Archives
THE RISE OF E-PAYMENTS Mobile Domination: Who Will Be the Google of Mobile Payments? The many competing mobile payment schemes in the U.S. have created 'a mess,' according to experts. Banks (including Bank of America), MasterCard, Visa, PayPal, telecommunications companies and others all have skin in the game. But who will dominate? BofA Tests Online Banking, Online Payments for Corporate Clients Online global payment hub expected to go live with entire customer base in the first quarter of 2011. AT&T and Verizon to Support Contactless Payments AT&T and Verizon Wireless have signed on to support integrated contactless payments on their phones, giving the technology a much-needed boost. CASE STUDY CFE Federal Credit Union Goes Virtual, Replaces 300 Desktop Computers CFE Federal Credit Union significantly reduces its total cost of ownership by replacing 300 traditional desktops with palm-sized solid-state virtualization cubes from Pano Logic. |
FROM THE EDITOR What Were They Thinking?: Banks' Foreclosure Documentation Mistakes It’s shocking that, regardless of the volume of cases they had to administer, any bank would even consider cutting corners in processing foreclosures. CARD WATCH Five Strategies for Post-CARD Act Success With new restrictions in place, banks must employ analytic insights more than ever to keep their card businesses profitable, advises FICO's Lynda Woodward. ANALYTICS WATCH Financial Services Firms Unprepared for Risk Analytics Most financial services professionals do not feel that their institutions are prepared to handle the growing needs for in-depth business and risk analytics, according to an InformationWeek Financial Services Analytics study. INDUSTRY WATCH Top 7 Ways Basel III Affects U.S. Banks and Their IT Departments New capital rules will drive banks to use new risk models and perform data integration projects. Chase's Online Banking Outage Shows it's Not About the Medium, but the Message In today's wired world of social media and instant information, banks need to proactively communicate with customers during times of crisis or risk raising their ire, as JPMorgan Chase recently found out. Bank of the West Builds Online Payment Portal for Small Businesses Plans to roll out online bill payment to small business clients in the first half of 2011. THE INNOVATION FACTOR The Final Electronification Frontier In the march toward payments electronification, pushing clients to embrace electronic-based processing will require banks to understand the reasons for their resistance, writes Fifth Third Bancorp SVP Jeff Ficke. EXECUTIVE WATCH Two River Community Bank Names Werner New COO Middletown, N.J.-based Two River Community Bank has announced that Robert C. Werner has been named senior vice president and chief operating officer. Citi Taps Amex's Linville to Run Cards Citigroup has hired Jud Linville as CEO of Citi Cards. VIST Financial Hires Acanfora as CIO Acanfora will be responsible for overall strategy, leadership, management and execution related to existing and new technology for the insurance, banking and wealth management lines of business within VIST Financial. |
