|
|
|
Computerworld Clips
Outsourcing in China
Unlike India’s large and thriving outsourcing industry, China’s is still immature and fragmented, with few companies attaining high-level international certifications. Moreover, most of the IT outsourcing that happens in China today serves that country’s domestic market, such as the financial services sector.
Computerworld Feature (November
2006)
Language Barriers
Among the various sourcing peculiarities and problems specific to China is regionalism, says Pieter Tsiknas, director of SearchBank's Beijing office.
Computerworld Feature (June
2006)
Bridging the Chinese Skills Gap: Despite vast numbers of IT graduates, suitable talent is hard to find
Hankscraft Inc. has been making industrial motors and mechanized pumps for more than 50 years in Reedsburg, Wis. The company came to China just three years ago but already has twice as many employees here as it has at home. Jonathan Funkhouser, who is general manager of Hankscraft's China operations and who makes the top-level technology decisions, thought it was going to be hard to get all the government approvals he would need in order to set up shop in China. But that turned out to be the easy part. "Finding good employees and managers was the most difficult," he says.
Computerworld Feature (June
2006)
Saving face in China: Good IT can bridge the cultural gap
In the West, companies want to put on a good face for customers, even if it means having to admit mistakes. Righting wrongs is a big part of a good public image, and a good internal image as well. In the East, particularly at traditional companies, saving face is important. Saving face means that you don't admit your own mistakes and you don't publicly humiliate co-workers by exposing their mistakes.
Computerworld Feature (May
2006)
Russia
and Eastern Europe: There's a treasure trove of scientific talent -- and
lots of government bureaucracy.
Compared with some of the big-league outsourcing players, Russia
is a rookie. The country's current revenue from IT outsourcing is $150
million to $200 million annually, a drop in the bucket compared with India's
yearly draw of $6 billion. But, though little more than a decade old,
Russia's outsourcing industry is learning to play to its strengths and
is growing by 50% annually, analysts say.
Computerworld Feature (September
2003)
Piecing
It All Together
Enterprise application integration projects remain a top IT priority for
2003
Computerworld Feature (July
2003)
Snapshot:
Corporate Express Inc.
A quick look at the status of Corporate Express' enterprise application
integration projects.
Computerworld Feature (July
2003)
Snapshot:
Mennonite Mutual Aid Association
A quick look at the status of MMAA's enterprise application integration
projects.
Computerworld Feature (July
2003)
Cost
Savings and Collaboration Drive B2B E-Payments
Electronic invoicing and bill presentment (EIPB) can save millions in
payment processing costs for both buyers and suppliers. But incompatible
technologies make it difficult for companies to choose and deploy any
one EIBP system -- especially when trading partners may pick a competing
one
Computerworld Feature (October
2003)
Bringing
Suppliers on Board
Sprint Corp. is motivating its suppliers to process bills online by getting
them their money faster.
Computerworld Feature (September
2003)
Web
Services
Web services are a new class of applications that can talk and work with
one another over the Internet.
Computerworld Feature (September 2001)
Connecting
With The Top Brass
Effective communication -- including the ability to describe technology
issues in business terms -- is key in connecting with the corner office.
Computerworld Feature (June 2001)
Banks
Start Looking at Web Site Insurance
Along with the new opportunities that the Web has brought banks come several
risks. That's why banks are starting to invest in online-banking-specific
insurance.
Business Strategy Analysis (May 2001)
Outsourcers
Begin to Tap Russian Talent
Russia's "offshore" software industry is still in its infancy
but drawing Western adherents.
Computerworld Feature (April 2001)
Peer-to-Peer
Makes Inroads on Wall St.
Proponents of peer-to-peer computing say the technology promises to increase
Wall Street computing power tenfold while decreasing costs by the same
amount. First Union is already experiencing the savings.
Computerworld News Analysis (April 2001)
Tech
revolutionizes Russia's Central Bank
Using satellite communications to bridge 11 time zones, the Russian Central
Bank has crossed the digital divide into the 21st century.
Computerworld Feature (April 2001)
New
York Life Names Chief Privacy Officer
New York Life Insurance last week joined the likes of IBM and AT&T
by naming a chief privacy officer to uphold privacy standards and procedures.
Computerworld News (April 2001)
Nasdaq
Begins Trading Stocks in Decimals
The Nasdaq Stock Market caught up to the rest of the securities industry
-- and the rest of the world -- last week when it finally dropped fractions
and switched to decimal stock pricing.
Computerworld News (April 2001)
Layoffs
Hit IT Staff On Wall Street
With the downturn in the stock market, brokerage firms have watched their
commissions drop off - and are now cutting back on spending and staffing
to cut costs.
Computerworld News (April 2001)
Automated
Clearing House
The Automated Clearing House is a secure, private electronic payment transfer
system that connects all U.S. financial institutions. Direct paycheck
deposits and debit card purchases are two examples of electronic fund
transfers that go through this network.
Computerworld Feature (April 2001)
Insurance
Carriers Move to Crumple Paper Processes
Two insurance industry projects that promise to automate formerly paper-based
processes are going live this month, involving industry powerhouses The
St. Paul Cos., AIG and The Hartford.
Computerworld Feature (April 2001)
Report:
Big Iron Still Rules Wall Street
Mainframes will continue to perform key processing functions for the securities
industry for at least another decade, according to a new report from Meridien
Research.
Computerworld News (April 2001)
Wall
Street Releases Draft XML Standard
The RIXML.org Standards Committee has released a draft version of RIXML
1.0 that's aimed at giving brokerages a common language for describing
equity research.
Computerworld News (April 2001)
Mainframes
still rule on Wall Street
Mainframe computers will continue to perform key processing functions
for the securities industry for at least another decade, according to
a new report from Meridien Research.
Computerworld News (March 2001)
Tax
Portals Could Help Lower Costs
Corporate tax departments are often the last units to see big boosts in
IT investments, but technology can help reduce Uncle Sam's bite by lowering
preparation time and improving planning.
Computerworld News (March 2001)
Schwab
to lay off up to 3,400
Citing the stock market sell-off and an overcapacity for handling online
trading, Charles Schwab & Co. executives announced major job cuts
yesterday amounting to 11% to 13% of the company's workforce.
Computerworld News (March 2001)
ABN
Amro/Digital Island hosting trial scores 25% savings
ABN Amro, the world's 16th-largest bank, announced last week that an experiment
with outsourcing Web hosting has paid off with a 25% savings
Computerworld News (March 2001)
CheckFree
announces e-mail bill options
CheckFree, a leading provider of electronic bill payment services to banks,
announced a new product this week that lets billers replace their paper
bills with e-mail versions.
Computerworld News (March 2001)
Schwab,
CSFBdirect to cut jobs
Discount broker Charles Schwab and CSFBdirect said this week that
they would cut staff to reduce costs, in another sign that times are tough
for online brokerages.
