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Archive for June, 2011

It’s been a really busy week on the M&A front – S1/Fundtech, Intuit/Mobile Money Ventures, and now Fiserv/Cashedge. Yesterday, Fiserv announced that it has agreed to acquire CashEdge. It’s a strategic move on the part of Fiserv and I can think of numerous reasons for the acquisition. Let’s explore a few of the areas: P2P […]

Jun 30th, 2011 | Filed under Banking, Retail Banking

Finally, the wait is over. Yesterday (June 29th), the Fed’s Board approved and announced the final version of Regulation II, known in the payments industry as the Durbin amendment, which sets out the rules for debit card transactions. Financial institutions feared the worst after the initial proposals annouced in December last year. Today, banks can […]

Jun 30th, 2011 | Filed under Banking, Retail Banking

Earlier today, S1 announced that it had joined forces with Fundtech. This merger of two well known payments and electronic banking solution providers has a lot going for it. For the most part, these two firms have complementary product sets. As a single firm, they now have the capacity to be a global player, serve […]

Jun 27th, 2011 | Filed under Banking

Earlier today, S1 announced that it had joined forces with Fundtech. This merger of two well known payments and electronic banking solution providers has a lot going for it. For the most part, these two firms have complementary product sets. As a single firm, they now have the capacity to be a global player, serve […]

Jun 27th, 2011 | Filed under Banking

I was pleased to be able to speak at Payment Strategies 2011 again two weeks ago. I think this is the third year I’ve been asked to share my thoughts, and as always there were some good speakers on the agenda. The page has videos of the speakers, so I’ll let you decide whether I […]

Jun 27th, 2011 | Filed under Corporate Banking

Chase is the leader in mobile remote deposit capture (RDC), with more customers depositing more checks than anyone else in the market. I just received a notice from them that is essentially Chase practicing good risk management. Dear Chase Customer: You are receiving this message because you are enrolled in Chase QuickDepositSM. We want to […]

Jun 24th, 2011 | Filed under Retail Banking

The capstone of Celent’s Innovation and Insight Day held in Atlanta, GA last week was the recognition of Celent Model Bank award recipients for 2011. For the most part, it’s not much fun to be a banker these days. The news media, consumer advocates, regulators and politicians alike seem to make bank bashing their full-time […]

Jun 23rd, 2011 | Filed under Banking

Last week I attended Celent’s Innovation and Insight Day in Atlanta and had an opportunity to catch up with many of our clients, both banks and technology vendors. One of the banks told me an interesting story how after Reg E came into force, they saw a drop in debit card usage and a significantly […]

Jun 23rd, 2011 | Filed under Banking, Retail Banking

Last Thursday, Celent hosted it’s annual Banking Innovation & Insight Day. It’s the first time we have held an event in Atlanta and were pleased by the fantastic turnout. We had a broad range of panel sessions and presentations, all following a common theme – banking innovation. Bank Systems & Technology wrote up a brief […]

Jun 20th, 2011 | Filed under Banking

Last Thursday, Celent hosted it’s annual Banking Innovation & Insight Day. It’s the first time we have held an event in Atlanta and were pleased by the fantastic turnout. We had a broad range of panel sessions and presentations, all following a common theme – banking innovation. Bank Systems & Technology wrote up a brief […]

Jun 20th, 2011 | Filed under Banking