Saturday, April 3, 2010

plus 3, Top Online Banking Threats to Financial Service Providers in 2010 - Bank Info Security


plus 3, Top Online Banking Threats to Financial Service Providers in 2010 - Bank Info Security

Posted: 02 Apr 2010 10:03 PM PDT
Securing a financial services network environment can be a daunting challenge. At issue is not only meeting the basic business requirement of ensuring that a customer's financial information remains private and secure, but to do so in accordance with the variety of regulations that have been implemented by state and federal governments, and the credit card industry as well. Security breaches can have a far-reaching impact to not only a company's finances, but to their reputation as well. Companies are required to prove their compliance with these regulations and will be held liable for their failure to do so. Offering a wider range of online services alone will not be sufficient to reduce customer churn; it must be accompanied by enhanced security features that provide the customer with confidence and, in turn, results in winning their long-term trust and loyalty.
It is, therefore, essential that financial services providers take a proactive approach to identifying potential cyber attack threats and the areas of vulnerability within their own infrastructure. To aid in this process, this paper will provide insight into the top five threats to the financial services industry and SafeNet's recommended solutions for a defense that not only provides a secure transaction environment for customers but also satisfies stringent government and industry compliance regulations.
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Posted: 01 Apr 2010 08:07 AM PDT
2010-04-01 17:09:04 -
The Western Union Company (NYSE: WU), a global leader in the money-transfer segment of global payments, and Fifth Third Bank, jointly announced today the rollout completion of the Western Union ® global money-transfer service at more than 1,300 Fifth Third banking center locations in 12 states: Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina.
"We
are excited to offer our customers and walk-in consumers the ability to send and receive money transfers at our Fifth Third banking centers," said Marilyn Mocilnikar, senior vice president and director of retail products & delivery at Fifth Third Bank. "Our relationship with Western Union enables us to expand beyond our traditional product and service offerings to better meet the diverse needs of our customers and the communities we serve."
The signing of Fifth Third Bank is an important step in Western Union's North America "go-to-market" strategy to continue to expand its footprint and attract new consumer segments, specifically, within the banking channel.
As Western Union expands its money-movement service offerings, in an effort to strengthen both its relationship and value proposition with consumers, it looks to tap into cash, account, and card-based delivery solutions.
Stewart A. Stockdale, President, The Americas and Executive Vice President, Global Key Accounts and Global Cards, Western Union, stated, "Fifth Third and Western Union are brands consumers trust. Consumers can now transfer money through an outstanding global network."

"For many consumers, the Western Union service represents a fast, convenient and reliable connection with family and friends. Making that connection easier is an example of the tremendous value the Western Union brand adds to banked consumers," Stockdale added.
Fifth Third Bank announced that it would become an agent of Western Union in July 2009. Today's announcement completes the rollout throughout Fifth Third Bank locations.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago Facil and Custom House branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money orders. The Western Union, Vigo and Orlandi Valuta branded services are offered through a combined network of more than 410,000 agent locations in 200 countries and territories. In 2009, The Western Union Company completed 196 million consumer-to-consumer transactions worldwide, moving $71 billion of principal between consumers, and 415 million business payments. For more information, visit www.westernunion.com : .

About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $113 billion in assets, operates 16 affiliates with 1,309 full-service Banking Centers, including 103 Bank Mart® locations open seven days a week inside select grocery stores and 2,365 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses.
Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 49% interest in Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2009, has $187 billion in assets under care, of which it managed $25 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com : .
Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB."
Photos/Multimedia Gallery Available: www.businesswire.com/cgi-bin/mmg.cgi?eid=6234939&lang=en :
WU-G

