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Web Watch: What’s Going On Online

Words of Wisdom from Art Gillis

Lunch Money

April 4, 2006

***What does $50.24 billion mean to you?

It means two things to me -- the net worth of Bill Gates and the amount of money it takes for 17,823 U.S.-based financial institutions to drive their technology for one year (2005). And this is why I keep harping on tech vendors to raise their sights on the big guys.

The Check's in the Mail

March 31, 2006

***If I believed every Internet offer, I'd be richer than Bill Gates, look like Brad Pitt, travel the world for free and get dinner invitations from Sharon Stone. Fat chance.

Does anyone fall for these offers? Am I too skeptical? Do I really have relatives in Nigeria who bequeathed large sums of money to me? Is it possible that some day we'll see a more ethical Internet? The answer is YES -- if we can count on history to repeat itself.

Can I Bum a Smoke?

March 29, 2006

***Forget offshore outsourcing -- the best way for bank tech companies to improve earnings is to dump their marketing departments.

Today, smart bankers buy their technology, and, therefore, vendors are a critical piece of their performance equation. So as the vendors go, so goes the performance of technology in the banks. ... Customers are singing the virtues of their vendors these days. And they're doing it far better than the marketing departments of their vendors, which are still using buzzwords from the '80s and ads that look like cigarette ads from the '50s.

Art Gillis has been telling it like it is in banking technology for 36 years. To read more of his observations, visit www.banktech.com/blog.

One-Stop E-Payments Shop

An industry group, led by NACHA, has launched a new, interactive Web site to educate consumers, businesses and financial institutions about the benefits of using electronic payments, such as direct deposit and direct payment.

www.electronicpayments.org

Data Security: Out to Lunch

Read InformationWeek Online Editor-in-Chief Tom Smith's take on corporate mishandling of confidential information (or listen to the podcast), which he classifies as "complete corporate and government ineptitude."

informationweek.com/show Article.jhtml?articleID =184401049

Archipelago CTO Steve Rubinow on IM Use

In this exclusive Wall Street & Technology podcast, Rubinow discusses the impact of instant messaging on the securities industry as well as the ins and outs of technology from a security and compliance standpoint.

www.wallstreetandtech.com/blog/02

Low Expectations Can Be a Blessing for Microsoft

TechWeb's Antone Gonsalves discusses why the delayed release of Vista won't do much to hurt Microsoft's reputation -- it's just business as usual as far as analysts are concerned. internetweek.cmp.com/blog/ archives/2006/03/ for_microsoft_l.html

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