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Monday, June 24, 2002Bank Technology News: Straight-Through Processing (STP): In Pursuit of Greased Lightning. "The payoff is expected to be worth both the dollars and the headaches, as STP ultimately will lead to substantially lower operating costs and dramatic improvements on the risk-management side of the business, particularly where settlement risk is concerned."
Posted to finance, payments @ 4:54:32 PM ( comments)
Bank Systems & Technology: Electronic Payment Future Bright In North America. "... the shift to electronic payments won't necessarily result in lower expenses for North American banks. While industry spending on paper processing is projected to remain relatively flat over the next three years, spending on this electronic payments processing will hit $2.3 billion this year, and will grow 6 percent annually." Posted to finance, payments @ 4:38:32 PM ( comments)
Banking online: STP & Payments: Loud buzz, low volume in the U.S. "... a lack of payment and accounting system integration and insufficient information are the two greatest barriers to electronic payments." Posted to finance, payments @ 4:28:07 PM ( comments)
Updated 8/11/2002; 7:04:51 PM
