News & Commentary
Content posted in August 2009
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Fed Should Go Slow and Steady With Economy
News  |  8/31/2009  | 
Some officials at the Federal Reserve seem to believe that the adage that it's possible to have too much of a good thing even applies to an economic stimulus.
Creating Opportunities with Proactive Customer Interactions
News  |  8/31/2009  | 
By Joseph Salesky, ClairMail Today's business and technology climate has disrupted customer relationships for banks, making it harder to retain assets, acquire new deposits, cross-sell products or obtain new customers. Customers are feeling the need to stay connected to their accounts, but that is driving up the cost to service them.
BIAN Provides Standards to Promote SOA Adoption
News  |  8/28/2009  | 
The Banking Industry Architecture Network, a consortium of industry members, aims to ease concerns by offering best practices and highlighting many benefits of SOA.
A Flexible Technology Architecture Is Key to Remaining Competitive
News  |  8/28/2009  | 
Despite the downturn, banks are turning to SOA, virtualization and cloud computing to enable the flexible technology architecture required to sustain cost-effective operations and remain competitive in today's volatile market.
Ben Bernanke's Brush With ID Theft a Lesson for Everyone
News  |  8/28/2009  | 
When experts say no one is immune to identity theft, they aren't kidding. The latest victim to come forward couldn't be more high profile (or ironic)-Federal Reserve chairman Ben Bernanke.
Visa Names New Global Head of Strategy and Corporate Development
News  |  8/27/2009  | 
Oliver Jenkyn will succeed Rupert Keeley as Visa Inc.'s Global Head of Strategy and Corporate Development.
No Pay Caps, No Business
News  |  8/27/2009  | 
GreenBank Offers Unembossed Debit Cards
News  |  8/26/2009  | 
GreenBank has implemented Dynamic Card Solutions' (DCS) software and flat card printers to instantly issue unembossed MasterCard debit cards at the branch level.
MasterCard Partners With CyberShift
News  |  8/25/2009  | 
MasterCard Worldwide and CyberShift have announced to provide businesses with CyberShift's Expense Management Automation (EMA) solution.
Bill of Rights for ID Theft Victims Gains Steam
News  |  8/24/2009  | 
Just this morning, I heard on the radio that New York's senior Senator Chuck Schumer plans to push legislation around creating an airline passengers "bill of rights." I, for one, don't particularly like being trapped on the tarmac for hours on end, so kudos to Sen. Schumer. But that's not the only "bill of rights" that should make headlines. The Identity Crime Victims Bill of Righ
The SEPA Direct Debit Scheme and the Payment Services Directive Pose Challenges and Opportunities
News  |  8/24/2009  | 
New European payments directives will require banks to invest in new infrastructures or partnerships, but they also provide opportunities to offer value-added services, writes Bernd Waizenhoefer, Head of FI Markets - Global Payments Product Management, Global Transaction Banking, Deutsche Bank.
Evolving Fraud Schemes Keep Pressure on Evolving Payments Instruments
News  |  8/24/2009  | 
The battle against payments fraud is as old as money. But while some of the latest efforts borrow from scams past, most of today's fraud schemes are as sophisticated as banks' most advanced payments systems. And stopping them is still a challenge.
Lending the New England Way With What Comes Naturally
News  |  8/24/2009  | 
Even though my business is IT, not lending, I have seen the correlation between the two. For example, right now Georgia leads the country in the number of failed banks (22.5 percent). The six New England states have zero. I worked for several banks in Georgia as a consultant. I worked for one bank in Rhode Island (later acquired by Bank of America) as an IT guy. I doubt if the bank examiners are using my methods (zip code focus) for spotting risky lending practices, but I offer some real-life ob
European ATM Deployments Serve as Lesson in Self-Service to U.S. Banks
News  |  8/24/2009  | 
By Martin Macmillan, Level Four Americas The way Americans use ATMs and self-service technology is about to change. A look at how European financial institutions have developed ATM functionality that encourages consumers to use ATMs for activities beyond cash withdrawal will provide some insight as to how American financial institutions will follow suit.
