Thursday, March 18, 2010

IT News HeadLines (TechWeb) 18/03/2010



PayFlex Releases New HSA
PayFlex's new custodian-agnostic product enhances flexibility and control for employers and insurers, while extending its HSA offering to any financial institution, the vendor claims
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Global CIO: Why Oracle's Earnings Will Improve With Sun
Column about why Oracle's earnings growth will continue with the acquisition of Sun, based on financial analysis from investment manager Chuck Carnevale.
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Virginia Shakes Up IT Leadership Structure
A new law gives the state's CIO and secretary of technologies new powers and junks a bureaucratic oversight board.
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Fifth Third to Encrypt Card Payments End to End
Working with 180,000 merchants to secure card payments from merchant terminals to payment processor.
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Verex Implements edge IPK edgeConnect
The edge IPK product underpins a solution designed to enable Verex to offer a range of branded insurance products directly to automobile manufacturers, dealers and their customers.
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IBM Revamps Intel Server Lineup
Big Blue adds new rack, tower, and blade systems to its portfolio of Xeon-based servers.
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Spring Launches Alex eReader
The Android-based electronic reader uses a Wi-Fi connection for updates, Web access, and downloading books.
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PivotLink Launches Analytic Apps
Prebuilt metrics, reports, and dashboards extend the company's software-as-a-service-based business intelligence platform.
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ITG Launches POSIT Marketplace in Asia for Fund Managers
The Asian platform will aggregate dark liquidity from multiple sources in the region with institutional liquidity from POSIT.
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Franklin Federal Savings Automates Account Openings
Software helps decrease customer wait times, bank says.
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Bernanke Defends Fed's Small Bank Supervision Role
U.S. Federal Reserve Chairman Ben Bernanke Wednesday fought back against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.
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WellPoint Sees Slight Drop in Enrollment This Year
Health insurer WellPoint Inc projected membership would fall slightly this year and reiterated its forecast for lower operating profit for 2010 as the weak economy keeps pressuring results.
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DHS Reallocates Funds For Border Fence
The Department of Homeland Security plans to spend $50 million on mobile radios, cameras, laptops, and other security technologies.
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FCC: Broadband Key To Healthcare IT Initiatives
Expanding the nation's broadband infrastructure will improve electronic medical record delivery and lower healthcare IT costs, report says.
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PivotLink Bows Analytic Sales, Marketing and HR Apps
Prebuilt metrics, reports and dashboards extend vendor's SaaS-based business intelligence platform.
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Windows Phone 7 Gets Developer Tools
Microsoft has modified familiar packages like Visual Studio for use with its new mobile device platform.
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Verticlear Launches With Broker-Centric Data And Account Management Solutions
Verticlear plans to release additional solutions that improve on legacy data models and provide a better framework for brokers to integrate with downstream data systems.
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Jefferies Launches New Suite Of Algorithmic Trading Strategies For Equity Markets In the U.S., Canada And Europe
The algorithms are built to address two features coveted by algorithmic traders: ease of use in terms of switching seamlessly between working algorithms, and the ability to have more control over the algorithm's execution logic.
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PayPal Offers iPhone Transactions
Money transfers, reimbursements, and account management are a few of the tasks the Send Money app can handle.
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Four Banks to Be Tried in Milan Derivatives Case
An Italian judge has ordered four foreign banks to stand trial for aggravated fraud stemming from a 2005 derivatives swap for a $2.32 billion bond issued by Milan, legal sources said.
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U.S. Thrift Regulator Defends Industry, Agency
U.S. thrifts did not engage in regulatory arbitrage, nor were they a cause of the financial crisis, the top U.S. thrift regulator said on Wednesday.
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Cloud Connect: A Microsoft Priority
Microsoft executives at the Cloud Connect show echo CEO Steve Ballmer's vow: cloud computing is a company priority.
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Nortel Patents Live On
Among the firm's remaining assets are 3,000-plus patents, many of them for important LTE intellectual property.
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Global CIO: 10 Things SAP's Co-CEOs Should Focus On
Column about 10 things that SAP's new co-CEOs, Jim Hagemann Snabe and Bill McDermott, should be talking about and getting their company to focus upon.
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Risk Dashboard Lets Bankers Stress-Test Loan Portfolios
WebEquity analytics let bank executives conduct stress-testing on their loans before and after loan approval.
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