OmniAmerican Bank Implements Online Business Banking Tools
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Fort Worth, Texas-based OmniAmerican has chosen Digital Insight to supply online business banking tools that will enable the bank to focus on attracting, serving and retaining customers instead of managing in-house services.
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A dot-com enabler for small financial institutions is rolling in the dough.
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A popular financial portal has its say.
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InfoWorld - Business Objects has started to roll out a full suite of business intelligence (BI) software in the form of an online service, initially for customers using Salesforce.com applications.
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U.S. Bancorp will use VeriSign's Unified Authentication service to validate and secure interactions with commercial banking customers, providing them with a secure USB token they must use when accessing services online.
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By Andrew Eder, The Knoxville News-Sentinel, Tenn.  Mar. 1--The Internet and e-mail have given American workers the ability  to access a world of data and connect with colleagues and clients across the  globe in an instant.
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(InfoWorld) - Bank of America customers can now use their mobile phones toÂ make online banking more secure. This option comes as part of a new service called SafePass, which was unveiled Monday by BofA. Customers will be able to sign up for SafePass to add an extra level of security for some banking transactions. The SafePass system, which uses authentication technology developed by VeriSign, sends a six-digit code to the customer's mobile phone. The code can be used only once, and it expires 10 minutes after being issued, making it harder for criminals to steal money from BofA accounts. BofA customers can require this SafePass code for certain types of online banking activity such as transferring large amounts of money or logging on from a new computer. SafePass works in conjunction with theÂ SiteKey anti-phishing technologyÂ that BofA rolled out two years ago, said Mike Pennella, an e-commerce enterprise services executive with BofA. "This is really just another layer in our security strategy," he said. Unlike SiteKey, however, SafePass is not a mandatory feature, Pennella added. SafePass will be available to BofA customers in most U.S. states this week, with California users coming online later this month and some northwestern U.S. customers getting service even later than that, Pennella said. Next year, the company will also begin offering a credit-card-sized card, built by Innovative Card Technologies, that can be used to generate similar access codes without requiring a mobile phone. Bank of America believes that SafePass will help crack down on so-called Trojan software attacks. This type of malicious software is unwittingly downloaded by victims and often includes keylogging software designed to track username and password information and send it back to criminals. Other financial institutions, including ETrade Financial, Charles Schwab & Co., and eBay's PayPal subsidiary, have deployed similar "two-factor" authentication systems over the past few years. In fact, Federal guidelines have called for banks to use stronger authentication technologies for online banking since the end of 2006, but they have given the banks some freedom in determining how they achieve this goal. By requiring a code number in addition to the password, these systems make fraud harder, but not impossible. In fact, one noted security expert has long predicted that two-factor authentication systems will do very little to cut down on fraud and identity theft over the long term. That's because there are still other ways to access a customer's online banking session if an attacker has installed Trojan software on his computer, according to Bruce Schneier, chief technology officer with BT Counterpane. "It protects against "steal the password" attacks, but not against Trojans that make transactions in the background after you authenticate," he said via e-mail. "What I would want to know from the bank is: Who is liable for fraud when it occurs?" he added. "If it's me, I don't want the account or the token. If it's them, I don't care what sort of authentication they use."
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An online bank's offer this week of 6 percent interest on money deposited in its savings accounts demonstrates how aggressive some banks have become in trying to bring in new deposits, benefiting consumers who are willing to shop around for a better place to save their money.
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New product from Pegasystems lets customers apply predictive models to business processes without complex coding.
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WorkLight, a Web 2.0 application developer, announced today WorkBook, a Facebook overlay targeted to Facebook users in a corporate environment.WorkBook, a Web 2.0 applications that works with WorkLight, the company?s on premise server software, uses the Facebook application to facilitate corporate communications and knowledge-sharing in a secure environment.?People use their regular Facebook profile. But when you install WorkBook it creates an application that asks users to authenticate themselves against a company directory and the company authentication engine,? said David Lavenda, vice president of marketing and product strategy.The Faceboook application appears along with the list of other third-party Facebook applications. After a user clicks on WorkBook, however, the organization knows who the user is and gives the user all of his or her access controls and roles.There is no new layer of security required, Lavenda added.With the recognition that social networking can facilitate sharing of information and communications in a business environment, especially for a global company, a? number of organizations have tried to implement their own homegrown social networking applications without much success, according to industry analysts.The goal, not dissimilar to a corporate portal, is to keep employees apprised of company information and allow workers to expand their knowledge base by being able to contact certain remote employees within a large company who may possess skill sets required to complete a project.WorkBook, however, leverages a popular program that many workers may already be familiar with and feel comfortable using, Lavenda said.It will allow users to search for co-workers by name, location, department, project, or by area of expertise and connect with them using the usual Facebook capabilities.The WorkLight server connects to enterprise systems and the security infrastructure and exposes the information to Web 2.0 applications, in this case WorkBook.The application is available now in limited release and will be generally available in February 2008.Licensing starts at $10 per user, per month with volume discounts available, Lavenda said.
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OmniGroup were showing their new OmniFocus and v5 of OmniGraffle applications.
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Online giant teams up with RSA Security to keep users' account info safe.
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NEW YORK - High-tech changes in the banking industry will soon be affecting the most mundane of financial products, the checking account.    On Oct...
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St.George Bank may be forced to make changes to its online banking interface as adoption of Windows XP Service Pack 2 becomes widespread among consumers.
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A Web venture gives borrowers a way to compare what they will probably pay for a mortgage in commissions, points, interest rates and fees.
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No fees. No frills. Arkadi Kuhlmann has shown the world how to do online banking right. Now the trick is to stay ahead of the imitators
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There's a lot to like at this online broker.