News & Commentary
Content posted in May 2006
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Sun CEO Schwartz Plans To Cut Up To 5,000 Jobs
News  |  5/31/2006  | 
Sun sets a six-month cost-cutting plan to cut jobs and increase efficiency.
Wells Fargo to Offer Envelope-less ATMs
News  |  5/30/2006  | 
Newer tech prompts FI to start converting part of fleet.
Feds Lead The XBRL Charge
News  |  5/26/2006  | 
Regulators are pushing banks and financial services firms to use the XBRL standard to report financial data. Public companies are next.
Cleaning House
News  |  5/25/2006  | 
First National Bank of Omaha consolidates its IT environment with Linux servers.
Data Takes on a Life of Its Own
News  |  5/25/2006  | 
Information life-cycle management is a cost-effective, manageable way for banks to organize data from creation to deletion.
When Clients Speak, Wells Fargo Listens
News  |  5/25/2006  | 
After graduating from the State University of New York at Albany, Danny Peltz went west and found himself in California working for a then-regional bank with a one-state presence.
Perspectives: High-Performance Contact Centers
News  |  5/25/2006  | 
Contact Centers Emerging technologies such as VoIP; voice- driven, self-service systems; and intelligent call routing systems can increase flexibility in the bank contact center, resulting in improvements in agent productivity and enhanced customer satisfaction.
Investing in Customers’ Futures?
News  |  5/25/2006  | 
Banks have failed to heed customer demands for online financial planning capabilities.
BS&T Blogosphere
Commentary  |  5/24/2006  | 
Told You So; Everything I Need to Know, I Learned in Kindergarten; Oops, the Dog Ate My Files; The Salary Survey; Insurance & Technology's Tech-Savvy CEOs Pod-ified; Payments Portal; The Web Services Question
No Token Resistance
News  |  5/24/2006  | 
Citi rolls out Digipass authentication devices to biz clients.
New Products
News  |  5/24/2006  | 
EVault Offers Policy-Based Archiving; Maximizing Mortgage Leads With VoIP; Source Provides Kiosk Project Planning
Data, Data Everywhere
News  |  5/24/2006  | 
FirstMerit engages IBM to help consolidate its server environment.
Corporates’ Wishes Are Banks’ Commands
News  |  5/24/2006  | 
To retain demanding corporates in an increasingly competitive market, banks work to anticipate their treasury and cash management needs. Automation, integration and standardization are just the beginning.
ISO: Going Beyond Manufacturing
News  |  5/24/2006  | 
Information security standard provides a new option for financial institutions' security troubles.
Hurry Up and Wait
News  |  5/24/2006  | 
While providers begin to introduce SEPA solutions, banks are dragging their feet, vendor says.
First Things First
News  |  5/24/2006  | 
Study finds banks are ready to invest in innovation, but regs must come first.
Infosec Help Right in Your Pocket
News  |  5/24/2006  | 
Attorneys author compact guide for bank security concerns.
Executive News
News  |  5/24/2006  | 
Small Biz Offers Big Opportunity
News  |  5/24/2006  | 
Wells Fargo adds small-business offering, reflecting wider industry focus on the segment.
Web Excellence
News  |  5/24/2006  | 
Studies provide insight into bank best practices on the Web.
Big Deals
News  |  5/24/2006  | 
BankAmericard Resurrection: Just Posturing or Real Business?
News  |  5/24/2006  | 
Bank of America may pose the first real challenge ever to the card association establishment.
For Your Own Good?
News  |  5/24/2006  | 
Is the ability to market and cross-sell a matter of life or death? Does insight into customer preferences guarantee survival?
Credit Unions Hacked More Than Banks
News  |  5/23/2006  | 
One vendor’s research shows FIs should never rest on their laurels, no matter their size or visibility.
Net Neutrality Finds Bipartisan Support
News  |  5/19/2006  | 
Efforts to keep the Internet free of tiered pricing schemes gains steam in Washington.
Diebold Cancels Outsourcing Contract, Brings Home IT, ERP
News  |  5/17/2006  | 
In a case of life imitating survey results, Diebold's decision will cost the company about $7 million.
NACHA Payments Conference 2006: Three-Way Fight: ARC, Image Exchange and Cards
News  |  5/16/2006  | 
Which is the better payments technology -- accounts receivable conversion (ARC), check image exchange or cards?
NACHA Payments Conference 2006: Payments Free-for-All
News  |  5/16/2006  | 
Banks need to make clients realize nothing is free.
NACHA Payments Conference 2006: Loyalty Is in the Cards
News  |  5/16/2006  | 
New retention schemes are a must in a fickle consumer environment.
Getting Crafty With VOIP
News  |  5/15/2006  | 
Concerns about call quality, security, and infrastructure construction and management have kept some financial services organizations from investigating VOIP. But as the technology matures, that may be changing.
Banks Take Their Places on the Grid
News  |  5/15/2006  | 
As computing demands increase, more and more investment banks are jumping on the grid bandwagon. And as it matures, they're finding more and more uses for the technology.
More E-Mail Problems, More Fines For Morgan Stanley
News  |  5/12/2006  | 
The financial services firm paid million to settle SEC charges that it destroyed E-mails and failed to cooperate with investigators.
AT&T To Skip WiMax For LTE?
News  |  5/11/2006  | 
Learn what your firm needs to (eventually) upgrade.
Oops, the dog ate the files
News  |  5/9/2006  | 
By Art Gillis The next time a large bank loses customer data, it ought to come up with an excuse that the public can relate to. So far, the news reports have focused on four large banks. Those banks spend $11.6 billion a year on technology. A good padlock at Home Depot costs less than $4.00. Buy it in China or India and it's a buck. Do the math. But if the loss occurs during the transport of data, there may even be a free solution to that problem. Thomas L. Friedman tells us the cable to
Leadership, Vision and Collaboration: Insurance & Technology’s Tech-Savvy CEOs 2006
News  |  5/3/2006  | 
Insurance & Technology's Tech-Savvy CEOs 2006
Web Watch: What’s Going On Online
News  |  5/3/2006  | 
Words of Wisdom from Art Gillis
Barclay’s Unobtrusive Online Security
News  |  5/3/2006  | 
Cyota authentication tool to work quietly in the background.
New Products
News  |  5/3/2006  | 
We’ve Got You Covered
News  |  5/3/2006  | 
Royal Bank America improves overdraft-services efficiency with BSG Financial solution.
Analyze This
News  |  5/3/2006  | 
Meriwest Credit Union gains insight into survey data with Monitor Software solution.
Search Engine Optimization
News  |  5/3/2006  | 
The online channel is an increasingly critical component in banks' efforts to build market share, improve customer retention and cross-sell. By utilizing search engine-based marketing, innovative banks can drive qualified traffic to their Web sites.
News  |  5/3/2006  | 
Remote capture is about more than just imaging checks.
H$As: Sharing
News  |  5/3/2006  | 
Health savings accounts offer rich opportunities for banks willing and able to make the investment necessary for seamless systems integration with health insurer partners.
Collaboration Is Job One
News  |  5/3/2006  | 
Growth Can Be Risky Business
News  |  5/3/2006  | 
Financial institutions are focused on selling, to the detriment of data security.
News  |  5/3/2006  | 
Evidence points to a strong need for a brick-and-mortar presence to complement remote channels.
NACHA Takes Page From PayPal
News  |  5/3/2006  | 
But will private e-payments pilot generate enough interest from e-businesses?
IBM Debuts SOA Governance
News  |  5/3/2006  | 
The time is right for IT governance solution, expert says.
Executive News
News  |  5/3/2006  | 
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