A BRAVE NEW WORLD--OR A TECHNOLOGICAL NIGHTMARE? BIG BROTHER IS WATCHING!
If your automatic teller machine doesn't recognize your face, it soon will--in fact, it will know all about you. Already, in major cities throughout the United States, running a red light prompts a picture being taken of your license plate--and a computerized ticket being sent to you through the...

Castro's withdrawal of U.S. dollar could help Canadian money transfer services.
Now that the Cuban government has removed U.S. dollars from circulation, many Cuban-Americans are wondering how they're going to send money to their families on the island. Some are concerned whether they'll even be able to continue using U.S. money transfer services like Western Union and MoneyGram. ...

Breaking down the FTC's amendments to the Telemarketing Sale Rule. (Legal Review).
On Dec. 18, 2002, the Federal Trade Commission (FTC) announced its final amendments to the Telemarketing Sales Rule (TSR). Aside from the national do-not-call (DNC) list and caller ID provisions, the amended TSR will take effect on March 31. The linchpin of the amended TSR is the...

Online venture offers users new way to send cash to Cuba. (Money).
In 1998, the Clinton administration authorized money transfer agencies to wire funds directly from the United States to Cuba. Today, those remittances are believed to reach $800 million a year--a lucrative market that's attracted not only heavy hitters like Western Union and Moneygram, but upstarts like Toronto...

Ex-barangay brass breaks monopoly in computer trade.
Byline: JUN RAMIREZ A former barangay chairman in Manila has broken the monopoly of multinational companies in the local computer business and is on the verge of controlling the supply and service of the trade, it was learned yesterday. Manuel Nonong Bagatsing, head of the...

Lessons in ACH data. (Database Marketing).
In the next several columns, we will be showcasing the work of advanced MCIF users and industry leaders who have successfully utilized profitability data. This month we are featuring the work of Michael Uline, Farmington, Minn., an expert in the integration of automated clearing house (ACH) transactions, MCIF and...

Overdraft program well worth the effort, if run responsibly. (View Point: Advertisement).
AN INTERESTING DEBATE HAS EMERGED OVER WHETHER BANKS AND THRIFTS ARE SAINTS OR SINNERS WHEN IT COMES TO OVERDRAFT PRIVILEGES. The payment of NSF checks is not a new concept. Historically, banks have always provided selective overdraft payment for their preferred account holders in informal relationships and...

NEWS IN BRIEF; Peso closed at P53.72.
The peso closed at P53.72 to the US dollar at the Philippine Dealing System of the Bankers Association of the Philippines Friday. The weighted average rate depreciated to P53.667 from P53.590. Ajinomoto-Unilever deal clarified Ajinomoto Co. Inc. and Unilever Plc. reached an agreement for the...

A Big 'Pop' for Online Banking.
What's keeping your customers from banking online? The marketing people at KeyBank in Cleveland are betting that it isn't cost--it's (perceived) inconvenience. To counter this presumption, KeyBank mailed out 118,000 bags of popcorn to customers with checking accounts and an ATM or debit card--those whom KeyBank considered...

Fun and excitement in the First Subic Bay Legendary Adventure.
Byline: ANNALYN S. JUSAY Summer is usually associated with picnics, beach parties and a sundry of sports activities. It therefore came as a pleasant surprise when the Subic Bay Metropolitan Authority (SBMA) and Legend International Resorts Limited (LIRL) held last April 26 the 1st Subic Bay Legendary...