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Showing posts with label automate. Show all posts
Showing posts with label automate. Show all posts

Tuesday, March 20, 2012

T.S.A. Is Considering Automating ID Checks

Excerpt from an article in

The New York Times
Tuesday, March 20, 2012

T.S.A. Is Considering Automating ID Checks

By SUSAN STELLIN The Transportation Security Administration has spent a lot of money on technology to keep dangerous items off planes — with mixed results — but has been slower to address another risk: travelers who are using a fake boarding pass or identification.

Despite announcing plans last fall to test machines that can electronically verify passengers’ documents, the agency still relies on its agents to visually inspect boarding passes and IDs, and confirm that each traveler matches the photo on a driver’s license or passport. At a busy airport, one employee may check several hundred documents an hour.

The repetitiveness of that task has left plenty of room for human error, as Michael Krug and his colleague discovered when they were on a Delta flight in February and realized they each had a boarding pass for seat 12C, both printed with Mr. Krug’s name.

“The person at security didn’t notice that my co-worker’s boarding pass had my name on it and he had an ID with his name,” Mr. Krug said.

The two men checked in as part of a group and figured that the agent must have handed them two copies of the same boarding pass, a mistake that was overlooked at the security line and then again at the gate. That triple error may be rare, but it highlights a security flaw that has been publicized many times.

Last year, for instance, a Nigerian man managed to fly free from New York to Los Angeles with an expired boarding pass in someone else’s name, but was arrested a few days later at Los Angeles International Airport when he tried to fly to Atlanta using another expired pass.

Travelers, security specialists and the news media have reported many other instances when T.S.A. agents failed to notice a fake or expired boarding pass or improper identification, a vulnerability that has been a concern since it was discovered that many of the 9/11 hijackers had obtained fraudulent IDs.

With the advent of online check-in, it became easy to digitally alter a real boarding pass with a different name or new travel date and print a copy that would get through security. There have even been Web sites that generated a fake boarding pass or provided instructions on how to make one at home.

The T.S.A. said it was working to address this problem as part of its shift toward a more risk-based approach to screening passengers, which gives higher scrutiny to travelers the government knows less about.

In October, the agency announced that it was spending $3.2 million to buy 30 document authentication systems from three vendors, which it planned to test in airports in early 2012. Those tests are now expected at select airports “in the coming months,” said Greg Soule, an agency spokesman.

“The technology is designed to read security features embedded in both the boarding pass and ID to verify their authenticity and ensure the names match,” Mr. Soule said in an e-mail.

Friday, March 9, 2012

News Release from EMC - Documentum xCP

Global Financial Services Firm Increases Capacity 35% With EMC Documentum xCP
Viteos Capital Market Services Ltd. Automates Business Processes to Achieve Global Compliance and Gain Competitive Advantage
HOPKINTON, Mass. - March 7, 2012

EMC Corporation (NYSE: EMC) today announced that Viteos Capital Market Services Ltd. has significantly improved operational efficiency, achieved global industry compliance, reduced customer onboarding time, and expanded its business, gaining a 35% increase in transaction capacity by deploying EMC® Documentum® xCP, an integrated platform for building dynamic business solutions and an action engine for Big Data.

Customer Benefits:

  • Increased Efficiency and Capacity by 35% — As a result of deploying Documentum xCP, Viteos enhanced efficiency and capacity by automating its organizational processes to reduce paperwork and errors. Time to onboard new clients has decreased from months to weeks.
  • Achieved Global Industry Compliance — Automated enforcement of policies, process repeatability, and full audit trails enabled Viteos to reduce risk and achieve both regulatory and legal compliance in each country in which the company operates.
  • Significant Cost Savings via Paperless Environment — Viteos dramatically reduced operational costs by employing Web-based access and eliminating paper-based processes resulting in dramatic cost reductions, improved worker productivity, better decision making, and enhanced service levels across its global clients.

Customer Challenges and Solution:

Viteos Capital Market Services is a global fund administrator and operational outsourcing service provider to the alternative investment community, offering tailored solutions for hedge funds and institutional investors. With a global delivery model combining real-time technology with 24x7 operations worldwide, Viteos required a more robust and scalable information management infrastructure that would support its growing business, and extend its existing Microsoft SharePoint interface without disrupting its current users.
Viteos began working with EMC as part of a project aimed at improving operational growth, meeting regulatory compliance, and increasing efficiency. Viteos selected Documentum xCP as the back-end document repository and leveraged its existing SharePoint deployment as the front-end user interface providing transparency to its customers while saving time and costs associated with training.
Using Documentum xCP, Viteos was able to establish a standardized platform, which included EMC® Captiva® for integrated enterprise capturebusiness process management (BPM), and document management, along with a broad feature set, enabling the company to address applications and processes in every area of the business. Tasks that were once tedious and error-prone are now automated and seamless. The solution, which is fully compliant with industry and legal regulations, also includes VMware for virtualization, reducing data center power and the number of physical servers.
Viteos has received several accolades for its business transformation achievements with the most recent recognition by Workflow Management Coalition and BPM.com. Viteos was selected as a finalist in the 2011 Global Awards for Excellence in BPM and Workflow for implementing an innovative business process solution to meet strategic business objectives.

