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FIRST UNION HAS HATCHED plans to pilot the Internet bill delivery and payment service of TransPoint, the Denver-based venture of Microsoft, First Data Corp. and Citibank. The move came a […]

Spurred by a need to serve a growing national clientele, Chicago-based Harris Bank and its parent company, Bank of Montreal (BMO), are building a nationwide, image-based wholesale lockbox network. The […]

Following up on a major plan to boost cash management offerings, First Union has launched WebACHieve, a service aimed at providing customers a speedy, secure way to make electronic funds […]

ALAN VERSCHOYLE-KING, head of cash management for European operations at Bank of America, San Francisco, says that with the EMU, U.S. banks stand ready to capitalize on their heavy technology […]

THE AMERICAN BANKERS association has launched an electronic commerce subsidiary, called ABAecom, that will function as a root certification authority (CA) for banks and maintain a database of genuine bank […]

Chase Texas & Dallas Fed Blaze Path To Hone Check Processing As the banking industry unfurls plans for combining electronic check presentment (ECP) with image, Chase Bank of Texas is […]

BRUCE LUECKE, president of the Interactive Delivery Services unit at Banc One, says the Columbus, Ohio-based bank is ready to bundle electronic bill presentment into its on-line banking service. Now […]

AFTER A SPATE OF OVERSEAS implementations, Secure Electronic Transaction (SET), the Visa- and MasterCard-developed protocol for securing Internet credit-card transactions, has gone live in North America. Paradata Systems, a British […]

The financial services technology Consortium (FSTC) has released the initial version of its Bank Internet Payment Systems (BIPS) specification. The move followed a year of prototype testing at Glenview State […]

Milwaukee-based Firstar Bank has out-sourced part of its check research and adjustments operation to Mirror Imaging, South field, Mich. Items older than 13 months -- accounting for about 20% of […]

Regions Financial Corp., Birmingham, Ala., has licensed ABACUS from FICS Group, Brussels, Belgium, to provide an integrated solution for federal regulatory reporting requirements. The $33 billion bank began internal testing […]

Bank of Montreal (BMO) is extending its market risk management system to include the interest rate products of BMO, its Nesbitt Burns investment unit, and Chicago-based Harris Bank, its U.S. […]

Banks Move To Lock Out Electronic Attackers Recently discovered cracks in the walls guarding electronic transactions are spurring banks to step up assessment of technology-related risks. Though the "breaches" haven't […]

JOSEPH SPONHOLZ, vice chairman of Chase Manhattan Bank, New York, was named head of Chase Technology Solutions last December. Managing technology in a nearly $400 billion enterprise calls for equal […]

A unit of ABN AMRO North America has solved a major technical problem in object-oriented (OO) development: mapping business objects to their underlying data. The problem "is one of the […]

The first smart card-enabled SET (Secure Electronic Transaction) transaction over the Internet has been demonstrated in a pilot involving the U.S. Treasury, Zions First National Bank, Mellon Bank, Visa, MasterCard […]

In a push for component-based software development, First Union is promoting software reuse enterprisewide by spreading development costs among business units. The $220 billion bank's central IT organization is charging […]

In a move to power electronic commerce, banking and technology groups are working to create a standard that would facilitate the exchange of complex financial documents over the Web. The […]

THE FINANCIAL SERVICES TECHNOLOGY Consortium (FSTC), Chicago, has officially launched its PACES (Paperless Automated Check Exchange and Settlement) project, which is aimed at developing image-based check truncation systems in the […]

Major banks are seeking ways to meld their various risk management activities -- traditionally performed by separate areas -- into a single enterprise risk management (ERM) system. Institutions well into […]

IBM and Equifax have allied to offer digital certificate services to banks and other businesses. IBM has licensed its Vault Registry digital certificate software to Equifax, an Atlanta-based information services […]

Union Bank of California (UBOC) plans to roll out NCR's ImageMark proof-of-deposit (POD) system to its check processing centers in Oakland, San Diego and Monterey Park, Calif., beginning this summer. […]

The introduction of the euro on Jan. 1, 1999, stands to shake up the banking system in Europe and worldwide. Bankers say the creation of a liquid, pan-European capital market […]

Bank are stepping up efforts for object-oriented development to support critical business processes Driven to be acquisition-ready and to deliver services via the Web, banks are viewing their technology infrastructure […]

In a move to help fuel growth, California Federal has wrapped up the rollout of a new teller and platform delivery system from Software Dynamics, Chatsworth, Calif.. Software Dynamic's ZEUS, […]

M&I Data Services, Milwaukee, and North Communications, a Marina Del Rey, Calif.-based designer of transactional kiosk networks, have teamed up to give consumers the ability to access bank Web sites […]

Zions First National Bank, Salt Lake City, has become the first bank to receive approval from the Office of the Comptroller of the Currency to act as a certification authority […]

THE FEDERAL RESERVE BOARD has reiterated its intent to continue its check processing and automated clearinghouse (ACH) payments activities, while promoting electronic check presentment (ECP) and other efficiencies in the […]

M&T BANK ($52.9 billion in assets) takes seriously the threats posed by phishing and pharming attacks as well as spam, spyware and identity theft. Though it has been hit with […]

JPMORGAN CHASE is striving to achieve a unified financial and logistics supply chain. With its acquisition this year of trade management software provider Vastera, New York-based JPMC is offering a […]

THROUGH their investment subsidiaries and custody divisions, banks--which plug into high-value payment systems for clearing and settlement of trades--are a pivotal hub in electronic trading. Last year; Banc of America […]

SINCE LAUNCHING one of the first Internet banking sites 10 years ago, Salem Five Bank (Salem, Mass.; $1.8 billion in assets) continually has melded technology to meet changing business requirements. […]

chris Wren, Managing Director and Chief Operating Officer, HVB Americas David Dart, Chief Information Officer, HVB Americas HVB Americas spent the past five years implementing a new technology architecture that […]

The U.S. financial services industry will spend about $60 billion on IT this year, split among banks, securities firms and insurance companies. In an industry whose only tangible product is […]

Adorned with balloons, a FleetBoston branch across from New York's Grand Central Terminal celebrated its grand opening one recent evening as commuters dashed to catch trains to the New York […]

Consumers indicate a growing desire to make small value purchases by debit card, according to the most recent nationwide consumer survey conducted by Star Systems. The most popular type of […]

Two deals last month by Wells Fargo, one involving electronic bill payment and the other consumer-to-consumer payments, hold clues about trends in online banking. Moves by the San Francisco-based bank, […]

MasterCard and Visa are pondering their next moves following last month's ruling in the antitrust case brought by the Justice Department on behalf of American Express and Discover. The decision, […]

Clamoring for ways to snare new customers and squeeze more revenues from the ones they have, financial institutions are seeking CRM solutions that build enterprise-wide front-office sales systems. Customer relationship […]

As the search in the wreckage of the World Trade Center and Pentagon shifted from survivors to bodies, and as the United States prepared to dig in for a long […]

Customer relationship management (CRM) vendors have responded with an array of solutions aimed at converting the information stored in data warehouses into sales ammunition that can be used across all […]