Minnesota Community Bankers Showcase Cutting-Edge Technology
October 27 2003 - 1:15PM
PR Newswire (US)
Minnesota Community Bankers Showcase Cutting-Edge Technology
Customer Convenience & Security Top List of Priorities ST.
PAUL, Minn., Oct. 27 /PRNewswire/ -- Over 700 community bankers
from across the Upper Midwest gathered today at St. Paul's
RiverCentre for TechXpo - The Upper Midwest Community Banking
Technology Exposition, a trade show featuring the latest technology
for online banking, security and identity management. The focus of
the exposition is to provide community bankers with access to the
latest advances in technology so that they can provide their
customers with convenient and secure banking services. TechXpo is
sponsored by the Eagan-based Independent Community Bankers of
Minnesota (ICBM). TechXpo showcases new data and check processing
technology, data communications, and security technologies
including biometrics. The biometrics exhibits include Palm Scanner
technology, finger print reader systems, and technology that
identifies and blocks computer hackers. At the "Security Lab"
attendees witness demonstrations that show the vulnerabilities of
home computers and software that can prevent online intrusion.
"TechXpo provides community bankers an opportunity to learn from
vendors and each other the many ways we can enhance the banking
system and provide more effective delivery of financial products to
our customers," said Will Haddeland, ICBM Executive Director and
CEO. "TechXpo also provides community bankers with opportunities to
learn how to ensure that their systems are secure, and how to
implement information management and identity management systems
that keep financial data secure and help protect customers against
identity theft," he added. "Community bankers have a special bond
with our customers because we are part of the community," said Jim
Kisch, Vice President of Sunrise Community Banks in St. Paul. "We
don't just keep money safe, we keep families safe. For community
bankers it's about building relationships and protecting the
interests of people you really care about and that starts with
providing the best security systems." "Technology has given our
customers more power over how they use their resources, but for it
to work for them we ensure that we have high-security systems in
place to protect their assets," Kisch added. "Technology for banks
covers not only the Internet, but also shows banks how to position
themselves to meet the changes in legislation, such as 'Check 21,'
which should be signed by President Bush in November," explained
Leo Stadnik, Director of ICBM's Technology Resource Program.
"'Check 21' positions banks to send check images from one bank to
another to 'collect' the check instead of having to send the actual
check itself. Check imaging-the storing of check images
electronically-is becoming more prevalent among community banks.
What this means for customers is higher security and more
convenience. Imaging, coupled with a bank's Internet banking
product, allows customers to view their checks online. Since
customers can view the checks sooner it also reduces fraud, and
customers don't have to worry about storing their cancelled paper
checks," Stadnik explained. TechXpo attendees also learned about
current legislation, changes in check and electronic transfer
methods and security audit procedures at six education sessions.
TechXpo concludes on Wednesday. DATASOURCE: Independent Community
of Bankers of Minnesota CONTACT: Kathy Royce, +1-651-253-6638, or
Tom Kelly, +1-612-309-3303, both for Independent Community of
Bankers of Minnesota
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