News & Commentary
Content posted in May 2009
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Flagstar Improves Performance of Goal Setting
News  |  5/29/2009  | 
Flagstar Bank improves branch location performance goal accuracy with predictive analytics tool from Pitney Bowes MapInfo.
Your Card Data MAY have been Compromised
News  |  5/27/2009  | 
Well, I guess there's a first time for everything. I was just informed by my very large credit card company that my card data MAY have been compromised.
Reducing Risk and Seizing Revenue Streams With Electronic Invoicing
News  |  5/27/2009  | 
With near failures and mega-mergers around almost every corner, the banking industry is experiencing unprecedented change. With much of their focus on achieving cost efficiencies and effective resource utilization, banks may be losing sight of a key issue - finding ways to build and retain customers to remain profitable. One way to achieve this balance is to deliver new services that enable banks to simultaneously develop new revenue streams while deepening the relationship with the customer.
VASCO Adds Strong Host Authentication to DIGIPASS Pin Pads
News  |  5/27/2009  | 
The one-time password technology is intended to prevent man-in-the-middle attacks and other identity theft attempts.
The Success of Bank M&As Can Hinge on IT Talent Retention
News  |  5/22/2009  | 
It is critical for banks to retain top tech performers during mergers -- and money alone just won't cut it anymore.
What Some Consumers Thought of Their Banks' Systems--16 Years Ago
News  |  5/22/2009  | 
Don't stop reading yet just because 16 years in bank tech is like ancient history. This is entertainment because it happened in the Big Easy, pre Katrina, when hurricanes were treated like a mosquito bite. In my opinion, the survey results are just as true today as when I first did the exercise.
Citizens National Bank of Meridian and Metavante Renew Long-Term Core Banking Agreement
News  |  5/22/2009  | 
The bank will add Metavante's imaging services, risk and compliance solutions, CRM, consulting and professional services, and participation in the NYCE Payments Network.
For the Future of Globalization, Look to South Africa?
News  |  5/21/2009  | 
If there is to be growth in the banking industry, it probably is going to depend largely on the ability of financial institutions to compete profitably and securely in emerging markets.
Federal Home Loan Bank of Pittsburgh Implements Rockall’s Collateral Management System
News  |  5/21/2009  | 
STOC offers enterprisewide, real-time operational capability to value, monitor and manage collateral of all types and for all lines of business.
Deutsche Bank Expands FX4Cash With Addition of 50 Currencies
News  |  5/20/2009  | 
The cross-currency platform allows clients to make payments in 125 currencies across more than 160 countries.
The Definition of "Integration" in Bank Systems Depends on Who's Saying It
News  |  5/18/2009  | 
First, I am not trying to be an English teacher. I'm simply trying to clear the air about a most powerful word in the use of bank systems. Even Wikipedia didn't get it right, or more accurately, didn't define it completely. You decide.
Using IT to Survive Mergers and Acquisitions in a Challenging Economy
News  |  5/18/2009  | 
Few industries have been affected more by today's economic downturn than the financial industry. Many financial institutions have been forced into consolidations and mergers, requesting government assistance just to survive. They are pressured to show revenue increases and cost reductions almost immediately, and depend heavily on IT to meet these demands.
Federal Reserve to Use Viewpointe’s Check Image Archiving Service
News  |  5/15/2009  | 
Leveraging the service will enable the Fed to share infrastructure costs while ensuring its ability to store and retrieve reliably and securely.
Axiom Software Expands Templates Subscription Services
News  |  5/14/2009  | 
Extended coverage enables financial institutions to more quickly adapt to regulatory changes.
Keeping Top Talent Amid Pay Restrictions a New Challenge for Banks
News  |  5/14/2009  | 
With the news of further government intervention in banks' compensation practices, banks might be left wondering how to keep their top performing employees while still remaining competitive against their adversaries in less regulated countries. The Wall Street Journal offers some ideas in the following video that could help banks entice good people to remain in financial services once the allure of big
Microsoft and Agree Technology Announce SuperTeller for Next-Generation Branch Transformation
News  |  5/14/2009  | 
Microsoft and Agree Technology announce SuperTeller for next-generation branch transformation; Xiamen International Bank first to adopt innovative new solution to optimize branch efficiency.
J.P. Morgan Releases Escrow Services in India
News  |  5/13/2009  | 
The firm leverages its Worldwide Securities Services division and Investment Bank and Asset Management lines to offer one-stop solutions.
Digital Insight and Metavante Extend Relationship
News  |  5/12/2009  | 
Digital Insight and Metavante extend relationship with three agreements intended to provide financial services clients with a variety of new online capabilities.
QinetiQ to Acquire Cyber Intelligence Solutions Provider Cyveillance
News  |  5/11/2009  | 
Combined Services Promise to Offer Comprehensive Intelligence Solutions to Commercial and Government Customers
Bank Tech Sector Still a Learning Process
News  |  5/11/2009  | 
I never thought I knew it all, and every day I realize how right I was. I just glanced at the first edition of Automation in Banking. If I compared it to the 2009 edition, it would look like a 1985 Oldsmobile-couldn't compete and no longer available. I learned a lot in 24 years, but I'm still learning.
In Turbulent Times, Take Stock of IT Staff
News  |  5/11/2009  | 
By Judith Pennington, Accenture

Special Report: Optimizing the Workforce
Generational Differences, Budgets Challenge Banks' Leadership Growth Initia</span></div>
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PULSE Launches Surcharge-Free ATM Network
News  |  5/8/2009  | 
In an alliance with MoneyPass, the PULSE SelectSM network offers participants more than 16,000 surcharge-free ATMs across the country.
Mexican Banks Choose SunGard for Operational Risk Management
News  |  5/8/2009  | 
Ambit Risk Performance suite for retail, commercial and private banks supports front-, middle- and back-office operations, as well as financial management, risk and compliance.
Bank of Marin Adopts Metavante’s Outsourced Receivables Solution
News  |  5/6/2009  | 
RemitPoint centralized image-based remittance processing service allows the bank to actively market new lockbox services to its corporate customer base.
Experian QAS Releases Address Verification SAAS
News  |  5/6/2009  | 
Web-based QAS Pro On Demand solution promises to reduce costs associated with incomplete customer records.
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