Computerworld News (March 2001)
Users
turn to technology to help minimize tax costs
Corporate tax departments are often the last in line for big boosts in
IT investments, but that's beginning to change as some companies look
to technology to reduce their tax costs.
Computerworld News (March 2001)
European
bank outsources e-banking to save money
Amsterdam-based ABN Amro Bank, the world's 16th-largest bank, said a move
to outsource the systems that run a corporate banking e-commerce site
has helped reduce the costs associated with those operations by 25%.
Computerworld News (March 2001)
Report:
E-Tax Prep Needs Business Networks
Financial firms should join with tax preparation companies like H&R
Block and Intuit to automate the tax preparation process, a new report
says.
Computerworld News (March 2001)
CyberCash
files for bankruptcy, has new deal with Network 1
Instead of a merger with Network 1 Financial Corp., CyberCash Inc. has
filed for Chapter 11 bankuptcy protection and may have its assets sold
to Network 1 at auction.
Computerworld News (March 2001)
Banks
Enter Insurance Business Via Portals
Banks have begun moving into the insurance field by using Web portals
to offer cobranded products from partners in the insurance industry.
Computerworld News (March 2001)
Visa
offers to help e-merchants meet new security guidelines
Visa U.S.A. announced a program under which it and the banks that issue
its credit cards will provide assistance to online retailers that need
to comply with a set of security guidelines taking effect in May.
Computerworld News (March 2001)
CFOs
Race to Keep Up With New Technology
Financial chiefs who don't understand technology don't understand their
businesses, analysts warn
Computerworld News (February 2001)
Schwab
database glitch cuts users off from some information
Charles Schwab was forced to temporarily switch its online trading Web
site to a backup server yesterday, a move that blocked its customers from
receiving trade confirmation messages and from viewing previous trading
records.
Computerworld News (February 2001)
Online
securities marketplace OffRoad Capital cuts staff by 30%
Citing a business slowdown caused by market conditions, the company laid
off 41 of its 120 employees in its three offices.
Computerworld News (February 2001)
Wall
St. IT Women Trail Men in Pay
Women have almost completely caught up to men when it comes to IT salaries
on Wall Street, a new report says -- if sales jobs aren't counted. According
to a just-completed survey of 200 securities industry financial technology
professionals, the median income for men was $218,000 -- and only $143,000
for women.
Computerworld News (February 2001)
Brokerage
Joins Movement Away From Net Pure-Plays
In yet another example of the move away from Internet pure-plays, online
brokerage Suretrade will officially be folded back into parent company
Quick & Reilly as of March 3.
Computerworld News (February 2001)
Decimalization
Finds Its First Victims at Ameritrade
The first decimalization-related problem of the year has hit Ameritrade
customers.
Computerworld News (February 2001)
Accounting
Change May Affect Mergers
The Financial Accounting Standards Board last week voted unanimously to
approve an accounting rule change that could be a blow for corporations
that pursue acquisitions of technology firms.
Computerworld News (February 2001)
Here
Come Geeks, Lawyers and Money
Reviews of three nonfiction books, Pride Before the Fall by John Heilemann,
Unchained Value by Mary J. Cronin and Crypto: When Code Rebels Beat the
Government by Steven Levy, and a novel called Eyeball Wars by David Meerman
Scott.
Review (February 2001)
ISP
Juno Offers Financial Services
Juno, one of the nation's largest Internet service providers, opened its
own co-branded bank last December through a partnership and now plans
to offer its own branded brokerage services.
Computerworld News (January 2001)
SEC
OKs Nasdaq Trading System, Despite Objections
The Securities and Exchange Commission unanimously decided to approve
a new trading system for the Nasdaq Stock Market earlier this month, but
opponents are concerned about decreased competition and possible costs
to consumers.
Computerworld News (January 2001)
Web
Mortgages May Be Due For a Comeback This Year
Even though Mortgage.com may have folded late last year, it's too soon
to ring the death bell for the industry. Falling interest rates and increased
familiarity with the Internet lead more homeowners to look at online mortgages.
Computerworld News (January 2001)
CNN
to cut 400 jobs
In a trend among prominent media companies, CNN announced a reorganization
plan today in the wake of the AOL-Times Warner merger that includes the
elimination of 400 jobs, or almost 10% of its workforce.
Computerworld News (January 2001)
Prices
Could Rise for Banks With Merger of Aggregators
The recent merger between aggregation giants Yodlee and VerticalOne could
lead to higher prices for financial institutions that offer account aggregation
to their customers - but it could also serve to propel development of
specialized analysis services, analysts say.
Computerworld News (January 2001)
U.S.
Brokerages and Banks Push to Close Wireless Cash Gap
According to a new report by Celent Communications, the total number of
people worldwide who transfer money using wireless devices is expected
to increase from 4.6 million today to 60 million by 2004.
Computerworld News (January 2001)
Ameritrade,
J.P. Morgan to Lay Off Employees of Online Operations
Online brokerage Ameritrade Holding Corp. said last week that it will
lay off more than 300 employees, and Morgan OnLine confirmed that it will
lay off about 150 employees.
Computerworld News (January 2001)
Bridge
Financing
Bridge financing is short-term financing - usually a loan backed by equity
- that's used by a start-up to pay for operating expenses during negotiations
for a second-stage round of venture capital investment.
Computerworld Feature (January 2001)
Ameritrade,
J.P. Morgan to cut workers
Online brokerage Ameritrade said today that it will lay off more than
300 employees, and Morgan OnLine confirmed that it will lay off about
150 employees.
Computerworld News (January 2001)
Banks
Pushing Into B2B Portal Market
With a captive audience, a virtual product and a customer base that's
steadily moving online, banks have joined the rush to set up e-commerce
portals for their business and retail customers.
Computerworld News (January 2001)
FTC
Seeks Input on Revisions to Credit Card Data Privacy Guidelines
The U.S. Federal Trade Commission has issued a request for public comments
about a proposed set of data privacy guidelines that would affect companies
looking to share share credit records and other consumer information with
affiliated businesses.
Computerworld News (January 2001)
VeriSign
Error Releases Customer E-Mail Addresses
In what it called an "administrative error," one of the Internet's
best-known security and identity companies, VeriSign, released a list
of e-mail addresses of more than 5,000 customers.
Computerworld News (December 2000)
World
Bank Alliance Goes Live
A group of four major banks based in Europe and the U.S. said last week
they've gone live with a system that will guarantee identity of the players
making large electronic payments on business-to-business exchanges.
Computerworld News (December 2000)
Schwab
Tightens Spending
In response to a drop in customer stock trading, discount brokerage Charles
Schwab & Co. said that it would freeze hiring and review project spending.
