Stories by Lucas Mearian

Brick-and-click bank sites outpacing online-only banks

Brick-and-mortar banks' Web sites saw a far greater increase in use during the past year than online-only banks, according to a report released today that predicts the demise of Internet banks that don't embrace a particular niche audience or build physical locations.

EMC disputes Compaq 'lead' in storage marketplace

EMC Corp., which has long proclaimed itself the data storage market leader, was miffed Wednesday over statements by Compaq Computer Corp. that two research firms say it now dominates the storage marketplace.

Top financial clearinghouse moves to SAN infrastructure

The Depository Trust & Clearing Corp. (DTCC) is in the middle of a two-year migration from a mostly mainframe and decentralized client-server model to a storage-area network (SAN) that will centrally control more than 15TB of internal data related its to its US$23 trillion worth of securities.

IBM moves to open up mainframes to SANs

IBM Corp. today announced a series of new storage products aimed at large corporate users, including a Fibre Channel link that's supposed to let users directly connect their mainframes to the same storage-area networks (SAN) used by Unix and Windows servers.

SafeDebit is NYCE's answer to smart cards

The NYCE Corp. expects to launch its own technology for secure online shopping that it said will rival smart cards because it will use automated teller machine (ATM) networks, is cheaper for merchants and doesn't require member banks to install a single piece of software.

Gartner: 50 per cent fewer banks will remain

Banks that rebuild their foundations on e-commerce through technology alliances will be the survivors in a period of increased mergers and acquisitions in the financial services industry, according to a report.The report also predicts new technology and competition over the next six years will leave the marketplace with half as many players.

Deal advances EMC's move into NT space

An e-commerce joint venture backed by Microsoft Corp. and Accenture Ltd. has set up EMC Corp. to provide storage services for Windows 2000, SQL Server and Exchange customers.

Visa offers security spec for e-transactions

Teaming up with more than 60 technology vendors, Visa International Inc. has rolled out a new technical specification to support payment authentication services for online credit card transactions worldwide.

Nasdaq launches revised order system

As The Nasdaq Stock Market Inc. prepared last week for today's launch of its revised version of the Small Order Execution System (SOES), analysts said problems revealed in trial runs are making electronic communications network (ECN) companies hesitant to use the expanded messaging network.

EMC cuts business outlook for the third time

Once again blaming the slowdown in IT spending brought on by softening economy, EMC Corp. Friday warned that its financial results will fall well short of expectations for the second straight quarter.

IBM, Intel backing proposed IP-based storage standard

A group of technology vendors, including IBM and Intel, Monday came out in support of a proposed naming service standard for IP-based storage networks while also announcing planned shipment dates for storage devices that utilize the Internet's basic communications protocol.

Future of storage eyed at Gartner conference

While it's still more than five years away from happening, the Internet will eventually act as the plumbing to connect vast oceans of cheap disk storage within companies, Gartner analysts predicted here yesterday.

Citigroup to offer Net-based bill processing

Citigroup Inc. yesterday said it will offer its corporate customers the ability to route bills electronically to consumers through an online service backed by three large financial services competitors.

FTC sides with Amazon.com in privacy dispute

The U.S. Federal Trade Commission (FTC) sided with Amazon.com Inc. in a dispute with two privacy groups that accused the online retailer of deceiving its customers by changing its privacy policy to permit disclosure of personal information to third parties.