News & Commentary
Content posted in August 2011
S1 Responds to ACI's Newest Exchange Offer
News  |  8/31/2011  | 
The S1 board of directors urges its stockholders to take no action on the offer at this time.
Fiserv Introduces New Mobile Solution
News  |  8/30/2011  | 
The offering will replace two existing products to create a single mobile banking, alerting and payments suite.
ACI Brings Stock Offer to S1 Shareholders
News  |  8/30/2011  | 
The company continues to strengthen its efforts to acquire S1 despite a pending merger with Fundtech.
Banks Deploy Plans to Aid Customers in Irene's Wake
News  |  8/29/2011  | 
Though Hurricane Irene did less damage than expected, banks are still assessing the impact to their facilities in the affected areas.
Major Banks Confident in Hurricane Irene Preparedness
Commentary  |  8/26/2011  | 
Bank of America, Citi, HSBC and Wells Fargo representatives say that they're set to weather the storm that's set to strike the east coast of the U.S. during the weekend.
10 Things You Should Do Today to Minimize the Impact of a Disaster
Commentary  |  8/26/2011  | 
In the aftermath of Hurricane Irene, it's never too late to review and implement these 10 business continuity best practices.
Erply Launches New Mobile Card Reader for Tablets
News  |  8/26/2011  | 
The start-up tech company's offering seeks to make the iPad a virtual cash register, joining Square, Verifone and others in mobile payments space
IBM Announces 10 Computing Deals with Central and Eastern European Banks
News  |  8/26/2011  | 
IBM announces 10 computing deals with Central and Eastern European Banks -- contracts have combined value of more than $130 million; banks seek to improve operational efficiency and take advantage of mobile, Internet advances.
Fraud on the Decline, But Still a Concern
News  |  8/26/2011  | 
Two recent studies show FIs are making some headway against cybercrime, but other types of fraud are on the rise.
Verizon, Intuit Partner on Mobile Payments
News  |  8/25/2011  | 
GoPayment app will now be available at Verizon Wireless stores and B2B channels.
ACI Increases Offer to Acquire S1
News  |  8/25/2011  | 
The battle for S1 continues as ACI puts a higher offer on the table and urges S1 stockholders to vote against the Fundtech merger.
Cognizant Selected by U.K. Regulatory Body to Support IT Systems
News  |  8/24/2011  | 
The business processing outsourcer will support and develop systems to help the U.K. Financial Services Authority boost its efficiencies.
Ramnit Virus Targets Banks
News  |  8/24/2011  | 
A well-known file-attacking worm has morphed into financial malware and is attacking FI's.
Online Banking Software Vendor Parseq Mulls Takeover Bid
News  |  8/23/2011  | 
The company's own CEO makes an offer to buy the online software banking outfit.
In Search of Systems Integration
Commentary  |  8/23/2011  | 
Seventy percent of any bank system is as close to perfect integration as it gets.
Protecting Data During a Major Merger
News  |  8/22/2011  | 
First Tech Credit Union and Addison Avenue Federal Credit Union leverage Websense Triton to help protect a large amount of data during and after their interstate merger.
Accenture to Acquire Zenta
News  |  8/22/2011  | 
Move will expand Accenture's business process outsourcing capabilities as it rolls out new credit services arm.
S1 Mails Proxy Materials for Fundtech Merger
News  |  8/22/2011  | 
S1 execs say that a merger with Fundtech will benefit stockholders, while a merger with ACI Worldwide could destroy stockholder value.
Reinventing Business Processes to Win Wealth Management, Lending Customers
Commentary  |  8/21/2011  | 
Adding complex event processing capabilities to business process management can help banks create a holistic monitoring system.
CEB Report: Consumers Don't Trust Their Banks
News  |  8/19/2011  | 
The latest survey from Corporate Executive Board reveals that globally, customer confidence in financial institutions has dropped since last quarter.
Huntington Bank Announces New Chief Risk Officer
News  |  8/18/2011  | 
Helga Houston will replace the bank's current chief risk officer, Kevin Blakely, when he retires at the end of this year.
SunTrust Hires Industry Veteran to Oversee Consumer Unit
News  |  8/17/2011  | 
Former Citigroup and Bank of America executive Brad Dinsmore joins the company as the EVP of consumer banking and private wealth management.
Ready or Not: Time to Prepare for New Approach to Liquidity Risk
Commentary  |  8/17/2011  | 
Banks will be required to have comprehensive liquidity risk management programs and must be able to clearly identify and assess enterprise-wide liquidity risk under normal and extreme market conditions -- as well as develop strategies to effectively bridge liquidity gaps.
4 Keys to More Holistic IT Security
Commentary  |  8/17/2011  | 
Financial institutions looking to revamp IT security in the wake of several data breaches at major companies must move beyond a one-size-fits-all approach to one that’s more holistic.