Computerworld News (December 2000)
Online
Bond and Foreign Exchange Industries Probed
Officials in the brokerage industry confirmed that some financial services
firms have received letters from the U.S. Department of Justice asking
for information about their online bond trading plans.
Computerworld News (December 2000)
First
banks go live with online B2B payment system
A group of four banks based in the U.S. and Europe said they're starting
to use a system that provides identity confirmation and other security
mechanisms for processing large electronic payments between companies.
Computerworld News (December 2000)
DOJ
investigating online bond brokers
Officials in the brokerage industry confirmed that some financial services
firms have received letters from the U.S. Department of Justice asking
for information about their online bond trading plans.
Computerworld News (December 2000)
Discover
follows Amex with single-use credit cards
Following on the heels of American Express Co., which released a similar
product last month, Discover Card now offers customers single-use credit-card
numbers for online purchases. Analysts, though, question whether people
actually want disposable card numbers for shopping online.
Computerworld News (November 2000)
Integration
Key to New-Style Brokerage, Study Finds
The battleground for brokerage customers has shifted away from cost, according
to a new study. Today, brokerages are competing for customers based on
service and cross-channel integration, and the trend will only increase
in 202001.
Computerworld News (November 2000)
Citigroup
Opens Online Brokerage
Citigroup launched its online brokerage last week. Called CitiTrade, it's
a stand-alone brokerage - but may be coming too late to a crowded market
where online brokers are starting to offer everything from soup to nuts.
Computerworld News (November 2000)
Oracle
partners with Citigroup for B2B exchange
Oracle Corp. becomes the third company to ally with Citigroup Inc. in
an online commerce exchange.
Computerworld News (November 2000)
Market
Valuations
Market valuation: An estimated measure by investors and analysts of a
company's worth. Valuations can be based on assets, revenue, earnings,
cash flow or other factors.
Computerworld Feature (November 2000)
Internet
Changes Insurance Back Offices
Although lagging behind other financial services, insurance companies
have begun to use the Internet to change the way they run the back office
and communicate with agents.
Computerworld News (November 2000)
Banks
Join Forces With Online Account Aggregators
Brokerages, banks and portals line up to create single points of access
for many investment accounts—and begin to embrace wireless access.
Computerworld News (November 2000)
New
SEC Rule Pushes More Firms to Web
According to a new rule from the Securities and Exchange Commission, all
investors have the right to know about news that could affect a company's
stock price. And vendors are offering all kinds of information technology
to help customers comply with that rule.
Computerworld News (November 2000)
Citigroup
Launches Electronic-Cash Service
Last week, Citigroup announced its c2it service, which will be heavily
marketed as AOL Quick Cash to America Online's 28 million users.
Computerworld News (November 2000)
Schwab
Strikes Deal With AOL
America Online has aligned itself with Charles Schwab in the largest online
marketing deal ever for the brokerage.
Computerworld News (November 2000)
XML
Gains Momentum in Financial Services Industry
Yet another XML-based standard has been added to the library of different
protocols already being developed for financial services. RIXML -- Research
Information Exchange Markup Language -- promises to make it easier for
investors to share data about companies.
Computerworld News (October 2000)
Portals
Promise Smart Way to Route Trades
Wall Street's IT professionals learned about a new kind of trading system
at a technology conference in New York City last week -- a system that
could have enormous potential in changing the way trades are placed.
Computerworld News (October 2000)
First
Data Spins Off E-Payments Company
It may be a little late getting in the game, but Atlanta-based First Data
Corp. launched a $600 million electronic-payments company last week called
eOne Global LP.
Computerworld News (October 2000)
Volunteer
brings computers to the Bedouin
IT volunteers sent by the United Nations Information Technology Services
help Third World entrepreneurs explore the Internet.
Computerworld News (October 2000)
FleetBoston
Begins Offering Virtual Safe-Deposit Boxes
FleetBoston Financial is adding a new twist to its online banking services
business: virtual lockboxes that let users store important electronic
documents in password-protected accounts.
Computerworld News (October 2000)
Nasdaq
adds two new technology executives
Nasdaq Stock Market Inc. named a new chief technology officer and a systems
engineering vice president who are expected to help with key projects
such as a conversion to decimal-based pricing.
Computerworld News (October 2000)
Nasdaq
Changes Plan To Appease Critics
Nasdaq Stock Market last week announced additional changes to its proposed
SuperMontage front-end trading system in an effort to address concerns
about the technology that have been raised by the operators of private
trading networks and other critics.
Computerworld News (October 2000)
First
Data spins off e-payments company
It may be a little late in coming to the game, but Atlanta-based First
Data Corp. has finally launched an e-payments company, eOne Global.
Computerworld News (October 2000)
Out-of-bounds
perks?
When going out on a limb in asking for new job benefits, it helps to know
how far is too far.
Computerworld Feature (04 October 2000)
Wall
Street in fog over e-signatures
The law legalizing the use of electronic signatures went into effect yesterday,
but the measure set off alarms on Wall Street last week, as executives
said they were unclear whether the law's provisions regarding how to store
documents pertained to them. That's because the Securities and ...
Computerworld News (October 2000)
Nonprofit
Hopes Third World Procurement Goes Electronic
A Washington-based nonprofit organization, the Global View Network, hopes
to bring the Internet to the Third World and its governments' procurement
systems.
Computerworld News (October 2000)
Brokerage
firms nervous about conflicts between digital signatures law and SEC rules
At a Securities Industry Association conference, attendees expressed concern
about discrepancies between the new federal law on digital signatures
and existing Securities and Exchange Commission guidelines for sending
documents electronically.
Computerworld News (September 2000)
Nasdaq
changes trading system proposal to appease critics
The Nasdaq Stock Market Inc. modified its proposed SuperMontage front-end
trading system to try to win over private trading networks that fear the
new system would discriminate against them.
Computerworld News (September 2000)
Incorporating
a great idea
Every successful company starts with a customer need. Some students find
that market niche quite naturally
Computerworld Feature (September 2000)
Banks
Release Smart Cards
The U.S. has lagged behind Europe when it comes to the adoption of smart-card
technology, but that's about to change, as three banks -- Providian Financial
Corp., FleetBoston Financial and First USA Bank N.A. -- have announced
that they will soon be releasing Visa smart cards.
Computerworld News (September 2000)
Bank
One's Wingspan Fails to Take Off Online
Bank One is folding WingspanBank.com into its other Internet offerings,
but it will keep the site as a test lab for new online products.
Computerworld News (September 2000)
Bigger
Than Y2k
Shortening the settlement cycle from three days to one, known as T+1,
promises to be more expensive for Wall Street than Y2k -- and more complicated.
CIO Kurt Woetzel says The Bank of New York still has to convert from batch
Computerworld Feature (September 2000)
Top
Banks Launch Joint Site for Corporate Clients
Seven of the world's leading investment banks have announced plans to
launch a joint financial information Web site for their institutional
clients.
