News & Commentary
Content posted in September 2005
Treasury Says, "Go Direct!"
News  |  9/30/2005  | 
The U.S. Department of the Treasury and the Federal Reserve Banks, as part of the Go Direct campaign, will begin a national television advertising campaign on Oct. 4 to motivate Social Security and Supplemental Security Income (SSI) recipients to switch to direct deposit. The ads will air for three to four days a week around the beginning of each month - the time when many people get their federal benefit checks in the mail. The ads will be on a variety of cable networks including
Deep in the Heart of Gandhinagar
News  |  9/30/2005  | 
"Now I know Texas like I know Gandhinagar"
- Madhavi Patel, call center employee

Hot Line for Hurricane Rita Victims Rang at India Call Center Thanks, pardners!
Coming Soon to an Informercial Near You!
News  |  9/29/2005  | 
Do you have a lot of loose change lying around the house? Don't want to spend time putting it into those pesky coin sleeves? No "Coinstar" machine at your local grocery store? Then this service is for you. Just pack up your coins and mail them to Fayetteville, Arkansas, where they'll count the coins for you and send you a check within 7 to 10 days! You can then use the money to buy comic books, so that you can assess the relative riskiness of
Life Insurance for Comic-Book Characters
News  |  9/29/2005  | 
Asked to assess the life insurance needs of five fictional characters, Americans believe superheroes Batman and Spiderman have much greater needs than cartoon parents Fred Flintstone and Marge Simpson.
Source: PR Newswire
Only 18 percent answered "none of the above/don't know," a category combining those who realize that fictional characters do not need life insurance with those who simply can't decide whethe
Chickens Come Home to Roost
Commentary  |  9/29/2005  | 
Last month in his column, Executive Editor Ivan Schneider discussed his credit union's conversion from Galaxy Plus Credit Union Systems' Internet banking service to Digital Insight's consumer online banking platform ("Welcome Home, Chickens").
People Who Need People (And Their Money)
News  |  9/29/2005  | 
U.K.-based Zopa offers an unusual twist to lending, cutting banks out of the loop.
Mergers & Acquisitions
News  |  9/29/2005  | 
Technology assets can be the drivers behind a merger or acquisition, and integrating systems post-merger often presents the biggest challenge to realizing the value of a deal. To navigate M&As successfully, banks must establish a plan and communicate it across the enterprise.
Cleaning Up
News  |  9/29/2005  | 
After Hurricane Katrina, a Bank Turns to Money Laundering http://www.nytimes.com/2005/09/29/business/29hancock.html
"It will take up to at least half a year to reconsolidate." —John Hairston, chief operating officer, Hancock Bank (Gulfport, Miss., $4.7 billion in assets)
The Brazilian Job
News  |  9/29/2005  | 
The thieves spent three months tunneling under a busy city avenue in Fortaleza, about 1,500 miles northeast of Sao Paulo, to break into the Central Bank vault and steal the equivalent of $70 million in Brazilian currency, the real.
Georg
News & Rollouts: Postbank Basks in the Sun, and more
News  |  9/29/2005  | 
Vontu Monitors Data Traffic; Worksoft Puts Software to the Test; MagTek's Attractive e-Security Solution; Postbank Basks in the Sun; SunTrust Boosts Corp. Trust Services; Sales and Service at American State; Filipino Bank Sheds Its Legacy
A Guiding Voice
News  |  9/29/2005  | 
National Australia Group enables blind to bank at ATMs with Text-to-Speech solution.
An Army of One
News  |  9/29/2005  | 
KeyBank taps Xerox for device management to improve efficiency and information security.
Musical Chairs
News  |  9/29/2005  | 
Software upgrade enables Commerce Bank to shuffle tech staff among projects efficiently.
Prim and Proper
News  |  9/28/2005  | 
In project management, the more formal the process, the better
Work Without Wires
News  |  9/28/2005  | 
Most companies are content with a couple of Wi-Fi conference rooms, but Capital One thinks a wireless campus will spur game-changing brainstorms. Is it time to reconsider the potential of wireless?
Is the End of Cash at Hand?
News  |  9/28/2005  | 
The ubiquity of technology among Generation 'E' is pushing e-payments ever closer to mass adoption.
Boosting the Trade Finance Value Proposition
News  |  9/28/2005  | 
JPMorgan Chase is striving to achieve a unified financial and logistics supply chain.
Exec News
News  |  9/28/2005  | 
CEOs Have Love/Hate Relationship With IT
News  |  9/28/2005  | 
Gartner report illustrates gap between business and IT.
Big Deals
News  |  9/28/2005  | 
ABN AMRO Outsources to Gain Efficiency
News  |  9/28/2005  | 
Bank sheds nearly two-thirds of IT head count.
SVPCO Adds Settlement to Image Exchange
News  |  9/28/2005  | 
Combination grants competitive edge, according to payments execs.
Open for Business
News  |  9/28/2005  | 
In the aftermath of Hurricane Katrina, banks' disaster recovery capabilities are put to the test.
ROI Doesn’t Matter
Commentary  |  9/28/2005  | 
When does an opportunity become an obligation?
HMDA and You
News  |  9/28/2005  | 
Yesterday's webcast on the implications of the release of data under the Home Mortgage Disclosure Act ("HMDA") was quite a success. Although the intent of HMDA was to provide transparency on lending practices, perhaps its most significant effect will stem from the ability for mortgage lenders to use this as a new source of competitive data on 8,853 financial institutions. The data includes information on loan pricing and the type of loan (e.g. loans for manufactured housing, loans secured by fi
Swedish Retirement Plan
News  |  9/28/2005  | 
The chairman of Swedish bank Svenska Handelsbanken AB will step down from his post next year to go sailing around the world, the bank said Tuesday.
Searching for acquisitions, perhaps?
Where Credit is Due
News  |  9/28/2005  | 
Party's over, folks.
WASHINGTON, Sept. 28 - Credit card loan delinquencies reached a record high of 4.81 percent of accounts in the second quarter of this year, according to the American Bankers Association's Consumer Credit Delinquency Bulletin.

