CALIFORNIA’S NEW RULES OF DISCLOSURE
A California law that takes effect July 1 will force companies inside and outside the state to disclose embarrassing information-security breaches.
HESNEY OUT OF TOWERGROUP AFTER THREE MONTHS
In a surprising management about-face, Maureen Hesney, a TowerGroup senior executive vice president hired in February to run the firm's research and consulting practice, has left the firm after only three months in the job.
Staying in Front of Change
As anyone involved in the banking technology world knows only too well, change has become a way of life in business.
E-Checks Rapidly Gaining Acceptance, NACHA Says
Automated Clearing House (ACH) transactions could grow to 18 billion payments by 2010, up from 9 billion in 2002, according to a recent study released by the National Automated Clearing House Association (NACHA).
Japanese Bank Dials Up Packet Solution
In a bid to better control the traffic over its telecommunications network, the Bank of Tokyo-Mitsubishi has redesigned its system, deploying bandwidth management technology from Packeteer, a Cupertino, Calif.-based technology company.
India Opens National ATM Switch
Euronet Worldwide, an e-payment technology company, has received approval from the Reserve Bank of India to operate a national shared ATM switch, with Industrial Development Bank of India as the settlement bank.
Japanese Banks Ink Deal With IBM
Four regional banks in Japan plan to outsource fundamental components of their IT infrastructures to IBM Japan, using core systems from Bank of Tokyo-Mitsubishi as a starting point.
Ohio Savings Bank Taps Fiserv
Moving to replace an aging system and bring its processing capabilities into the 21st century, Cleveland-based Ohio Savings Bank has contracted with Fiserv CBS Worldwide for a variety of processing systems.
The Race Belongs To The SWIFT
By establishing a private network, SWIFTNet is poised to outdistance the World Wide Web as the primary carrier of bank-to-bank financial messaging.
Who’s Who in EAI
TowerGroup analyst describes some of the players in the Enterprise Application Integration (EAI) market.
SWIFT Hopes to Conquer Fear of "New Realities"
Now that host country Singapore has been given the "all-clear" signal by the World Health Organization, SWIFT's Sibos 2003 conference seems all set to proceed as scheduled, from October 20 to 24.
Banks continue to push customers to adopt the wireless channel.
Taking to the Air
Will new payment systems arise with the convergence of technologies? Is the threshold to wide acceptance too high? Are the benefits too minor to justify abandoning traditional payment methods?
Getting In Gear
Regulators and financial service institutions seek common ground in the ongoing business continuity planning/risk management debate.
Uncertainty Slows Preparation
A lack of clear direction by regulators is causing some to adopt a wait-and-see approach to preparing for Basel II.
Banks Move to Comply With PATRIOT Act
Banks are racing to comply with the USA PATRIOT Act's requirements that terrorists not be allowed access to the financial system, such as by assuming a false identity in order to shift funds electronically from one account to another.
Union Planters Offers Payroll Card
Union Planters Bank is offering a new payroll option that gives companies the ability to use stored value card technology to replace the costly and often time-consuming paper paycheck process.
First Data Offers Secure ACH Service
First Data Corp. and Hagenuk, a provider of secure card readers, have introduced a Web-based solution for Automated Clearing House (ACH) payment transactions.
Federal Reserve Seeks Safety In Seals
The Federal Reserve Bank of Philadelphia has been investigating the possibility of using seal encoding technology to detect fraudulent items among the approximately 250 million U.S. Treasury checks annually presented for payment.
ABN AMRO Centralizes The Funds Transfer Process
Dutch banking giant ABN AMRO's North American operation is centralizing its payment systems for wire transfers, both domestically and internationally, utilizing the Mercator Integration Broker and Mercator InsidePayments applications from Mercator Software, a Wilton, Conn.-based provider of enterprise application integration software.
A Season of Renewal for Bank Branches
Because the financial services industry is an integral cog in the mechanics that drive personal and business commerce, it remains in a constant state of evolution as it attempts to mirror the needs and desires of its customers.
Weekend at Marx's
With "Irrational Exuberance," Yale economics professor Robert Shiller captured the limelight and the grudging admiration of the denuded investing public. Now he's exuberant about ideas of his own.
AVOID BAD-DATA POTHOLES
In this day of stepped-up data analysis, data quality is a critical issue that is getting more attention.
The Case for Security Policy Monitoring at Banks
Although there's no magic bullet that will make your organization compliant with HIPAA, the Gramm-Leach-Bliley Act or ISO 17799, you can interpret applicable portions of the regulations into policies that can then be enforced and monitored.
More large companies, including Merrill Lynch and Raymond James, are turning to service providers to handle their security.