News & Commentary
Content posted in June 2011
The Building Blocks of Data Center Transformation
News  |  6/30/2011  | 
The building blocks of data center transformation are automation, virtualization and cloud computing. But reinventing the data center with these technologies begins with an IT transformation.
Fiserv Acquires Payments Provider CashEdge for $465 Million
News  |  6/30/2011  | 
Deal aligns two popular electronic person-to-person payments products.
Final Ruling on the Durbin Amendment Softens Blow to Debit Interchange Fees
News  |  6/30/2011  | 
The Federal Reserve Board's final decision on debit interchange fees raises the cap from 12 cents to 21 cents.
Use Analytics to Peer into the Future
Commentary  |  6/30/2011  | 
Predictive analytics can produce massive amounts of insight -- leading to greater demand for more and quicker decisions. Are banks ready for that challenge?
Updated Federal Guidance on Online Banking Authentication Draws Criticism
News  |  6/29/2011  | 
Critics fear the FFIEC's new guidance on online banking authentication might not be enough.
S1, Fundtech CEOs See Transaction Banking Strength in Merger
News  |  6/28/2011  | 
The heads of the two vendors see a combined portfolio across retail and commercial transaction banking products as key advantage in merger.
Q&A: MetLife Bank CIO on Outsourced Data Center Services
News  |  6/28/2011  | 
MetLife Bank has embarked on an 18-month project to outsource data center operations to FIS and move all of its applications to an FIS-operated data center in Little Rock, Ark.
3 Steps to Securing the Cloud's Future
News  |  6/28/2011  | 
The financial services industry has an opportunity to think through the business model for cloud computing in order to minimize the future risks of operating in the cloud.
New Priorities for Bank CEOs: Technology Is Not One of Them
Commentary  |  6/27/2011  | 
New priorities for bank CEOs: It's not that IT is losing ground, but CEOs are more focused on the challenges of making money in today's uncertain regulatory and competitive environment.
BB&T Detects Check Duplicates with Assist from CONIX
News  |  6/27/2011  | 
BB&T leverages CONIX Systems' Dupe Detective to catch check image duplicates before they are processed, saving the bank time and money.
Austin Bank Maximizes Mobile Banking Availability and Continuity
News  |  6/27/2011  | 
Austin Bank transparently and cost-effectively maximizes mobile banking performance in a virtualized environment with virtual load balancing software from KEMP Technologies.
Financial Tech Providers S1 and Fundtech to Merge
News  |  6/27/2011  | 
The combined company will be called Fundtech and be based in S1's home city of Atlanta.
FIS Confirms Preliminary Discussions to Acquire Misys
News  |  6/23/2011  | 
FIS Confirms Preliminary Talk to Acquire Misys
Meeting Customer Needs with Online Chat
Commentary  |  6/22/2011  | 
Many financial institutions have yet to fully embrace online chat as an essential tool to optimize the millions they've already invested in their Internet presences.
Customer Experience Should be Simple
News  |  6/22/2011  | 
Execs across different industries stressed simplicity, consistency and respect at Forrester's customer experience conference.
What Does It Take to Create a More Competitive and Efficient Bank? Find Out at BS&T's 2nd Annual Virtual Event
Commentary  |  6/21/2011  | 
What does it take to create a more competitive and efficient bank? Find out at BS&T's 2nd Annual Virtual Event taking place Thursday, June 23; features presentations on organizational transformation, core systems strategies, collaboration, and customer relationship excellence.
Banks Are Now in the 'What If?' Business
Commentary  |  6/21/2011  | 
When Congress and bank regulators act wisely, bank tech vendors respond quickly and deliver solutions around risk management.
Capital One Acquires ING Direct En Route to Becoming 5th Largest U.S. Bank
News  |  6/17/2011  | 
Deal highlights synergy between Capital One's branch footprint and ING Direct's online banking, and could reenergize Capital One's credit card business.
