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.
Stories by Lucas Mearian
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.
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 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.
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.
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.
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.
An e-commerce joint venture backed by Microsoft and Accenture said it has signed a deal with EMC to provide storage services for Windows 2000, SQL Server and Exchange customers.
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.
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.
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.
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.
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 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.