Customer Quote:

K.B. Venkataramanan, senior vice president and CIO of Viteos
"We were outgrowing our previous infrastructure and needed a solution that could automate repeatable manual processes, reduce paperwork, meet compliance standards, scale up or down to meet changing business environments – all while keeping costs down. Not only have we met all our goals with Documentum xCP, we have grown our business by 15 percent year over year."

Executive Quote:

Rohit Ghai, Vice President and General Manager, Content and Case Management Group, EMC Information Intelligence Group
"EMC is pleased to work with Viteos to transform their operations. The financial services market is a key vertical market for us, as compliance, operational efficiency and delivering optimal customer service are key requirements. Global brands around the world rely on the EMC Documentum brand for meeting those and a variety of other needs. Increasing business transactions 35% and growing 15% year over year are impressive accomplishments; we're thrilled to play a part in the success at Viteos."

Additional Resources

Thursday, March 8, 2012

News Release from Bank of America

BofA Merrill Commercial Card Conference Promotes Innovation in Payments; New Products and Global Footprint Highlighted
NEW YORK--(BUSINESS WIRE)--Mar. 7, 2012-- Last week in San Francisco, Bank of America Merrill Lynch gathered together more than 180 client company representatives from around the world to discuss the evolving trends, innovations and developments in commercial payment solutions for Cards. Under the theme of “Plastics and Beyond: Exploring New Ways to Pay,” the conference drove a debate on the technology-driven change in global payments. Speakers included payments industry specialists, company leaders who have successfully transformed their payments processes, and BofA Merrill’s own experts.

The three-day program offered attendees information on crucial topics, including how a company’s shift toward a fully automated electronic environment translates in the real world, and what companies could expect in terms of internal and external obstacles and benefits when moving payments toward an enterprise wide electronic culture.

Speakers also addressed the impacts of the economic and business environment on the payments industry across the globe, and how emerging technologies are changing the payments landscape. Some of the industry experts who presented at the conference included Wayne Best, chief economist, Visa, Inc., and Ian Bremmer, president, Eurasia Group.

During the conference, BofA Merrill announced enhancements to its card platform, and discussed how its innovative programs can help companies achieve electronic payment migration on a global scale. Among the products and capabilities discussed were:
  • Chip and PIN – the new, more secure card technology offered to companies with employees travelling outside the U.S.
  • Works® – BofA Merrill’s proprietary card management software that has been enhanced with new functionality that aids reconciliation and improves the user experience.
  • Global Footprint – BofA Merrill’s global card offering will be available in more than 70 countries by the end of 2012. The company recently announced plans to offer card solutions in new geographies in Asia, Europe and Latin America, including, Japan, Austria, Denmark, Norway, Portugal, Sweden and Colombia.
“BofA Merrill’s conference provides an excellent venue for clients to meet with their peers and discuss the latest trends, challenges and breakthroughs in the card and Payables industry,” said Kevin Phalen, head of Global Card and Comprehensive Payables. “We are very proud to be moderating this important dialogue, which will ultimately benefit companies everywhere as they increasingly migrate to a global electronic payments environment.”

About Bank of America Merrill Lynch Commercial Card


Bank of America Merrill Lynch is a leading provider of card solutions to large and middle market companies, globally, and to federal, state and local government entities in the United States. BofA Merrill’s Commercial Card group works with these organizations to design integrated ePayments solutions that help unlock working capital while increasing efficiency, visibility and control.
As part of the Global Treasury Solutions business, BofA Merrill’s Commercial Card and Comprehensive Payables group develops strategies and solutions that are closely aligned to the treasury goals of corporate, commercial and government entities.

BofA Merrill cardholders can be served in numerous languages and have access to a worldwide network of more than 32 million credit card merchants and ATMs.

In 2011, the bank added new card solutions in 18 countries, and by the end of 2012, it plans to offer card solutions in more than 70 countries and 29 currencies.

For more information regarding BofA Merrill’s card solutions, please visit http://corp.bankofamerica.com/business/ci/card-solutions.


Bank of America


Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.