Computerworld News September 2000)
Citibank's
Aggregation Portal a Big Draw
Banks have begun to offer customers the chance to bring all their online
financial accounts onto one screen.
Computerworld News (September 2000)
Banks
announce release of Visa 'smart' cards
Three banks -- Providian Financial Corp., FleetBoston Financial and First
USA -- have announced that they will soon be releasing Visa smart cards.
Computerworld News (September 2000)
Top
investment banks team up on financial Web site
Seven of the world's leading investment banks plan to launch a joint financial
information Web site exclusively for their institutional clients.
Computerworld News (September 2000)
World
Leaders: IT Can Ease Globalization Woes
At two forums here last week, world leaders said information technology could play a key role in ameliorating the most adverse effects of globalization and help emerging economies skip over some development stages.
Computerworld News (September 2000)
Amex
Unveils Disposable Credit Numbers
American Express will offer disposable credit-card numbers to consumers
who fret about online security.
Computerworld News (September 2000)
American
Express offers disposable credit card numbers for online shopping
The company announced a free service that will let Internet users who
are worried about the security of buying goods online obtain single-use
credit card numbers before making their purchases.
Computerworld News (September 2000)
Online
Bank To Offer Broadband
USABancShares.com plans to officially launch its broadband service within
the next few weeks. The service, which has already been live for a month,
offers customers all the usual bank functions - plus sound and video.
Computerworld News (September 2000)
Wachovia
to Cut 100 IT Jobs, 1,800 Total
Wachovia Corp announced plans to eliminate 1,800 jobs last week, which
it said will save $100 million in annual expenses. About 100 IT employees
will be affected.
Computerworld News (September 2000)
TV
Tower Fire Sparks Net Use in Russia
When a broadcast tower fire threw several Moscow television stations off
the air, many would-be TV viewers turned to the Internet, doubling and
even tripling traffic to some sites.
Computerworld News (September 2000)
Breakin'
up is Hard to Do
Inadequate planning can cause problems during divestitures, for the divested
unit and the parent company. Dividing - or sharing - data, supporting
IT systems for a fixed period of time and maintaining staff morale are
among issues that must be addressed to retain employees and customers.
Computerworld Feature (September 2000)
Dow
to Fire up to 40 More Employees for E-Mail Abuse
Dow Chemical Co., which had problems earlier this year with employees
transmitting pornographic e-mail, last week said it will fire up to 40
more employees because of new violations.
Computerworld News (August 2000)
Police
Arrest E-Bank Robbery Suspects
British police arrested three men last week who attempted to rob an online
bank, London's Egg. Other Internet banks were also targeted, police said,
but they wouldn't release details.
Computerworld News (August 2000)
MP3.com
inks licensing deal with Sony
MP3.com has made a deal with Sony to license Sony's catalog for use on
the MP3.com Web site. That means every major recording studio but Universal
has reached an agreement with the music site.
Computerworld News (August 2000)
EU
Plans to Approve Electronic Signatures
The European Union announced that it plans to approve a global electronic-signature
system backed by a consortium of banks.
Computerworld News (August 2000)
Nasdaq
Unveils Improved Front-End Market System
Nasdaq presented its new SuperMontage front-end system on Tuesday at a
press conference in New York. Officials said it will give traders more
information and new tools - but alternative trading systems call it unfair
competition.
Computerworld News (August 2000)
Lloyds
Bank to Spend $24 Million on CRM
Lloyds TSB Group - no relation to the insurance company Lloyd's of London
- has said it will spend $24 million on a customer relationship management
system. The retail bank said it will use Chordiant Software to develop
a system that will reach into all aspects of the bank's operations, including
its worldwide ...
Computerworld News (August 2000)
MetLife
to open online bank
MetLife said it will buy a small New Jersey bank and turn it into a nationwide
online bank -- MetLife Bank.
Computerworld News (August 2000)
Power
Brokers Race to Trade On International Markets
In the quest for overseas trading dollars, U.S. brokerages are forging
alliances at a furious pace. From Asia to Australia, these partnerships
- enabled by IP, XML and other technologies - bring local populations
the opportunity to buy U.S.-listed stocks, either online or off-line.
Ameritrade CIO Jim ...
Computerworld Feature (August 2000)
Bankers
Group Pushes Its Seal of Approval
In the wake of a recent warning by the Office of the Comptroller of the
Currency about fake bank sites conning customers out of private information,
the American Bankers Association has launched a campaign to increase awareness
of the availability of its online seal of approval for banks.
Computerworld News (August 2000)
Broker
Seeks Retail Markets
Interactive Brokers opened up its proprietary trading platform, which
traditionally served institutional customers, to the retail side in 1998.
Yet even as the company has customers in 71 countries and direct connections
to 39 exchanges in 17 countries, everyone can't buy everything - for ...
Computerworld News (August 2000)
The
Speed Of Money
Online payments have met with a great deal of resistence, but analysts
say things are starting to change. New moves by startups and banks to
close security gaps and open the doors to more businesses are helping
to speed the use of online business-to-business transactions.
Computerworld Feature (August 2000)
Unions
take aim at high-tech workers
The Verizon strike, which has entered its second week, is a high-profile
sign that organized labor wants a significant role in the New Economy.
Computerworld News (August 2000)
Online
bank aimed at truck drivers debuts
National InterBank, an Irvine, Calif-based online bank, announced the
launch of a new Internet-based bank that will let truck drivers pay bills
and process other transactions from their rigs.
Computerworld News (August 2000)
Visa
issues 10 'commandments' for online merchants
Visa U.S.A., in a push to curb online credit-card fraud, announced 10
requirements for online merchants to follow to protect cardholder information.
Computerworld News (August 2000)
Bankers
group tries to increase use of Web site seal
In the wake of a government warning about fake online banking sites, the
American Bankers Association is launching a campaign to increase awareness
of a seal of approval that it says can be used to separate the real banks
from the fake ones.
Computerworld News (August 2000)
Internet
Banks Establish Physical Presences
Setting up a virtual bank has become easier than it used to be, with Mail
Boxes Etc. acting as a virtual bank branch by accepting deposits. Other
banks and e-commerce companies are making plans to make more use of Mail
Boxes Etc.'s 3,400-branch network.
Computerworld News (August 2000)
Bank
of America Says Layoffs Coming Soon
Bank of America plans to lay off between 9,000 and 10,000 employees in
the next 12 months, company executives said last week, but will expand
investments in technology.
Computerworld News (August 2000)
Government
To Enable E-Payments
The U.S. government will be bringing together all of its payment and collection
systems under one roof - well, one domain name - this fall with the launch
of Pay.gov, a Web site dedicated to the electronic gathering of money.
