By Alenka Grealish, Celent Communications | January 17, 2003
Heightened competition from non-banks, a persistent bearish market, and a general erosion of consumer confidence will continue to influence banks' IT decisions in 2003. In particular, Celent expects banks to step up their privacy, security, and risk management efforts.
The end of the check-clearing paper trail is getting closer.The SVPCo uncorks plans for a service that will enable banks to stop moving paper checks around the country and start sending electronic data and check images instead.
Farmers and Mechanics Bank say goodbye to the headaches of printing and mailing statements. The institution will soon be adding check imaging capabilities to its current Web banking offering through its purchase of the iMagic platform from Open Solutions.
By Ivan Schneider | December 10, 2002
Banks circle the open seats in the check clearing game.
Attempted check fraud at the nation's banks surpassed $4.3 billion in 2001, doubling for the second time in four years, according to the latest American Bankers Association Deposit Account Fraud Survey Report.