American Express is at the helm again. They are serving up smart cards to customers long before anyone else in the U.S. has even hopped on the bandwagon.What makes a smart card smart? Well, each card is loaded with a mini-microprocessor that allows the user to enter identification data for each transaction. It works similarly to a bank debit card where the user must enter a password.
Intuit has announced that CEO Bill Harris has resigned his position to pursue entrepreneur activities. Replacing him on an interim basis is chairman Bill Campbell.Harris is credited with developing and creating the company's Internet business as a hub for online financial services. Twenty percent of Intuit's revenues over the past six months were derived from the Internet.Harris has spent seven years with the company, beginning his role as executive vice president for the tax division in 1993, and progressed to CEO in 1998.
Data mining is one of the new buzzwords in the accounting and technology industry, perpetuated by the ability to drill down into spreadsheets and general ledgers to extract information. In fact, it was named one of the AICPA's Top Ten Technologies in 1998.The banking industry has used data mining as a means to track information on customers from data submitted by the customers themselves. Data is compiled in a computerized data warehouse for use in other areas.
PricewaterhouseCoopers and Deloitte & Touche are two of several consultants who have lent their expertise in the Web site security arena and to the content of a report published by Plano, TX-based Entrust Technologies Inc. This is an issue CPAs should be knowledgeable about based on the CPA Vision vision statement and AICPA's WebTrust program.The
by AccountingWeb on Sep 24, 1999
Firms looking to offer more software assistance now can partner with the leading PC-based accounting software company. Sage Software Inc. just launched the Sage Accountant Alliance (SAA) program to better serve the CPA community. Members of the new alliance will receive:- BusinessWorks and MAS 90 software- Discounts on training and other products and services offered by Sage- Software update newsletters- Access to the SAA web site- Toll-free telephone support servicesThe alliance should help CPAs better serve their clients.
Did you ever want to copy one entire floppy or zip disk onto another, but were frustrated by having to load it onto the hard drive first and then retrieving it? To save the hard drive step, open Explorer (right mouse click) and highlight the drive you want to copy, then right click again and click on "Copy Disk." Simply click on Start and follow instructions. Midway through the process, you'll be prompted to insert the destination disk and then you'll be done. Voila! No hard drive copying!
George T. Shaheen, a thirty year veteran of Arthur Andersen and CEO of Andersen Consulting since 1989, announced his retirement from the firm to join a new online grocery and drug megastore as President and CEO, effective immediately.The Webvan Group Inc. operates a fleet of vans to deliver a wide range of groceries ordered through its website. It currently operates exclusively in the San Francisco Bay area. Webvan is backed by CBS Inc.
Could you have a Web-mail account and not know it?
Electronic signatures and records are now valid according to the Uniform Electronic Transactions Act (UETA). The UETA was approved at the recent National Conference of Commissioners on Uniform State Laws (NCCUSL), and will go into effect January 1. But don't give up manually signing your name just yet.
by AccountingWeb on Sep 21, 1999
Industry Standard magazine has named Ernst & Young to its list of the top 100 Internet-savvy companies based on the Big 5 firm's technical and consulting efforts.The Standard considers E&Y and its $650 million in revenues (up $250 million from last year) to be an "I-Builder," or a champion in providing Web design and consulting services for a company's Internet clients. Named as one of the innovations is "Ernie," a mechanism by the company to provide service to clients who want to find help on their own.This is the first year for the publication's list.
Wow! The Internet turns 30 years old this week. But even as the Internet gains in popularity, the numbers don’t lie. Almost 75 percent of the U.S. population doesn’t have access to the Internet.So, even at a hearty 30 years old, the Internet has a long way to go to adulthood.
Just as the AICPA has enacted the WebTrust seal to demonstrate to the public that financial transactions over the Internet are secure, online shopping sites also are adopting various "seals of approval" for the sake of the public.A Harris poll found that less than 20 percent of online shoppers purchased goods or services over the Internet because they didn't want their credit cards exposed to unknown parties.
Ensuring transactions are secure over the Internet is a chief concern for those who want to bank online. This and other observations were gained from a recent CNNfn poll on virtual banking.Just over 27 percent of respondents hailed security as their chief concern over other issues, such as a bank's financial stability and even ATM banking fees.
by AccountingWeb on Sep 17, 1999
Trade-show goers be advised. More than 225 leading information technology companies in the banking, securities and insurance industries will showcase their products and services at the 8th annual Financial Technology Expo. The Expo will take place Nov. 16-18, 1999 at the Jacob K. Javits Convention Center in New York City and will feature separate conference programs.The most innovative IT solutions will be featured in pavilions designed specifically for financial services, banking, securities and insurance professionals.
by AccountingWeb on Sep 17, 1999
Just when you thought you were turning the corner on Y2K compliance, some practical joker has initiated an email hoax that may make it to your staff before it gets to your IT department.The joke centers around Y2K compliance of Microsoft Windows 95, Windows 98 and Windows NT. The email starts out something like this: “Every copy of Windows will fail on January 1st unless you fix it now, to fix it…” The email then walks the reader through what looks like a fix.