Computerworld News (July 2000)
Feds
Warn of Fake Sites
Spoof Web sites that closely mimic those of real banks can fool consumers
into giving away their account numbers and access codes, warns the Office
of the Comptroller of the Currency.
Computerworld News (July 2000)
Bankers
to Offer Online IDs
The American Bankers Association has announced the launch of TrustID,
an authentication system that promises to address the problem of identifying
individuals or businesses on the Internet and to ensure that electronic
documents aren't changed after they have been electronically signed.
Computerworld News (July 2000)
Stock
exchanges submit detailed decimalization plan
The major stock exchanges and the National Association of Securities Dealers
this week filed their full plan for phasing in decimal-based pricing of
securities starting next month.
Computerworld News (July 2000)
Visa
Program to Fight Online Fraud Debuts
Amid increasing concerns about online credit-card fraud rates, Visa has
come up with a two-part plan to address the problem. The first part, a
payment-authentication program, was launched late last month. The second
part, a series of security standards that merchants will be asked to follow,
is expected to take ...
Computerworld News (July 2000)
Large
Banks Lag in Online Transactions
The rate at which customers use online banking is accelerating, says a
new report from Credit Suisse First Boston, but it's not the largest banks
that are leading the charge. Instead, two regional banks - Wachovia and
Provident Financial - have the highest online usage rates.
Computerworld News (July 2000)
U.S.
Wireless Banking Expands
724 Solutions is no longer the only player enabling U.S. banks' Web sites
for wireless access. S1 Corp. subsidiary Edify has announced that National
InterBank customers will be able to access their accounts through WAP-enabled
devices starting in September.
Computerworld News (July 2000)
Fake
bank Web sites trick consumers into giving up personal data
"Spoof" Web sites that closely mimic a real bank's can fool
consumers into giving away their account numbers and access codes, warns
the Office of the Comptroller of the Currency.
Computerworld News (July 2000)
American
Bankers Association to offer online authentication
The American Bankers Association is planning to announce the launch of
TrustID, an online identification system that's expected to be used by
banks to authenticate digital signatures.
Computerworld News (19 July 2000)
Structured
Financing
Structured finance offers an opportunity for a company to borrow money,
based on the value of a specific project or asset rather than on its own
credit rating. For example, a company building a factory can borrow money
based on the worth of that factory or on expectations of its future revenue.
Computerworld Feature (17 July 2000)
U.S.
banks joining wireless gold rush
Though online brokerages began offering customers wireless services as
long as three years ago, U.S. banks have been slow to offer bill paying,
balance inquiries and other services over mobile phones and personal digital
assistants. But that's set to change this summer, as banks begin to roll
out wireless access ...
Computerworld News (July 2000)
Chicago
Board of Trade Automates With Euro Rival
The Chicago Board of Trade plans to kick off testing of its new electronic
trading system this week. The new system, developed in partnership with
Eurex, a fully electronic, Frankfurt-based derivatives exchange, comes
at a time when the CBOT is undergoing massive restructuring.
Computerworld News (July 2000)
Banks
Market to Small Businesses
Small businesses have often been ignored in the past by larger banks,
but this is changing, according to a new report. Small-business customers
are becoming a more lucrative market, and banks are starting to offer
them a variety of ready-to-use online services.
Computerworld News (July 2000)
Survey
shows largest banks lag in online usage rates
The rate at which customers use online banking is accelerating, says a
new report from Credit Suisse First Boston Corp., but it's not the largest
banks who are leading the charge. Instead, two regional banks -- Wachovia
and Provident Financial -- have the highest online usage rates.
Computerworld News (July 2000)
Wireless
banking to become available this summer
While online brokerages began offering customers wireless access as long
as three years ago, banks have been slow to enable customers to use mobile
phones and personal digital assistants for bill payments, balance inquiries
and other services. But that's set to change this summer, as banks ...
Computerworld News (July 2000)
VirtualBank
latest to move banking off-line
Following in the footsteps of several other online financial services
firms, Internet-based VirtualBank this fall plans to start opening bricks-and-mortar
branches to serve workers at some of its corporate clients.
Computerworld News (July 2000)
Financiers
Aim to Unify XML Standards
A new financial services industry group is trying to weed through two
dozen existing XML-based financial standards to come up with one universal
lexicon.
Computerworld News (July 2000)
In
Internet First, Wells Fargo Sued Over Alleged Racial Text on Site
Wells Fargo is re-evaluating its "Community Search Service"
partner after a national community organization sued the company over
what it called "explicit racial classifications and racial stereotypes
of neighborhoods" at the end of June.
Computerworld News (July 2000)
Allstate
Kicks Off Rollout of Web Sales
Allstate Insurance will begin a national rollout of its online service
in July after a successful "soft launch" in Oregon in May. The
move prompted a massive reorganization, including shifting 6,000 full-time
agents into independent contractor roles.
Computerworld News (July 2000)
J.
P. Morgan IT Exec Loosens Grip on Services
The fast pace of technological change is causing many companies to rethink
their businesses. At J. P. Morgan, Veronique Weill is doing that type
of thinking. And her thinking is: J. P. Morgan should be managing assets
- not technology - so it is outsourcing with the Bank of New York.
Computerworld News (July 2000)
Citibank
Calls It Quits for Online-Only Bank Service
Citibank will close down its online-only bank, Citi f/i, and fold some
of the features from that business unit into the online arm of its regular
banking service, Direct Access.
Computerworld News (July 2000)
Allstate
to begin national rollout of online insurance sales
After testing the concept in Oregon, Allstate Insurance Co. plans to begin
selling insurance directly to consumers via the Internet on a national
basis.
Computerworld News (June 2000)
Bankrolling
e-commerce
E-commerce projects pose unique challenges when it comes to securing financing,
including whether it makes more sense to finance a project internally
or spin it off from the company and seek venture capital backing. But,
in other ways, the process is simpler.
Computerworld Feature (June 2000)
Chase
Unveils Plan to Offer Banking Portal
Chase Manhattan became the first major bank to offer its customers a way
to organize all their financial accounts in one place on the Web, regardless
of where the accounts are held. Now, every bank will have to offer a "banking
portal," analysts say.
Computerworld News (June 2000)
Net
Bond Marketplace Going to Prime Time
Online bond trading has been lagging significantly behind stock trading,
but two new ventures suggest the gap might soon start to close.
Computerworld News (June 2000)
Banks
Launch Effort To Purge Paper Checks
Converting check information to bytes would save effort for banks, reduce
fraud.
Computerworld News (June 2000)
Subordinated
Debt
The business equivalent of a second mortgage, often used for corporate
buyouts or acquisitions. The stakes are high, because if a company goes
bankrupt, subordinated debt lenders are at the end of the line when assets
are divided up. As a result, interest rates are high, and subordinated
debt providers are highly ...