NCR and Document Capture Offer Bundled RDC Solution
News  |  8/21/2009  | 
NCR Corporation and Document Capture Technologies have announced an agreement to offer a remote deposit capture hardware and software bundle.
New UK Entrants Take Different Approaches to Core Banking
News  |  8/19/2009  | 
New entrants in the U.K.'s retail banking market are taking different approaches to their core banking systems, depending on their size and strategic models.
Wells Fargo and Wachovia: The Creation of a Coast-to-Coast Banking Franchise
News  |  8/19/2009  | 
It wasn't the easiest of acquisitions, but now that Wachovia is officially part of Wells Fargo, the heavy lifting has only begun for IT.
Martin Davis Unites the Wells Fargo and Wachovia IT Shops
News  |  8/19/2009  | 
Merging two customer-centric banks presents challenges and opportunities for Davis as he oversees the technology integration.
Freddie Mac Names Bruce Witherell Chief Operating Officer
News  |  8/19/2009  | 
Freddie Mac names Bruce Witherell Chief Operating Officer; former Morgan Stanley executive will oversee integration across company's three business lines, as well as Operations and Technology division.
Veridian Credit Union Leverages ClairMail for Mobile Banking
News  |  8/18/2009  | 
Veridian Credit Union has selected ClairMail's suite of mobile banking services.
Logan Allin Joins City National Bank As Manager, Business and Operations Strategy, Wealth Management Division
News  |  8/18/2009  | 
Logan Allin joins City National Bank as manager, business and operations strategy, Wealth Management Division.
Core System Conversions Are Like NASA Spacecraft Launches, But 'More'
News  |  8/18/2009  | 
What I mean by "more" is that just in the past five years, U.S. banks performed 2,890 vendor-assisted, core conversions as a result of switches to a new core system. Add to that the conversions at 1,877 banks in the same period as a result of bank consolidations, and you've got 4,767 conversions going on at banks, thrifts and credit unions. So 29 percent of all financial institutions went through a conversion in the past five years. That work represents one huge consumption of pain relievers.
Beyond "Check-the-Box" Mobile Banking and Payments
News  |  8/17/2009  | 
By Calvin Grimes, Fiserv Bank and credit union executives recently cited "the competition is doing it" as one of the top two reasons why their institutions were investing in the mobile channel. This unscientific poll of attendees at two webinar events reveals a potentially troubling tendency toward "check-the-box" decision making when it comes to mobile banking.
Social Networking Is as Old as Humanity
News  |  8/14/2009  | 
Is social media all it's cracked up to be? Scott Berkun, a former manager at Microsoft who describes himself as an author, "kick ass" public speaker and consultant to Fortune 500 companies, says it's not. In a blog, Berkun attempts to bring people's expectations and terminology about social media back down to earth.
Aussies Claim to have Developed 'Bug Free' OS for Mobile Platforms
News  |  8/13/2009  | 
Once again, our friends at sister brand Dr. Dobbs have provided me with yet more interesting blog fodder. In his editor's note in the daily Dr. Dobbs Update email, editorial director Jonathan Erickson discusses a breakthrough by Australian researchers who claimed to have developed the first "bug free" embedded software.
Grameen America Reaches 1,000-Borrower Milestone
News  |  8/13/2009  | 
Grameen America reaches 1,000-borrower milestone.
Banker Is Hero of Afghan Culture
News  |  8/12/2009  | 
Funny how you can (eventually) put two and two together in very unrelated circumstances.
USAA Launches RDC App for iPhone [Video]
News  |  8/12/2009  | 
USAA has introduced to members a mobile remote deposit capture capability for Apple's iPhone.
ICBA Debuts YouTube Series
News  |  8/12/2009  | 
The Independent Community Bankers of America (ICBA) has launched a video series running on YouTube geared towards consumer education.
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