The Fed Reorganizes Itself to Send a Clear Message to FIs on Check Imaging
By Maria Bruno-Britz
Last month, the Federal Reserve announced plans to revamp its check processing infrastructure to better reflect the move from paper to electronic check processing. The Fed entered into an agreement with Unisys in which the vendor will enhance the check processing infrastructure by way of the Federal Reserve Bank of Cleveland. I actually discuss this deal in greater detail in the July issue of Bank Systems & Technology.
Automation in Banking 2007 Executive Summary
In 2006, the bank technology business was good for bankers and it was just OK for vendors.Bankers were getting the work done every day; they were reasonably safe from hackers, phishers, and T-shirt collar criminals; they were generally comfortable that their catch-up game was running neck and neck with market-available technologies; and they were free from big spending projects that in the past, seemed to be integral to anything with the word technology in it. I would imagine their Wednesday aft
SAS Profitability Management Podcast
Accurate profitability and predictive performance management are the keys to achieving organic growth.
To boost profitability, you must first understand it. To increase retention and increase customer wallet share, you must first understand whom to keep. That's a challenge, as many organizations combine inaccurate cost information from traditional costing systems with other financial and operational data to generate reports on customers and products. This approach, however, doesn't measure true
Wal-Mart Bounces Back From ILC Rejection With An Even Bigger Financial Services Plan
From a competitive standpoint, banks should think about Wal-Mart as a kind of huge, unstoppable bobo doll. No matter how many times you push it back or put obstacles in its way, sooner or later it will bounce back with another plan. Somehow or other, Wal-Mart obviously has determined, it is going to be in the financial services business. If it isn't going to be allowed to enter banking through the launch a
If You Want To Know Which Apps Were Hot In 2006, Ask The Guys Who Sold Them
It was the first time I ever asked this question, and I was thrilled at the quick, clean and no-hype reactions from six in-the-trenches companies that have been telling it like it is to me for 25 years - Fiserv, Fidelity (and its acquirees), Metavante, Jack Henry, Harland Financial Solutions and COCC.
Banks Make Headway Towards Basel II
While international banks have made considerable progress toward complying with the provisions of Basel II, U.S. banks still are waiting for the final rules. But that isn't keeping them from reexamining their risk management technologies.
Basel II’s Three Pillars of Compliace
The rules that comprise Basell I are built around the three pillars of minimum capital requirements, supervisory review process and market discipline.
Banks are slowly migrating to new BOC solutions in light of NACHA-The Electronic Payments Association's recent announcement of new rules for electronic check conversion.
Wal-Mart Takes a Backdoor Into Banking with Prepaid Cards
By Maria Bruno-Britz
Just when you thought it was safe to be a bank, here comes Wal-Mart yet again.
After its failed effort to obtain an industrial loan corporation license, the retail giant, showing its usual tenacity, seems to have taken a different tactic in the financial services space-going after the underbanked and unbanked with a prepaid card. These are people with little, if any, relationship with a financial institution. There are mi
Single-Report Bank Core System Is No Pipe Dream
By Art Gillis
If someone paid me $7 million, plus or minus a million, to create a new bank core system for community banks, the first thing I would do is fly to Kansas City. That's sort of a private matter, but my mission would be to assign all the bread and butter applications to a man I believe has four very rare skills:
U.S. Bancorp's Pam Joseph Gives Advice on Going International
By Maria Bruno-Britz
Pamela Joseph, vice chairman at U.S. Bancorp and chairman & CEO of the bank's payments subsidiary NOVA Information Systems, was a featured speaker at this year's TowerGroup Financial Services Business & Technology Conference. Joseph's presentation covered NOVA's strategy for going international and at the same time provided attendees with some good advice for doing so.