| Ethiopia: Kenyan Companies Dominate CBE Tender for Payment System
Five companies are in contention to win a contract worth as much as 60 million Br for the installation of the Electronic Payment System (EPS) for the state-owned Commercial Bank of Ethiopia (CBE). CBE plans to spend 50 to 60 million Br for the installation of the system, 50 Automatic Teller Machines (ATM) and 300 Point of Sales (PoS) machines, according to the tender document. .
RDS SPECIAL: Jack Henry & Associates Announces Mobile Banking Solution
RDS SPECIAL: Jack Henry & Associates Announces Mobile Banking Solution
JHA’s goDough introduced as firm’s new m-banking solution.
By Maria Bruno-Britz
Bank Systems & Technology
November 15, 2007
Jack Henry's new goDough is a browser-based m-banking solution that is device and carrier independent, making it compatible with any web-enabled mobile phone, regardless of make or model, and with all mobile phone carriers, claims the company. With goDough, users can conduct traditional in-branch and online transactions such as balance inquiries, funds transfers between accounts, and transaction viewing. goDough is designed to support all account types, including checking, certificates-of-deposit, money markets, loans, and lines-of-credit.
Major rise in foreclosures boosts banks' home sales
More than 8% of the homes for sale in the Charlotte area are being sold by a bank that acquired them in foreclosure. That represents a steep rise in the number of bank-owned homes here amid the subprime mortgage fallout. Of the 27,558 listings of homes available in the Charlotte area as of Oct. 30, 2,254 were bank-owned foreclosures, according to RealtyTrac, an Irvine, Calif.-based national foreclosure research company. That's a 16% increase from the previous quarter, a 31% rise over third quarter 2006 and a whopping 363% increase since the first quarter of 2005. .
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The Elm City ID card was established in May in part to facilitate the process by which undocumented immigrants can open bank accounts. But interviews with local banks indicate it may not have had its intended effect. Amid confusion over federal policy toward cards such as New Haven's, banks in the Elm City have declined to accept it as sufficient primary identification — and even in some cases a secondary identification — when residents apply for accounts, an investigation by the News has shown. Meanwhile, general ignorance of banks' varied policies prevents many undocumented residents from opening accounts. Despite these limitations, they are still able to open accounts at some New Haven banks by presenting consular identification cards, which do not require proof of legal status in the United States.
AT&T Launches Mobile Banking Nationwide
AT&T Inc. (NYSE:T) today announced the launch of a comprehensive, easy-to-use mobile banking platform that will enable consumers to view account balances and history, transfer funds and pay bills from their AT&T mobile handsets. Through an innovative relationship, AT&T, Wachovia Corp. (NYSE:WB), SunTrust Banks Inc. (NYSE:STI) and mobile banking and payment enabler Firethorn Holdings LLC � and Firethorn�s strategic partner, CheckFree Corp. (Nasdaq: CKFR) � are providing a mobile banking solution that is accessible to millions of Wachovia and SunTrust customers. "The ability to perform banking functions using a wireless handset is attractive for people who need to make financial decisions on the go � business travelers, college students and anyone who desires the flexibility that wireless delivers,� said Mark Collins, vice president, Consumer Data, for AT&T�s wireless unit.
Big ticket: You'll spend more thinking about your bank account than about your wallet
It has long been assumed that consumers are good judges of affordability, but a new study reveals that how much you�re willing to spend is influenced by whether you think about a larger pool of resources (such as your bank account) or a smaller pool (the cash in your wallet). Through a series of four experiments, researchers found that this resource assessment also applies to food and time. Counting calories" You�re more likely to eat that slice of cake if you think about how many calories you have allotted for the week, rather than just for the day. �Whether a person can afford a particular unit of consumption depends not just on the price of consumption, but whether one can afford the purchase as well,� explain Carey K. Morewedge (Carnegie Mellon University), Leif Holtzman (Digitas, Boston), and Nicholas Epley (University of Chicago).
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