Feature (June 2000)
Cross-Border
Transactions Get Online Lift
June has been a watershed month for the international payments arena,
as alliances and new platforms have pushed the nascent field of electronic,
cross-border payments into the spotlight.
Computerworld News (June 2000)
Nasdaq
Says It Will Meet Revised Decimalization Deadline
The Securities and Exchange Commission has moved its decimalization deadline
- the date by which the stock markets have to convert from fractions to
decimals - from next month to next April, after Nasdaq protested that
it wouldn't be able to meet the earlier deadline.
Computerworld News (June 2000)
Online
brokers ready for digital signatures
Move will allow e-businesses that require paper signatures to sign new
customers more quickly.
Computerworld News (June 2000)
ETrade
to buy Canadian e-broker
Pays $174 million for Canadian licensee, for robust trading system, greater
access to international trading capability.
Computerworld News (June 2000)
Online
bond marketplace moving to prime time
Online bond trading has been lagging significantly behind stock trading,
but two new ventures suggest the gap might soon start to close.
Computerworld News (June 2000)
NYSE
Participates in Global Trading Talks
The New York Stock Exchange said it's discussing a Global Equity Market
with nine other stock exchanges around the world.
Computerworld News (June 2000)
Group
Seeks Web Banking Standard
The Financial Services Technology Consortium, which includes banks, research
firms and government agencies, will meet June 15 to discuss the creation
of a new standard to exchange customers' financial data with aggregator
Web sites.
Computerworld News (June 2000)
Want
the Money? Show Me the Plan!
Nasdaq's recent volatility may be worrisome for high-tech startups, but
IT managers aren't losing much sleep about not having enough new technology
to choose from. Business-to-business e-commerce companies are still going
strong while plenty of new technology is still in the pipeline.
Computerworld Feature (June 2000)
Online
Insurance Site To Cut 40% of Staff
InsWeb Corp., a provider of online insurance services, will cut 40% of
its staff and restructure its operations. The firm was dealt a serious
blow in mid-April, when State Farm said it would stop selling products
through the site, creating a revenue loss of about 30% for InsWeb.
Computerworld News (June 2000)
Schwab,
Quick & Reilly Debut Wireless Trading
Two online brokerages - Charles Schwab and Quick & Reilly - have launched
their wireless services, targeting the profitable frequent-trader customer
base.
Computerworld News (June 2000)
Citigroup
Tests Wireless Services in Japan
Citigroup has begun a test of mobile telephones to let consumers to purchase
products over their cell phones by typing in codes from advertisements.
Computerworld News (June 2000)
E-mail
hoax panics Canadian credit-card customers
Hacker sends bogus warning to 10,000 that their credit cards were compromised
from a Canadian electronic dealer's database.
Computerworld News (June 2000)
SEC
warns of dangers of after-hours trading
At request of Congress, SEC details risks of the fast-changing prices
on after-hours exchanges, which might catch daylight traders off guard.
Computerworld News (June 2000)
Oracle
sets plans for applications conference
The software vendor will hold its own event in February for users of its
applications, putting it into possible competition with the independent
Oracle Applications Users Group.
Computerworld News (June 2000)
Bank
consortium to explore new customer data-exchange standard
The Financial Services Technology Consortium, which includes banks, research
firms and government agencies, will meet June 15 to discuss the creation
of a new standard to exchange customers' financial data with aggregator
Web sites.
Computerworld News (June 2000)
NYSE,
nine other stock exchanges explore global trading accord
The New York Stock Exchange said it's discussing the possible formation
of a global equity market with nine other stock exchanges around the world,
including the Tokyo Stock Exchange and bourses in Paris, Hong Kong and
Sao Paolo.
Computerworld News (June 2000)
Seven
financial firms join to create foreign exchange Web site
Seven of the world's top financial services companies have joined forces
to create a foreign exchange Web site. FXall.com promises to offer low-cost,
one-stop electronic access to services ranging from foreign exchange research
to actual trading.
Computerworld News (June 2000)
Money
Transfer Technology Brings Canada Up to Speed
The problem with moving money around in Canada six years ago was that
it took a while to determine whether a check was good. The fastest method,
the Interbank International Payments System, took an entire day. During
that day, anything could happen - the person who sent the money could
withdraw all his funds or ...
Computerworld News (June 2000)
SEC
May Loosen Reins on Foreign Biz
SEC considers proposal to let foreign companies trade on U.S. exchanges
under relaxed rules.
Computerworld News (June 2000)
Analysts:
Stormy Days Ahead for Tech IPOs
The first quarter of 2000 was a record breaker for IPOs and venture capital
funding. While the recent swings in the market have cast a shadow over
the investment community, industry watchers say that commitment to technology
is still strong.
Computerworld News (June 2000)
ETrade,
Ernst & Young Pair Up to Offer Financial Advice
Online brokerage ETrade and Big Five consultant Ernst & Young have
joined forces to form a new company that aims to marry personalized financial
advice and the Internet.
Computerworld News (June 2000)
Online
exchange for muni bonds goes live
TheMuniCenter, backed by industry giants Merrill Lynch, Morgan Stanley
Dean Witter and Citigroup Inc.'s Salomon Smith Barney unit, opened its
doors this week, becoming the first online exchange for municipal bonds
to go live.
Computerworld News (June 2000)
Stormy
weather for tech IPOs
The first quarter of 2000 was a record breaker for IPOs and venture capital
funding. While the recent swings in the market have cast a shadow over
the investment community, industry watchers say committment to technology
is still strong.
Computerworld News (June 2000)
Nasdaq
Cuts Fees to Compete on Internet
Following a price cut for its bare-bones Level 1 services from $2 to $1
per month for individual investors, Nasdaq last week decided to drop its
Level 2 costs from $50 to $10 a month. The move, critics say, will be
good for Nasdaq's public image but bad for the exchange's bottom line.
Computerworld News (May 2000)
First
U.S. All-Electronic Options Exchange Opens
International Securities Exchange challenges mixed-media traders
Computerworld News (May 2000)
Nasdaq
Under Fire For Neglecting IT
A major electronic communications network, Instinet, said its customers
were hobbled for an hour this week due to technical glitches in the Nasdaq's
trading system.
Computerworld News (May 2000)
Chase
sues mortgage vendor for $20M-plus
Chase Manhattan's mortgage unit alleges that online mortgage software
developed by embattled Mynd Corp. was delivered late and didn't perform
as the vendor promised it would.
Computerworld News (May 2000)
Competition
Brings Stock Trading Costs Down to Zero
New online brokerages are offering free stock trades, a feature that some
analysts say could become profitable. But traditional online brokerages
say they aren't worried about the competition because they offer specialized
services that unestablished start-ups can't even touch.
Computerworld News (May 2000)
Voice
Recognition Eases Call-In Trading
DLJdirect last week became the latest online brokerage to jump on the
voice recognition bandwagon. Within the next few months, instead of touching
"426" on the telephone keypad for IBM, customers will just be
able to say the name of the company.
