Payments Transformation: One Step at a Time [ Source: Sterling Commerce ]
May 2008- Although noncash payments continue to grow globally at approximately 12% compound annual growth rate, in the current competitive market, banks must find a way to increase margins. The most daunting challenge in the near term may well be the need to refocus future investments in “wholesale” payment and cash management services. Banks need to transform their payments services from siloed products that support a single payment method to a convergent, more holistic set of services. They ...

Tokenization Buyer's Guide [ Source: Intel ]
October 2012- PCI DSS expert and QSA Walter Conway takes you on a deep dive tour of tokenization techniques and their merits. He also demystifies tokenization by discussing use cases, comparing tokenization vs. encryption and providing various alternatives for implementing tokenization. Finally, Walter provides guidance on how to prepare for implementing tokenization and select a solution appropriate for your needs.

Bank of Scotland Automates Payments and Receipts Processing with TLM [ Source: SmartStream Technologies ]
August 2008- Transaction Lifecycle Management (TLM) software solutions can deliver sustainable ROI through business transformation that's both effective and non-disruptive. Bank of Scotland: Bank of Scotland (Ireland) automated its Payments and Receipts processing with TLM to create a centralized process management hub that delivers greater operational control and lowers costs while improving customer service. Find out how the TLM solutions deliver a single, global view across all currencies and accounts in real time.

Customer-Centricity - Strategy for Survival [ Source: SunTec Business Solutions ]
July 2008- Customer relationships have taken center stage in the financial services industry today. In order to sail through the tough competition and sustain revenues, it is important for financial institutions to focus on retaining their profitable customers. Aiming to achieve customer-centricity, banks around the world have implemented various strategies -– some are enterprise-wide strategies while others are departmental -- but they still fall short of achieving substantial success. In essence, it is essential for banks to ...

Suntrust Improves Check Disbursement and Data Security with CSC's CheckVision [ Source: CSC ]
February 2007- In the face of banking industry challenges, and to continue its business strategy of being a trusted financial service provider, SunTrust identified treasury management technology as a way to continue to enhance its business and commercial product offerings. At the same time, SunTrust’s Enterprise Technology Risk Management program mandated improved ways to identify, measure, and manage risk for the bank and its clients. As one step to meet its division goals, SunTrust consolidated its ...

Managing costs through enterprise performance improvement [ Source: BearingPoint ]
March 2008- The combination of a depressed housing market, an increase in criteria for loan qualifications, fewer financing options, a decrease in interest rates, mortgage portfolio write-downs and write-offs, and the overall effect of the subprime crisis is forcing banks to re-evaluate how they do business from the top down and bottom up. The industry remains highly regulated and must devote numerous resources to anti-money laundering (AML), the Bank Security Act (BSA) and capitalization requirements promulgated by ...