The Western Union CompanyMelissa Sachs, 720-332-4489 melissa.sachs@westernunion.com : mailto:melissa.sachs@westernunion.com orFifth
Third BankStephanie Honan, 513-534-6957 Stephanie.honan@53.com : mailto:Stephanie.honan@53.com
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Posted: 31 Mar 2010 04:15 PM PDT
2010-04-01 01:20:02 -
D.A. Davidson & Co., the largest full-service investment banking firm based in the Northwest, is pleased to announce that it served as exclusive financial advisor to Market Contractors, Ltd., a leading commercial retail program management, construction, and casework manufacturer headquartered in Portland, Oregon, in its acquisition of Financial Supermarkets, Inc. (FSI), a leading bank consulting company that specializes in the
design, development and management of in-store banking service centers headquartered in Cornelia, Ga., for an undisclosed amount.
Market Contractors, Ltd. was founded in 1978 and started out as a construction company providing major remodels, fixturing, and maintenance services for the grocery industry in Oregon and Southwest Washington. In the mid-2000s, Market Contractors recognized the growing demand for in-store banking and quickly became a leader in bank retail engineering and construction services. The company now specializes in all types of tenant improvements, retail renovations and provides custom store fixtures, in-store bank construction, store fixture installations, and in-house architectural services. The company provides services nationwide in a variety of industries including banking/financial, medical/dental, retail, grocery, and restaurants.
In December 2009, Market Contractors engaged D.A. Davidson to assist the company in structuring the deal with FSI. Davidson advised the company throughout the negotiations, due diligence, feasibility, financing, documentation, and final closing. FSI is an excellent strategic fit for Market Contractors. Market Contractor's President, Steve Sorensen, stated, "We could not have done it without the Investment Banking team at D.A. Davidson."

Founded in 1935, D.A.
Davidson & Co : . is the largest full-service investment firm and investment bank based in the greater Northwest, with offices in 16 states. During the past two years, D.A. Davidson has helped structure and close more than 20 merger and acquisition transactions and raised over $2.1 billion of equity capital for companies in the Pacific Northwest and nationwide. The firm is celebrating its 75 th year in business.

Davidson Companies | D.A. Davidson & Co.Jacquie Burchard,
406-791-7465 jburchard@dadco.com : mailto:jburchard@dadco.com www.davidsoncompanies.com :
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Posted: 31 Mar 2010 04:29 PM PDT

BusinessWire - D.A. Davidson & Co., the largest full-service investment banking firm based in the Northwest, is pleased to announce that it served as exclusive financial advisor to Market Contractors, Ltd., a leading commercial retail program management, construction, and casework manufacturer headquartered in Portland, Oregon, in its acquisition of Financial Supermarkets, Inc. (FSI), a leading bank consulting company that specializes in the design, development and management of in-store banking service centers headquartered in Cornelia, Ga., for an undisclosed amount.
Market Contractors, Ltd. was founded in 1978 and started out as a construction company providing major remodels, fixturing, and maintenance services for the grocery industry in Oregon and Southwest Washington. In the mid-2000s, Market Contractors recognized the growing demand for in-store banking and quickly became a leader in bank retail engineering and construction services. The company now specializes in all types of tenant improvements, retail renovations and provides custom store fixtures, in-store bank construction, store fixture installations, and in-house architectural services. The company provides services nationwide in a variety of industries including banking/financial, medical/dental, retail, grocery, and restaurants.
In December 2009, Market Contractors engaged D.A. Davidson to assist the company in structuring the deal with FSI. Davidson advised the company throughout the negotiations, due diligence, feasibility, financing, documentation, and final closing. FSI is an excellent strategic fit for Market Contractors. Market Contractor's President, Steve Sorensen, stated, "We could not have done it without the Investment Banking team at D.A. Davidson."
Founded in 1935, D.A. Davidson & Co. is the largest full-service investment firm and investment bank based in the greater Northwest, with offices in 16 states. During the past two years, D.A. Davidson has helped structure and close more than 20 merger and acquisition transactions and raised over $2.1 billion of equity capital for companies in the Pacific Northwest and nationwide. The firm is celebrating its 75th year in business.
SOURCE: D.A. Davidson & Co.
Davidson Companies | D.A. Davidson & Co. Jacquie Burchard, 406-791-7465 jburchard@dadco.com www.davidsoncompanies.com
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