Capital One/ING Direct Deal Highlights Competitive Challenges Facing "Legacy" Institutions
Commentary  |  6/17/2011  | 
Capital One/ING direct deal highlights competitive challenges facing lLegacy" institutions; Capital One says the $9 billion deal will extend its reach to young, high-income consumers; Allstate has the same idea in its planned acquisition of Esurance and Answer Financial.
The Ingredients of an Innovative Bank Branch
News  |  6/16/2011  | 
The highly evolved bank branch is more than tacked-on technology.
Todd Maclin Replaces Charlie Scharf as CEO of JPMorgan Chase's Retail Financial Services
News  |  6/15/2011  | 
Commercial bank head Todd Maclin Replaces Charlie Scharf as CEO of JPMorgan Chase's Retail Financial Services following Scharf's move to the bank's private equity arm; investment bank CEO Jes Staley adds oversight for international franchise following Heidi Miller's announced retirement; card services CEO Gordon Smith takes on auto finance and student lending responsibilities.
Celent Defines the Components of a Model Bank
News  |  6/14/2011  | 
Celent to honor banks for model initiatives at its Banking Innovation and Insight Day in Atlanta.
BNY Mellon Introduces iPad Investment App
News  |  6/14/2011  | 
BNY Mellon Connect Mobile links customers to the bank's research and investing tools.
Is ING Direct Ready to Name a Buyer?
News  |  6/14/2011  | 
ING Groep's board of directors reportedly ready to meet to discuss the sale of its U.S. online bank division.
What Matters Most in Core Systems Vendors -- Experience or Modern Architecture?
Commentary  |  6/14/2011  | 
For bank IT companies, the boundaries between U.S. core systems vendors and those based in other countries represent more than a physical separator in the pursuit of customers
The Fractured Fairytale of Data Security
News  |  6/13/2011  | 
It seems like this year, everyone's in on the nightmare.
What Does a Pipe Organ ATM Sound Like?
News  |  6/10/2011  | 
A dissonant song of cash withdrawal plays at the Venice Biennale.
An ATM the KGB Would be Proud of
News  |  6/10/2011  | 
This Russian cash mashine knows when you're lying.
The Long Reach of Citizens Financial's Robotic Arms
News  |  6/9/2011  | 
LongPen technology in conjunction with videoconferencing speeds up loan documentation process in Citizens' new video banking pilot.
Court Ruling Puts Security Burden On SMBs, Not Banks
News  |  6/9/2011  | 
Security experts cry foul in U.S. District Court ruling in $500,000 online bank account heist from construction firm
Citizens Financial Group Launches 4-State Video Banking Pilot
News  |  6/8/2011  | 
Using TelePresence, Citizens plans to connect customers to specialty bankers for mortgage and wealth management.
A New Urgency In Data Protection
News  |  6/8/2011  | 
The enterprise’s end users are the first line of defense in any data loss prevention strategy.
Silicon Valley Bank Deploys First U.S. Chip and PIN Corporate Cards
News  |  6/7/2011  | 
SVB's new World Elite MasterCard for Business credit cards could benefit corporates traveling abroad.
6 Features of the Best Bank Tech Salespeople
News  |  6/7/2011  | 
Selling bank tech services these days, or generic tech services, is the toughest job of all.
Chase Beefs-Up Android Mobile App Payments Capabilities
News  |  6/6/2011  | 
Chase Mobile 2.0 brings Chase Person-to-Person Quick Pay, credit and debit card rewards and Chase Blueprint. The bank also recently released J.P. Morgan Mobile for private banking customers.
The Wacky World of ATM Technology
News  |  6/2/2011  | 
Mixed media deposits have nothing on the latest in ATM innovation.
Regions Launches Permanent Online Disaster Recovery Site
News  |  6/1/2011  | 
Following the spring floods and tornadoes that affected the southeast, Regions Financial Corp. has made a disaster-preparedness site a permanent online feature for customers.


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