March 2008

Over at the TAWPI blog, Mark Brousseau asks Wally Vogel of Creditron What's the fuss over remote capture? Wally responds as follows (emphasis is mine): “The strategy of moving image capture to the point of presentment provides numerous advantages,” Wally Vogel president of Creditron, Inc., told me. “Obviously, there is the reduction of payment document […]

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Scott Berkun's excellent "The Art of Project Management" has been updated and released with a new title and cover. The same good stuff is inside – plus more! This is the only project management book I can recommend without reservation. Read all about it on Scott's blogOrder from Amazon

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A study released by the Federal Reserve Board's Financial Services Policy Committee  on Tuesday, based on a sample of 30,000 checks from the image archive Viewpointe, indicates that businesses write nearly 40% of all checks and receive nearly three-quarters of all checks. Almost half of the checks written by consumers are for payments to businesses, […]

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In anticipation of today's publication of the Oxford Handbook of Business History, Harvard Business School's Working Knowledge has an interview with the editor, Geoffrey Jones. Highlights from the interview: Why is this book important? Business historians over recent decades have generated rich empirical data on firms and business systems. They can in some cases confirm, […]

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A new report from Mercator Advisory Group describes banking services targeted at corporates and their employees: With lessons learned from retail banking, corporate banking product management is repackaging products and services for corporate customers' and their employees, such as direct deposit and convenient online banking, effectively opening up a whole new market. This report looks […]

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In Wednesday's New York Times David Leonhardt attempts to explain in lay terms how trouble with sub-prime mortgages have had such a dire impact on banks and the financial markets. And he attempts to reassure readers that they shouldn't feel bad if they are confused, because there are many seasoned bankers, regulators, and economists who […]

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CFO.com provides historical context for JPMorgan Chase & Co's intervention to rescue Bear Sterns: When J.P. Morgan Chase & Co. swooped in to save Bear Stearns from collapse on Sunday, it was not the first time the big bank had embarked on such a rescue mission. Taking on a balance sheet laden with toxic mortgage […]

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Obopay recently announced that "customers can now use their existing bank accounts to send and receive money via their mobile phone. With Obopay's mobile money transfer, non- customers can pick up payments without signing up for Obopay. These innovations make it easier than ever for any bank customer to conveniently send and receive payments from […]

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Information for everyone! The latest Treasury & Risk explores how mid-level managers are enjoying the drill down capabilities and real time metrics reporting of business intelligence dashboards. A case study featuring Dow Corning demonstrates how dashboards support a company wide dispute management system, providing dispute coordinators and managers in sales, customer service, credit and collections […]

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(from Chandoo.org via Lifehacker) Impress your colleagues – and your boss! – with these very cool Excel tricks: 1) Highlighting alternative rows / columns in tables 2) No-nonsense project plans / gantt charts 3) Extreme in-cell graphs 4) Highlight mistakes, errors, omissions, repetitions 5) Create intuitive dashboards Detailed, easy to follow instructions and a downloadable […]

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(via PaymentsNews) In anticipation of VISA's IPO (scheduled for later this week, as if the market isn't crazy enough) Adam Levitin, a professor at Georgetown Law, has a thoughtful post outlining a payments future no longer dominated by the card networks, one in which the needs of merchants, consumers, and banks are more balanced. The […]

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I've been intrigued by the idea of a BarCamp – informal, unstructured, participant-organized conferences where people with similar interests share and learn in an open environment – since I read about them in other (mostly technology) blogs. There is an upcoming banking/finance BarCamp in San Francisco (well, actually at UC Berkeley) and I just signed […]

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Each year Global Finance magazine ranks the best treasury/cash management banks by region and by service category. The March 2008 issue arrived on Friday (just in time to land on the top of my weekend reading pile) and here are the highlights: Bank Rankings CITI Best Overall Bank for Cash Management (Global Winner) Best Bank […]

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This morning, the usually staid financial press have got their thesaurus out – how many different ways can you say "historic"? "sank" "slipped" "decreased" "fell" "slid" and "slumped" all in one paragraph! The S&P 500 sank 21.08, or 1.6 percent, to 1,267.06 at 12:59 p.m. in New York. The Dow average slipped 85.08, or 0.7 […]

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The March issue of CFO magazine is focused on banking, or more pointedly, how companies are paying the price for the subprime crisis. There is an article on how poor risk management at banks contributed to the crisis, but more interesting was a thorough exploration of the impact on corporate lending: Credit Crunch As banks […]

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