News & Commentary
Content posted in July 2002
Fed Adds Color To Bills To Stymie Counterfeiters
News  |  7/25/2002  | 
The next generation of $100, $50 and $20 bills will feature background colors designed to thwart bill counterfeiters.
Wireless Banking Services Hit The Skids
News  |  7/25/2002  | 
As user rates decline, banks are pulling many of their wireless services, according to a Celent Communications report.
Wealth Management Businesses Look to Rebound From Poor 2001
News  |  7/25/2002  | 
Global private wealth declined 4.4 percent in 2001, leading to a 69 percent decrease in wealth manager profits in the U.S., according to a report from Boston Consulting Group.
Reinforcing Fruitful Web Banking Behavior
News  |  7/25/2002  | 
The online channel should encourage enrollment of desirable potential users, as well as online usage, decrease attrition and grow and retain banking relationships. Gomez talks about a few ways to make that happen.
Executive Changes
News  |  7/25/2002  | 
Jerry R. Licari named national industry director for KPMG LLP; Joseph Mauriello appointed vice chairman of KPMG LLP Financial Services practice; Patrice Blanc selected chairman and CEO of Fimat International Banque S.A.; Greg Sawers appointed managing director and global head of research at Credit Suisse Asset Management.,
International Bytes
News  |  7/25/2002  | 
Sumitomo Mitsui Banking Corp selected Sybase's PATRIOTcompliance solution; BNP Paribas Securities Services signs a strategic agreement with Reuters group and TIBCO Software; Banco de Credito in Peru renews a seven-year agreement with ALLTEL Information Services; Amalgamated Banks of South Africa chooses Financial Object's activebank2.
North America Bytes
News  |  7/25/2002  | 
Huntington Nation Bank to use ACI Proactive Risk Manager from ACI Worldwide; Mid-Atlantic Corporate Federal Credit Union to launch InteliData Technologies Corp.'s Electronic Bill Payment and Presentment solution; U.S. Bank redesigns its Internet banking site; Fleet Capital Leasing selects Leasing and Asset Management with mySAP CRM from SAP; South Dakota Credit Union League signs agreement to market SS&C Technologies Inc.'s internet-based products.
Association Update
News  |  7/25/2002  | 
Over 5,000 executives are expected for the International Call Center Management Conference and Exposition; Larry Ellison, chairman and CEO of Oracle Corporation, to keynote the Linuxworld Conference & Expo.
STP Forces Payment Industry To Reconsider XML
News  |  7/16/2002  | 
The movement toward straight-through processing is forcing NACHA and other payment systems to take a closer look at XML technology.
Bank of Montreal To Halt Wireless Banking
News  |  7/16/2002  | 
Low customer adoption rates have forces Bank of Montreal to suspend its wireless banking and non-U.S. wireless brokerage services.
MasterCard And Europay Merge To Form a Global Payments Company
News  |  7/16/2002  | 
Two of the strongest players in the payments business merge in order to better deliver payment solution across the globe.
Banks Need To Prep For Open Finance
News  |  7/16/2002  | 
Although U.S. banks have been somewhat slow to adopt the open finance mode of business, Celent Communications predicts that 100% of the top U.S. and European banks will supply their customers with complementary third-party financial products by 2006.
Teller System Helps Protect Elderly At Farmers Bank
News  |  7/16/2002  | 
Farmers Bank installs National Source One teller automation system with added security features to detect and prevent fraud among their elderly clientele.
Executive Changes
News  |  7/16/2002  | 
James Hollands appointed sales manager of Financial Objects; Kjerstin Hande named director of sales for Nordic Financial Systems; DTCC appoints new managing director and managing director of asset services; Signature Bank revamps management team.
International Bytes
News  |  7/16/2002  | 
ZKB implements Exstream's Dialogue software; Citibank uses Fundtech's Global PAYplus; ING Bank Slaski selects Centra to power eLearning solutions
North America Bytes
News  |  7/16/2002  | 
Citibank starts Virtual Account Numbers; Honda Federal Credit Union to use Mosaic's ATM software; Merchants Bank selects Mitek's check imaging system; First Federal Savings of Wisconsin first to install Opima3 image processing system from WFS.
Microsoft .NET Gathers Steam in Financial Services
News  |  7/8/2002  | 
Microsoft's architectural development tools, called .NET, are being adopted by a growing number of financial institutions to communicate and share data over the Internet, regardless of computing platform, device or programming language.
