Theresa Carey

Fidelity Information Services, a division of Fidelity National Financial, announced earlier this week that Fidelity will integrate Oracle E-Business Suite financial and corporate performance management applications into its core banking offerings. “We faced a major business decision regarding our financial applications,” Frank Sanchez, president of leveraged product development at Fidelity Information Services, said in a […]

Microsoft has enhanced and rebranded its Microsoft Business Solutions Small Business Manager, which is designed for use by small businesses in the United States and Canada with 10 to 49 employees. Now called Microsoft Small Business Financials 8.0, it includes additional accounting and financial management functionality as well as other improvements. According to Microsoft, many […]

Archipelago Holdings Inc. has announced its intention to acquire PCX Holdings Inc., which is the parent of the Pacific Stock Exchange. The deal brings Archipelago the exchanges electronic system for trading stock options, and the self-regulatory license that has allowed the exchange to police itself. It also includes PCXs 20 percent stake in the OCC […]

The CEOs of companies that supply financial systems and software ought to add a long list of bureaucrats to their holiday thank-you list. Those who serve the banking industry ought to be especially grateful. Thanks to regulations that went into effect in 2004, such as the Check Clearing Act of the 21st Century (Check 21) […]

NetSuite has partnered with WorldPay, part of The Royal Bank of Scotland Group, to provide multicurrency credit card processing for its e-commerce customers around the world. Thanks to this partnership, NetSuite e-commerce customers now can accept credit card payments in 120 currencies and receive settlement in any of 14 currencies. NetSuite Inc. powers Web stores […]

We will remember 2004 as a year of consolidation and reactions to regulations in the financial services industry. Looking ahead to 2005, we see … more of the same, but with internationally flavored twists. Thanks to initiatives like Check 21 (The Check Clearing Act of the 21st Century), financial institutions will have to collaborate to […]

IBM and the New York Stock Exchange announced this week that they are collaborating on a new order management and messaging system in support of the 1.6 billion shares traded daily. The order management system includes 3,000 handheld devices, designed by IBM Engineering & Technology Services, that will be used by brokers on the trading […]

Bottomline Technologies has expanded its fBPM (financial business process management) solutions, which are designed to streamline paper-driven order-to-cash and purchase-to-pay processes. The company now offers a set of fBPM software and service solutions that may be deployed across an enterprise or at a departmental level. Bottomlines fBPM applications include Document Creation, Imaging and Archiving for […]

SAN FRANCISCO—MasterCard announced at Oracle Corp.s OpenWorld show e-P3, a system that integrates purchasing, invoice presentment and payment. e-P3 is designed to provide organizations with an alternative to todays slow, labor-heavy, paper-based purchasing grind. Prospective users of e-P3 are running Oracle Financials and use the MasterCard Corporate Purchasing Card. MasterCard e-P3 automates the financial and […]

SAN FRANCISCO—For banks to realize new revenue streams as payment transactions evolve, they need to redefine their value proposition to existing and prospective customers. Panelists here at Oracle Corp.s OpenWorld session titled “Fueling Your Payments Revenue with High Octane Information” said banks must go beyond managing the movement of money and consider managing the information […]

Cyota, which provides anti-fraud and security solutions for financial institutions, has revealed several key results of its anti-phishing service, FraudAction. Cyotas anti-phishing solution, developed in mid-2003, went public in January 2004. FraudAction, currently in use by 5 top American and British banks, includes real-time alerts, detailed severity assessments, site shutdown services, forensic work and proprietary […]

BITS, a nonprofit consortium of 100 of the largest financial institutions in the United States, last month published the BITS Guide to Business-Critical Telecommunications Services, which is intended to advance the resiliency of telecommunications services used by the financial services industry and strengthen the nations critical infrastructure. The BITS Guide helps financial institutions better evaluate […]