Drama and Intrigue in the Core Systems Market
Commentary  |  8/17/2011  | 
What was once a boring state-of-technology-in-banking report could now serve as a movie script for Oliver Stone.
Consumers Say E-Banking Security Should be Banks' Top Priority
News  |  8/16/2011  | 
The majority of respondents in a recent Zogby Interactive poll reveal high expectations for security of online banking.
Visa No Longer World's Largest Card Scheme
News  |  8/12/2011  | 
A recent Retail Banking Research study shows that China UnionPay has surpassed Visa to become the largest card scheme in the world.
The Tech Requirements of Courting Gen X and Gen Y
News  |  8/11/2011  | 
Courting Gen X and Gen Y customers requires an investment in infrastructure.
CSI to Acquire HEIT
News  |  8/11/2011  | 
With this purchase, Computer Services, Inc. would add cloud-based managed services to its offerings for U.S. financial institutions.
Fundtech Releases Results of Customer Poll
News  |  8/10/2011  | 
Bank executives surveyed for the annual poll indicate an increase in mobile corporate banking demands and fraud monitoring concerns.
The New Battleground in Customer Experience
News  |  8/9/2011  | 
The new battleground in customer experience is not simply about building better websites and branches; it's about defining the brand and ensuring consistency and effectiveness across channels to win customers' loyalty.
Caixa Invests US$30 in CRM
News  |  8/9/2011  | 
Caixa Economica Federal adopts Infor CRM Epiphany as best-of-breed replacement for its existing home grown solution.
Redefining the Customer Experience
News  |  8/9/2011  | 
ING Direct USA president and chairman Arkadi Kuhlmann discusses the user experience with BS&T.
"My Way" Is the Right Way for Bank Customers
Commentary  |  8/8/2011  | 
What's in your bank's wallet of offerings?
Capital One Launches Android Mobile Banking Application
News  |  8/8/2011  | 
Capital One launches Android mobile banking application; adds app to digital offerings that include iPhone app, SMS text, chat, Twitter and Facebook.
Face-to-Face Banking -- With a Video Twist
News  |  8/7/2011  | 
Video-based personal teller machines are helping Five County Credit Union extend its reach while shrinking its footprint.
Analysis: Verizon and Amex Serve Take on Google Wallet
News  |  8/4/2011  | 
American Express's Serve mobile payment technology hits Verizon phones this fall, taking on rival Google Wallet.
SAP vs. Oracle: Customers Avoid Choosing Sides
News  |  8/3/2011  | 
Will it be the apps vendor's innovation or the stack vendor's one-stop shop? IT hedges its bets.
Q&A: BB&T's Mobile Banking Channel Manager
News  |  8/2/2011  | 
Bank Systems & Technology caught up with Patricia Kinney, mobile banking channel manager and VP at the Winston-Salem, N.C.-based bank, to learn more about BB&T's "simple" approach to mobile.
Could a Major Security Breach Be on the Horizon?
News  |  8/2/2011  | 
Although financial institutions have to date largely escaped the fate of the U.S. government and other industries, security experts warn that it's only a matter of time until a bank suffers a major breach from a cyber attack.
KPMG Study: Reconsidering the Underserved Market
News  |  8/2/2011  | 
Banks have barely tapped the $1 trillion market of the unbanked and underbanked. According to a recent KPMG study, they do so profitably with the right tools and risk management practices.
Breaking Down Capital One’s Acquisition of ING Direct: One Eye on the Present, One Eye on the Future
News  |  8/1/2011  | 
With many financial services institutions currently working on a strategy to appeal to younger consumers, Capital One, with the acquisition of ING Direct, has adopted the strategy of buying them. But the bank will face challenges in retaining and cross-selling to ING Direct’s customers.
New Strategies for Retail Banks in the Post-Crisis Era
News  |  8/1/2011  | 
Ernst & Young's 2011 Global Banking Survey identifies the challenges and operational implications of refocusing on the consumer, especially when considered in combination with the host of regulatory changes being implemented.
Verizon to Offer American Express Digital Payment Platform
News  |  8/1/2011  | 
Verizon Wireless will integrate Serve, American Express' digital payment and commerce platform on many of the wireless carrier's mobile phones and tablets.
FATCA: The Data Challenge
News  |  8/1/2011  | 
The US Foreign Account Tax Compliance Act (FATCA) will have a significant impact on financial institutions' data gathering and processing capabilities.
What's the Better Capture Solution: Branch or Teller?
News  |  8/1/2011  | 
The pros and cons of branch capture and teller capture paperless check processing options.
Banks Displayed a Strong Preference for the Outsource Method of Core Processing in 2010
Commentary  |  8/1/2011  | 
Regulatory change is driving more banks to consider outsourced core processing options.


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