Computerworld News (May 2000)
Value-Chain
Management
Definition Value-chain management is managing integrated information about
product flow from suppliers to end users to reduce defects and inventories,
speed time to market and improve customer satisfaction. Even the most
complex value chains can be managed via intranets, extranets and proprietary
networks.
Computerworld Feature (May 2000)
Wells
Fargo Rolls Out Internet-Enabled ATMs
The person waiting in line behind you may not be entirely pleased, but
some Wells Fargo AMTs have been recast as "street-corner portals
to online information."
Computerworld News (May 2000)
ETrade
Fined for Slow Complaint Response
NASD Regulation Inc., the regulatory arm of the National Association of
Securities Dealers Inc., censured and fined ETrade Securities Inc. $20,000
last week for its slow response to the regulators' requests for information
about customer complaints.
Computerworld News (May 2000)
Real-Time
Reporting
DEFINITION Real-time reporting makes financial and other company data
available on demand rather than on regularly scheduled annual, quarterly
or monthly cycles. Management can then respond more quickly to problems
or opportunities that arise.
Computerworld Feature (May 2000)
Nymex
launching online commodities exchange
The New York Mercantile Exchange plans to support Internet-based trading
of contracts for physical commodities such as crude oil, petroleum products,
natural gas and electricity.
Computerworld News (May 2000)
Report:
Database sales grew 18% last year despite Y2K worries
Dataquest says the worldwide database market nearly reached $8 billion
in 1999, with Oracle and IBM neck-and-neck for the top spot.
Computerworld News (May 2000)
PeopleSoft
signs deal to buy business modeling vendor
PeopleSoft has completed its acquisition of Advance Planning Solutions,
under a deal that's aimed at improving its Internet-based business modeling
software.
Computerworld News (May 2000)
Oracle
User Group Nixes Bid for Single Conference
The Oracle Applications Users Group rejected Oracle's proposal to merge
its two North American conferences into one spring marketing event.
Computerworld News (May 2000)
Microsoft
Pitches Win 2k to Wall Street
Microsoft announced a major push into the financial services arena last
week at a Financial Summit in New York. CEO Steve Ballmer criticized Sun's
"big box" approach to Web servers and pitched Windows 2000 as
a cheaper, more scalable alternative.
Computerworld News (May 2000)
Oracle
Sets Restructuring Example for Its Users
Oracle, about halfway through a massive restructuring project that promises
to centralize and streamline all Oracle operations, sets an example for
other companies that want to integrate operations.
Computerworld News (May 2000)
Banks
Offer Fractional Stock-Buying Service
Wells Fargo, Safeco Insurance & Life and a number of other financial
service institutions are rolling out a service that lets their customers
buy fractional shares of stocks - at $1 or $2 per transaction.
Computerworld News (May 2000)
Larger
banks have edge in electronic CRM, report says
Big financial institutions may have an edge over small and nimble Internet
upstarts in electronic customer relationship management, according to
a new report by Meridien Research.
Computerworld News (April 2000)
Oracle
to hold its own applications conference
After an independent user group rejected the idea of folding its conferences
into an Oracle-sponsored event, Oracle CEO Larry Ellison announced that
the software vendor will put on an applications conference by itself.
Computerworld News (April 2000)
Oracle
stands by May date for completing applications upgrade
Oracle executives today reaffirmed that the last pieces of a delayed upgrade
of its enterprise resource planning and customer relationship management
software will ship next month.
Computerworld News (April 2000)
Applications
user group rejects Oracle proposal for single conference
More than 85% of the OAUG's members voted against Oracle's request to
fold the user group's conferences into its own Oracle OpenWorld event.
Computerworld News (April 2000)
Quicken
Throws Hat Into Bill Payment Ring
Intuit's Quicken.com has joined the likes of Yahoo and Microsoft's Money
Central with MyFinance.com, an all-purpose financial services site that
offers everything from bill paying to stock tracking.
Computerworld News (April 2000)
Ballmer
pitches Win 2k to Wall Street
Microsoft CEO Steve Ballmer announced that Windows 2000 is being rapidly
adopted by the financial services industry's biggest players.
Computerworld News (April 2000)
Opposition
fails to block Nasdaq spin-off
The spin-off of the Nasdaq Stock Market will proceed apace, as an opposition
group failed in its bid to get a preliminary injunction to block implementation
of the plan.
Computerworld News (April 2000)
Wireless
data access via cell phone to skyrocket this year, study says
Corporate demand will cause the number of people using cell phones for
wireless data to skyrocket from 3% to 78% over the next 12 months, a new
survey from Cap Gemini says.
Computerworld News (April 2000)
Finance
Players Back XML-Based Standard
Biggest players back new XML-based financial standard.
Computerworld News (April 2000)
Bank
vows to use Y2K 'peace dividend' for IT
National City Corp. is planning to use funds left over from its year 2000
efforts and sink them into new technology projects.
Computerworld News (April 2000)
SEC
postpones stock decimalization shift
Securities and Exchange Commission Chairman Arthur Levitt said the SEC
would postpone the switch from fraction to decimal-based stock pricing
because of delays in converting to the new system at the Nasdaq Stock
Market.
Computerworld News (April 2000)
Actant
Plans ISE Interface
Swiss software vendor Actant AG plans to move into the U.S. market by
June with the delivery of a user-friendly interface to the International
Securities Exchange (ISE).
Computerworld News (April 2000)
Stock
Market Blitz Shakes Systems
Three of the world's largest stock exchanges -- Nasdaq, London and Toronto
-- suffered from systems outages or slowdowns last week during a period
of particularly heavy trading.
Computerworld News (April 2000)
NYSE
Board Rejects Proposal for Centralized Network
The New York Stock Exchange board of directors rejected a proposal to
create a consolidated limit-order book - a central clearinghouse for stock
prices - and instead endorsed a multiplatform structure that they said
allows more customer choice.
Computerworld News (April 2000)
7-Eleven
to Offer Financial Services at In-Store Kiosks
Convenience store chain 7-Eleven will partner with American Express to
bring customers a variety of financial services through an in-store ATM
network
Computerworld News (April 2000)
Top
U.S. Bank to Open B-to-B Marketplace
The largest bank in the U.S., Bank of America Corp. is moving to create
its own business-to-business online marketplace.
Computerworld News (April 2000)
LatinStocks.com
launches Mexico site
LatinStocks.com announced the creation of its fourth site, and said it's
working on offering trading at U.S., Mexico, Brazil and Argentina sites
soon.
Computerworld News (April 2000)
Big
names back new XML-based financial standard
The world's top financial institutions have formed a consortium to promote
an XML-based standard for exchanging financial data over the Internet.
