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Banking law mints tech windfall







Banking law mints tech windfall

Banking law mints tech windfall 07/16/2004 06:37 AM

IBM, Oracle and others stand to benefit from new legislation favoring electronic check images.




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Banking law mints tech windfall

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http://www.wired.com/news/business/0,1367,62201,00.html?tw=wn_tophead_ 3 Still searching for organizations that have actually made money on the Web? Look no further than the nonprofit sector. A surge in online donations left tech-savvy charities with a combined windfall of tens of millions of dollars last year, according to data released by two Internet services firms this week.

Admiral workers expect windfall


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Gates to donate $3 billion windfall


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On the surface, it looks like Microsoft's founder want to give himself a bonus, but he is giving away all of it.

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A quick read discussing public perception in the world of online banking:

The updated report from the Better Business Bureau study shows that fear has unrealistically worsened. "Our numbers show that fears about online identity fraud may be out of proportion to the relative risk, causing consumers to ignore the most glaring issues," Javelin's founder and chief analyst, James Van Dyke, said.

Despite the rising perception among consumers that online transactions are very risky, this latest study shows results to the contrary. It concludes that identity fraud problems are not worsening. In fact, the total number of victims is declining.

I'm not sure I believe this last bit, though:

The average time to resolve an identity fraud crime dropped by 15 percent from 33 hours in 2003 to 28 hours in 2004.

A year or two ago, my friend's debit card was compromised. Later, he found out that he'd purchased a bunch of stuff from Digital Blasphemy. That took several weeks to clear up! (I think the red tape at his bank was responsible for the length of time involved, though.)

Personally, I have no problem logging into my accounts online. I've even convinced my parents that its safe to do so -- no easy task.


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Banking on illegal labor


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Undocumented workers in the U.S. generate billions of dollars in payroll taxes each year -- and don't see a single benefit from it.

Common Banking Mistakes


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IBK to Halt Internet Banking


IBK to Halt Internet Banking 09/02/2004 08:15 AM
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Banking on Christopher & Banks?


Banking on Christopher & Banks? 09/23/2004 11:27 AM
Management keeps growing and buying back shares even as the retailer struggles.

Should You Skip Out On Internet Banking?


Should You Skip Out On Internet Banking? 03/08/2004 11:04 PM
A security researcher is now claiming that everyone should avoid online banking because "it's no longer safe". The "no longer" part is a bit misleading, as he also says a home computer was "never" designed to be safe enough for online banking. The response, though, from a bankers' association (obviously a bit biased) seems to make a lot more sense. They point out that nothing online is completely secure, but that if users take the proper precautions they should be pretty safe. The proper response, then, is that these banks should do as much of that work as possible in getting their users up to speed on safer surfing techniques. However, to completely write-off online banking seems a bit excessive. Improving security should definitely be a priority, but that doesn't mean that the current solution doesn't work for now.
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