First Citizens Skips Flash, Aims for Simplicity
News  |  7/8/2002  | 
First Citizens Bank of North Carolina launches a media campaign aimed at turning its highly regarded customer service for retail and small-business clients into a household name.
May I See Your ID, Please?
News  |  7/8/2002  | 
DeepGreen Bank is concerned about the marked increase in identity theft, and realizes the need to improve the protection of personal customer information.
BofA Rolls Out Mobile Brokerage Service
News  |  7/8/2002  | 
Bank of America introduces wireless brokerage services in Hong Kong.
Sticking to Basics
News  |  7/8/2002  | 
No-frills messaging service pays off for Utah credit union.
High Noon
News  |  7/3/2002  | 
Armed with improved payment systems, banks aim to win their latest e-commerce showdown.
Windows-based Teller System Pays Dividends
News  |  7/3/2002  | 
A new online branch automation system enables Metcalf Bank to simultaneously hike customer service and reduce teller training time.
This Hub's For You
News  |  7/3/2002  | 
ABECU taps Transcend ACD from Maxxar to guide call center agents.
Efficiency Gains at 1st Advantage
News  |  7/3/2002  | 
Can a simple software implementation prevent a major financial institution from sliding further down the dreaded spiral of inefficiency?
ABN AMRO Installs SunGard System
News  |  7/3/2002  | 
ABN AMRO Futures taps Mint.
New Storage Technology Emerges
News  |  7/3/2002  | 
As the amount of data stored grows exponentially, the cost and complexity associated with managing that data is also skyrocketing, forcing the need to develop new technology.
Banks Roll Out Online Software
News  |  7/3/2002  | 
E*Trade Bank, Washington Mutual, First Citizen's Bank and GMAC Bank deploy Consumer e-Finance Suite from Financial Fusion to create next-generation online banking channels.
ABN AMRO Gets Hitched to Star
News  |  7/3/2002  | 
ABN AMRO will participate in Concord's Star debit network.
NCR Inks ATM Deal in China
News  |  7/3/2002  | 
Beijing Commercial Bank purchases 60 Personas ATMs from NCR.
World Briefs
News  |  7/3/2002  | 
State Bank of India and ICICI Bank sign ATM and maintenance agreements with NCR; TecBan contracts with NCR to convert its ATM network to the Windows NT operating system; Den norske Bank uses e-learning software from X.HLP.
National Australia Group Taps Gasper
News  |  7/2/2002  | 
National Australia Group completes the installation of Gasper Manager across four of its banking subsidiaries in the United Kingdom and Ireland.
Wireless Security: Enough Talk, Here's What You Can Do
News  |  7/2/2002  | 
WLAN solutions now available keep wireless LAN security simple.
The Seven Information Security Virtues
News  |  7/2/2002  | 
Steven Katz, CISSP, has become known as the financial industry's first CISO, or chief information security officer.
Intruder Alert
News  |  7/2/2002  | 
Authentication and vulnerability assessment technologies help banks spot fraud and security threats.
Vector Technology Helps Solve Data Processing Woes
News  |  7/2/2002  | 
Banks with processing capacity headaches are turning to Aleri for fast relief. Aleri helps many banks to overcome the limitations of their relational database systems.
Industry Group Targets Web Security
News  |  7/2/2002  | 
The use of emerging XML protocols for Web security is being explored by a newly-formed advisory committee of the Financial Services Technology Consortium.
Bank Bytes
News  |  7/2/2002  | 
First Indiana Bank licenses LoanCenter, a consumer loan automation system from Appro Systems; JP Morgan Chase converts to the Voyager online banking platform from Corillian; SunTrust Banks is using ON Command CCM to manage workstations in 1,000-plus bank branches, and to automate the rollout of Windows 2000.
European Banks Push E-Payments Spending
News  |  7/2/2002  | 
Geographic differences are shaping spending patterns by banks in new payments technologies.
Due Diligence Gets Its Due
News  |  7/2/2002  | 
BITS guidelines aim to take some of the hidden risks out of outsourcing contracts.
A New Goal For ATMs
News  |  7/2/2002  | 
ATMs remain a popular and profitable delivery channel, people have more or less confined them to the niche of cash dispensers. The result: stagnant ATM growth.


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