside look at how Fiserv CRO Murray Walton communicated an IT threat to 19,000 company associates.
BB&T Launches Android Mobile App
News  |  4/27/2011  | 
The North Carolina-based bank now has downloadable apps on RIM BlackBerry, Apple iOS and Google Android.
Elizabeth Warren Visits The Daily Show, Defends Consumer Agency
News  |  4/27/2011  | 
The Consumer Financial Protection Bureau faces a "knife in the back" from lobbyists and special interests who seek to pull its teeth, Warren suggests.
Vendor Survey Indicates Banks Are Looking For Alternatives To Tokens For Multi-Factor Authentication
News  |  4/26/2011  | 
In light of the March RSA SecurID breach, some institutions are seeking alternatives to tokens for out-of-band multi-factor identification, data from PhoneFactor indicates.
3 Reasons Why Bank Core Systems Are Like Gorilla Glue
Commentary  |  4/26/2011  | 
Historically, bankers have needed very good reasons to convince them to change their core systems.
Chase Enhances QuickPay Person-To-Person Payments
News  |  4/26/2011  | 
The New York-based bank adds recurring payments and text messaging to its online P2P payments service.
Visa Promotes Intellilink As Means To Counter Wasteful, Fraudulent Corporate Card Spending
News  |  4/25/2011  | 
New web-based tool lets corporate card customers customize and monitor spending activity.
New York Metropolitan Transportation Authority Seeks Proposals for New Contactless Fare Payment System
News  |  4/25/2011  | 
New York Metropolitan Transportation Authority seeks proposals for new contactless fare payment system; will hold presentation and invitation to comment on its Concept of Operations for vendor community on May 10, 2011.
Battle Royale: Durbin Defends Durbin From Dimon
News  |  4/22/2011  | 
Sen. Dick Durbin's response to JPMorgan Chase CEO Jamie Dimon's anti-Durbin Amendment rhetoric shows the fight against debit interchange fee regulation has only just begun.
Fiserv Enhances Relationship Rewards For Premier
News  |  4/21/2011  | 
New integration between Relationship Rewards and UChoose Rewards sold as differentiator in maintaining and growing customer loyalty.
Apple Squared: Tech Giant Begins Selling Jack Dorsey's Game-Changing Device
News  |  4/21/2011  | 
Does the tech retail giant's move to sell Square devices to the masses validate mobile card payments?
5 Things Everyone In Banking Is Talking About
News  |  4/20/2011  | 
A handful of hot topics among bankers, technologists and analysts.
The Sell Side of CIF
Commentary  |  4/19/2011  | 
When the bank marketing division hugs the bank IT division, then I'll believe the engagement is more than just sweet nothings.
A Financial Technology Conference, 140 Characters At A Time
News  |  4/19/2011  | 
A selection of Tweets from Fiserv's spring conference.
Community Bankers Are Talking About Dodd-Frank, Mobile And Payments, Too
News  |  4/18/2011  | 
A couple observations on trending topics among community bankers at Fiserv's Focus 2011 Spring conference.
What, Exactly, Is A Mobile Payment?
News  |  4/15/2011  | 
While competing interests and emerging technologies have us waiting to replace our wallets with our phones, let's define terms.
Social And Mobile: Wherever You Go, There They Are
News  |  4/14/2011  | 
Banks are buzzing with mobile and social media, but the potential these areas have to change the business remains to be seen.
BS&T On The Road
News  |  4/13/2011  | 
BS&T On The Road
CFPB Signs Joint Statement Of Principles With Attorneys General
News  |  4/12/2011  | 
The Consumer Financial Protection Bureau and National Association of Attorneys General agree on basic principles to protect consumers.
SAP Finally Has a Plan for Core Banking
Commentary  |  4/12/2011  | 
SAP finally has a plan for core banking; are FIS, Fiserv, Temenos, Oracle, Infosys and Misys going to stand by and watch?
Bank Of North Carolina Enhances Commercial Online Banking Security
News  |  4/11/2011  | 
BNC begins offering IronKey Trusted Access for Banks USB device to give a secure online banking experience to commercial clients.
Citi Nabs Top Institutional E-Banking Platform In Analyst Study
News  |  4/8/2011  | 
Research and consulting firm Greenwich Associates ranks Citi's at the top of institutional banking platforms among leading banks.
Bridge Bank Sets June Core Systems Upgrade
News  |  4/7/2011  | 
The Silicon Valley-based bank utilizes a service-oriented architecture for core systems flexibility.
Remembering Bill Bradway
Commentary  |  4/7/2011  | 
Bill Bradway, long-time bank technology industry authority, passed away April 2 at the age of 64.
Wells Fargo's New Corporate Card Program Ties To Mobile
News  |  4/6/2011  | 
The WellsOne Commercial Card brings enhanced functionality through the bank's CEO Mobile app.
Epsilon Data Breach Emphasizes Need to Proactively Create Security Awareness
News  |  4/5/2011  | 
Though it's not clear whether an attack is on the horizon, both bank and customer awareness can mitigate risk.
Risk Managers Feeling Optimistic About Consumer Financial Health
News  |  4/5/2011  | 
A FICO survey of risk professionals finds signs of optimism surrounding some consumer financial relationships. But to make the most of it, banks still have work to do on consumer treatment.
Bank of Ireland Chooses NICE Actimize Solutions for Financial Crime Protection
News  |  4/5/2011  | 
Bank of Ireland chooses NICE Actimize solutions for financial crime protection; seeks a holistic view of financial crime risk across the enterprise.
Large Banks Blew the Lid off IT Expense in 2010
Commentary  |  4/5/2011  | 
Large financial institutions account for more than 80 percent of IT spending; here's the reality behind their spending strategies.
Regions Bank Launching New Value-Added Rewards Program
News  |  4/4/2011  | 
The solution, powered by a just-announced partnership between Fiserv and Cardlytics will allow Regions to offer customers merchant rewards based on transaction history.
Chase Punishes Loyal Customers Over Lost Debit Fees
News  |  4/1/2011  | 
Chase is killing its Disney debit card rewards program in an effort to make customers mad about the Durbin Amendment. But could the third-largest bank have found a better solution?
MasterCard Approves Gemalto's NFC Mobile Payment Technology
News  |  4/1/2011  | 
Gemalto's software can send cardholder credentials to the secure element in NFC-enabled phones.


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