The Banking Industry

One Bank Closed on May 27

Updated: 2011-05-31 04:15:01

Now 55 Failed Institutions so Far in 2011One bank closed at the start of the holiday weekend on Fri., May 27. This closure raises the running tally to 55 failed institutions so far in 2011.

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FDIC: Summit Bank, Burlington, Washington Closes

Updated: 2011-05-31 04:15:01

Summit Bank, Burlington, Washington, was closed today by the Washington State Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington, to assume all of the deposits of Summit Bank.

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Breach Response: Transparency Required

Updated: 2011-05-31 04:15:01

Nationwide's Privacy Officer on Sony & EpsilonThe recent Sony and Epsilon breaches sent a strong reminder that companies lack transparency and aren't prepared to respond to a breach once it occurs, says Kirk Herath, Chief Privacy Officer at Nationwide Insurance Companies.

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FDIC: CertusBank Acquires All the Deposits of Two Georgia Institutions

Updated: 2011-05-31 04:15:01

CertusBank, National Association, Easley, South Carolina, Acquires All the Deposits of Two Georgia Institutions

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NCUA: Family First FCU Closes

Updated: 2011-05-31 04:15:01

The National Credit Union Administration in February liquidated Family First Federal Credit Union of Orem, Utah. Security Service Federal Credit Union of San Antonio purchased and assumed Family First's assets, liabilities and members.

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Why We Need Ethical Hacking

Updated: 2011-05-31 04:15:01

"Ethical hacking" - is the term an oxymoron, or is it one of today's necessities in the fight against cybercrime? Jay Bavisi, president and co-founder of the EC Council, feels strongly about why we need ethical hackers more today than ever before.

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FDIC: First Heritage Bank, Snohomish, Washington Closes

Updated: 2011-05-31 04:15:01

Columbia State Bank, Tacoma, Washington, Assumes All of the Deposits of First Heritage Bank, Snohomish, Washington.

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Next-Gen Authentication

Updated: 2011-05-31 04:15:01

Expert Says Chip & PIN Reduces Need for Neural NetworksCard-issuing banks struggle to find the balance between consumer satisfaction and protection. And in the wake of the Michaels breach, the financial industry knows it has to make a change. One industry expert says stronger card authentication is the answer, and he favors chip-based or EMV-like solutions.

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Pressure is on Privacy Pros

Updated: 2011-05-31 04:15:01

From Epsilon to Sony, recent data breaches and legislative trends tell a dramatic story about the turbulent state of privacy worldwide, according to J. Trevor Hughes, head of the International Association of Privacy Professionals.

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The Case for E-Mail Encryption

Updated: 2011-05-31 04:15:01

With so much critical information being exchanged today via e-mail, now is the time to deploy next-generation e-mail encryption solutions, says Bob Janacek, CTO and founder of DataMotion.

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Things worth reading: 30th May 2011

Updated: 2011-05-30 03:07:03

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The Finanser's Week: 23rd May - 29th May 2011

Updated: 2011-05-29 04:26:04

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How to Make Banks Safer -- Lessons From the Swiss

Updated: 2011-05-27 11:45:19

Hoping to avert future bank bailouts, Switzerland is considering building a fence around parts of one of the country's most important financial institutions.

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How BIG is Google's Wallet launch?

Updated: 2011-05-27 08:44:17

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Things worth reading: 27th May 2011

Updated: 2011-05-27 07:58:40

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The future of self-service

Updated: 2011-05-27 07:08:00

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Will banking follow music, movies and books?

Updated: 2011-05-26 08:57:22

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Treehuggers Unite!

Updated: 2011-05-26 08:01:00

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Things worth reading: 26th May 2011

Updated: 2011-05-26 06:57:08

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Mobile contactless finally in my hand

Updated: 2011-05-25 14:20:52

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Things worth reading: 25th May 2011

Updated: 2011-05-25 08:14:49

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Things worth reading: 24th May 2011

Updated: 2011-05-24 08:02:02

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Things worth reading: 23rd May 2011

Updated: 2011-05-23 06:55:02

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The Finanser's Week: 16th May - 21st May 2011

Updated: 2011-05-22 07:25:00

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Really, Crashing Into the Debt Ceiling Is a Terrible Idea

Updated: 2011-05-20 21:10:16

Some Republican lawmakers insist that the risk of not lifting the U.S. government's borrowing limit is overblown. Here's why they're dead wrong.

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Does anyone have a P&L for payments?

Updated: 2011-05-20 13:09:23

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Things worth reading: 20th May 2011

Updated: 2011-05-20 08:10:01

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Don't Charge It: The Hidden Risks of Business Credit Cards

Updated: 2011-05-19 11:45:13

Planning to fire up that corporate card? Caveat emptor. It can expose users to practices that have been banned for regular cards.

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Why Facebook will not become a bank

Updated: 2011-05-19 10:30:12

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Things worth reading: 19th May 2011

Updated: 2011-05-19 03:00:26

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Cheat Street: How U.S. Banks Help Foreigners Dodge Their Taxes

Updated: 2011-05-18 19:00:23

The feds are cracking down on Americans who use offshore bank accounts to dodge the tax man. But that doesn't stop the U.S. from being the top tax haven for foreigners.

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How the Credit Rating Bureaus Favor Celebrities

Updated: 2011-05-16 22:31:04

Why do the major credit agencies do such a poor job correcting mistakes in consumers' credit records? It doesn't pay.

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While WE are Cross Selling, THEY are Cross Buying

Updated: 2011-05-11 21:32:35

, , Home About Us Product News Contact Testimonials Blog While WE are Cross Selling , THEY are Cross Buying Posted by Brad Maher on Wed , May 11, 2011 It is the classic battle between WE and THEY in the financial banking arena . You know your consumers THEY need the products and services that you offer but you struggle to find a process that effectively allows them to buy multiple products and services . How can you bridge the gap between WE and THEY and make it an US relationship In the May 2011 issue of Bank Investment Consultant Elizabeth Wine brings up some very valid points about the importance of cross selling and the poor execution that is happening inside many financial . institutions Managing the cross sell is a task that does not have an end . To do it well , you should never be

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