Computerworld News (April 2000)
London
Stock Exchanges finds, fixes software bug
The London Stock Exchange identified and fixed a problem with real-time
data that caused a delay of almost eight hours in the exchange opening.
Computerworld News (April 2000)
Record
volume snarls Nasdaq
The Nasdaq Stock Market suffered capacity-related delays in its stock
quotation system.
Computerworld News (April 2000)
SEC
vows hands off e-mail, chat rooms
In response to concern about the agency's plans to monitor the Internet
for illegal activities, the chairman of the Securities and Exchange Commission
promised that the SEC will not snoop on electronic conversations and e-mail.
Computerworld News (April 2000)
Three
stock exchanges zapped by computer glitches
Three of the world's largest stock exchanges -- Nasdaq, London and Toronto
-- each suffered from unrelated systems outages and slowdowns at different
times this week during periods of particularly heavy trading.
Computerworld News (April 2000)
Network
glitch delays London Stock Exchange opening eight hours
A glitch in a network that sends real-time price information and other
data from central trading systems to market users forced the London Stock
Exchange to extend its trading hours.
Computerworld News (April 2000)
Top
U.S. bank to open B-to-B marketplace
Bank of America has joined forces with Ariba Inc. to create a business-to-business
online marketplace.
Computerworld News (April 2000)
High-profile
CIOs make graceful exits
Two high-profile CIOs and another one-time information chief are all leaving
their jobs in a series of unrelated moves that underscore the volatile
nature of the Internet economy.
Computerworld News (April 2000)
New
Bank's Net-Only Vision Bucks an Industry Trend
At a time with Internet-only banks are looking for ways to add some physical
bricks-and-mortar to their clicks, a new Internet bank - Claritybank.com
- has no plans at all to expand its physical presence.
Computerworld News (April 2000)
Pacific
Exchange taps bank exec as CIO
The Pacific Exchange has named James Yee, former managing director and
CIO at Banc of America Securities, as its new technology chief.
Computerworld News (April 2000)
SEC
may postpone decimalization move
Now that The Nasdaq Stock Market has admitted that it won't meet the July
3 deadline to prepare its computer systems to handle decimal-based stock
prices, the Securities and Exchange Commission said it will likely bump
the cutover date by a month or two.
Computerworld News (March 2000)
New
Internet bank targets wireless customers
While other Internet-only banks are looking to add some bricks to their
clicks, newcomer Claritybank.com contends that remaining virtual will
allow it to offer some of the best rates in the U.S.
Computerworld News (March 2000)
Datek
Online traders get boxed out
Datek Online customers were forced to call in stock trades over the phone
-- or access the online brokerage through alternate Web addresses -- for
30 minutes due to a systems glitch.
Computerworld News (29 March 2000)
7-Eleven
to install Net-enabled ATMs
Kiosks being rolled out to 200 stores in the Dallas area will allow customers
to cash checks, buy money orders, purchase tickets online and conduct
other types of transactions.
Computerworld News (March 2000)
Study:
Web-only banks lag on customer service
Banks that have both a physical and virtual presence do a better job of
servicing their customers, according to a study conducted by Speer &
Associates.
Computerworld News (March 2000)
Ownership
issue may delay ETrade's ATM plans
ETrade's plans to create a nationwide, branded ATM network could be stymied
by the fact that takeover target Card Capture Services Inc. owns only
a small fraction of the 8,500 ATMs it manages.
Computerworld News (March 2000)
Internet,
innovation top insurance forum
The Internet was top on the minds of attendees at the Life Office Management
Association Systems Forum.
Computerworld News (March 2000)
ETrade
Makes Move From Clicks to Bricks
ETrade plans to turn ATMs into financial kiosks.
Computerworld News (March 2000)
Aetna
Split Unlikely to Halt Online Plans
Despite last week's announcement of a split between Aetna's health care
and financial units, the company's Internet-based health care initiatives
are likely to move forward.
Computerworld News (March 2000)
Bank
promises 'talking' ATMs for visually impaired customers
Blind and low-vision customers will be able to use Bank of America's automated
teller machines in California and Florida to withdraw and deposit cash
and to perform other functions.
Computerworld News (March 2000)
Merrill
Lynch IT exec heads to dot-com
John Ginelli, a high-ranking IT executive at the nation's top brokerage,
has left Merrill Lynch to head Nitorum Corp., a business-to-business Internet
start-up aimed at automating the hiring process.
Computerworld News (March 2000)
Aetna
likely to continue online plans despite split
Despite Sunday's announcement of a split between Aetna's health-care and
financial units, the company's Internet-based healthcare initiatives are
likely to move forward.
Computerworld News (March 2000)
SEC
alleges Internet insider trading ring
A word processing temp at Goldman Sachs and Credit Suisse First Boston
is accused of being the linchpin in an Internet trading scam that enabled
19 people -- including himself -- to make $8.4 million in illegal tips.
Computerworld News (March 2000)
ETrade
to buy largest independent network of ATMs
ETrade Group plans to acquire the nation's largest independent network
of automated teller machines and become the third-largest operator of
ATMs in the U.S.
Computerworld News (March 2000)
Big
brokerages to expand bond site into securities hub
Six Wall Street firms to use Securities.Hub to link their Web sites, feature
bond research and price quotes for institutional investors.
Computerworld News (March 2000)
NASD
Asks SEC to Postpone Stock Decimalization Push
Nasdaq's parent company has asked the Securities and Exchange Commission
to put off the decimalization of the nation's securities markets until
202001.
Computerworld News (March 2000)
Internet-Based
Foreign Exchange Service Debuts
Barclays, Charles Schwab team up to offer online currency trading.
Computerworld News (March 2000)
Investment
Clubs Move Online
A new Boulder, Colo.-based online service is taking it upon itself to
transform the back-office operations of investment clubs -- semiformal
informational consortia that fill a niche between do-it-yourself online
brokerages and full-service houses.
Computerworld News (March 2000)
Xerox,
Sun and iPlanet Team Up to Ease E-Billing
Xerox, Sun and iPlanet team up to provide a comprehensive online billing
product for the financial services and health care industries.
Computerworld News (March 2000)
Bank
of America Boasts 2M Online Customers
Bank of America announced that it has reached 2 million online customers,
becoming the first bank to reach this milestone.
Computerworld News (March 2000)
Merrill
Lynch stock orders delayed by server snafu
Capacity problems delayed stock orders until more servers were added by
the New York-based brokerage.
Computerworld News (March 2000)
Bank
to launch Web-based foreign exchange service
Barclays, Charles Schwab team up to offer online currency trading -- but
U.S. investors will have to wait.
Computerworld News (March 2000)
SEC
OKs All-Electronic Stock Exchange
The International Securities Exchange will open its electronic doors May
26, the first new exchange approved by the SEC in 2 |