In calculating these results, ABA incorporated revised information on the first quarter delinquency rates. As a result, the credit card loan delinquency ratio for the first qua
Fraud Still an Uphill Battle for Card Cos.
News  |  9/27/2005  | 
According to Reuters, the fight against cyber thieves has reached a stalemate, and millions will have to be spent over the next decade to combat them.
Back In The U.S.S.A.
News  |  9/27/2005  | 
I just flew back from Europe, and boy, are my arms tired - from shlepping my luggage from place to place. It was a three-week, seven-country tour of Europe where I freely mixed business and pleasure. (If you like your work, it's always a pleasure.)
Credit Companies Promise Tighter Security
News  |  9/26/2005  | 
The big three U.S. credit reporting firms said they will jointly develop a common encryption scheme to better protect sensitive customer data.
Open Source Goes Corporate
News  |  9/23/2005  | 
Financial firms including ABN Amro, E*Trade and Fidelity Investments are among the big businesses opening their doors to the Linux software stack.
Katrina Spurs Small Bank To Finally Put Up Website
News  |  9/23/2005  | 
The destruction wrought by Katrina caused Mississippi River Bank to build its first Website in order to communicate effectively with customers and employees.
Financial Firms Declare War On Hacking
News  |  9/22/2005  | 
The focus is on eliminating vulnerabilities by building security into applications rather than relying on perimeter security tools.
Top Company: What's In Capital One's Wallet?
News  |  9/16/2005  | 
An information-driven strategy that blends all areas of business.
Banking System Defiant in Katrina’s Aftermath
News  |  9/13/2005  | 
In the wake of Hurricane Katrina, banks' disaster recovery plans and backup systems are put to the test.
Watchfire GomezPro -- Online User Authentication: Verifying the New User
News  |  9/13/2005  | 
Banks must balance ease of use with security needs as they weigh two-factor authentication and other means to strengthen log-in security.
IT Leaders Spend More, Study Says
News  |  9/12/2005  | 
After years of spending less on IT, world-class organizations earmark more dollars for technology to improve corporate efficiency, a new study reveals.
Broken by Katrina
News  |  9/7/2005  | 
Those whose lives were irrevocably ripped apart by Hurricane Katrina face numerous pressing issues, including but not limited to finding water, food and shelter, locating one's family members, and coping with the shock and grief stemming from the immense scale of death and displacement. There's also the matter of determining whether the loss of property is total or partial, and making the decision on whether to uproot from the Gulf Coast or plan for rebuilding.
SWIFT Releases ROI Study for GE
News  |  9/6/2005  | 
GE Corporate Treasury saves $10.5 million using SWIFTNet.
SVPCO Adds Settlement to Image Exchange
News  |  9/6/2005  | 
Combination grants competitive edge, according to payments execs.
Sibos 2005 Product Announcements
News  |  9/6/2005  | 
A handful of product highlights show industry's progress in payments.
Hurricane Katrina
News  |  9/5/2005  | 
The horrifying devastation wrought by Hurricane Katrina on the Gulf Coast calls for a unified and rapid response. From humanitarian assistance to financial forebearance, the need is great and the solutions are difficult. What's certain is that the lives, homes and businesses of the people across an entire region of the country will certainly need the support of the financial industry. Several questions come to mind: How has the disaster affected you and your institution? How can banks help peo


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