Info Risk Today Podcast

Increasingly, consumers long for a simple payment solution that allows them to send money to family and friends via email or text message.

Boeing Employees Credit Union (BECU), Washington's largest credit union, is at the forefront of the person-to-person (P2P) payments revolution. And in an exclusive interview, Howie Wu, VP of Virtual Banking, at BECU, discusses:

He earned a B.A. in Accounting and a MBA in Information Systems from Washington State University. His professional interests include IT, finance and business leadership. He also participates as a panelist in various industry forums and is a member of several financial technology committees.

Axelrod is currently executive advisor for the Financial Services Technology Consortium. Previously, he was a director of Pershing LLC, a BNY Securities Group Co., where he was responsible for global information security. He has been a senior information technology manager on Wall Street for more than 25 years, has contributed to numerous conferences and seminars, and has published extensively. He holds a Ph.D. in managerial economics from Cornell University, and a B.Sc. in electrical engineering and an M.A. in economics and statistics from Glasgow University. He is certified as a CISSP and CISM.

As director of federal network security at the Department of Homeland Security's National Cybersecurity Division, Matt Coose is helping shepherd the Trusted Internet Connection initiative, which aims to reduce the number of connections linking executive branch IT networks to the Internet to 100 or fewer from thousands upon thousands.

The basic concept behind TIC, initiated in 2007 by the Bush administration, is that by drastically reducing the number of access points, the government could more easily monitor and identify potentially malicious traffic.

In the interview, Coose:

Coose, a West Point graduate and former Army captain, was interviewed by GovInfoSecurity.com's Eric Chabrow.

These were the questions on Dennis Simmons' mind when his trade organization, SWACHA, the electronics payments resource, launched a recent survey on consumer usage of electronic payments.

In an exclusive interview, Simmons discusses:

Simmons has over 20 years experience as the senior operations officer of several Dallas area banks. A frequent speaker and recognized expert on payments system issues, he is currently a member of the Board of NACHA, the immediate Past Chair of NACHA's Electronic Check Council and immediate past Co-Chair of NACHA's Risk Management Advisory Group. He was recognized by Transaction World as one of its 2007 "Movers and Shakers" in the payments business and is the recipient of two public service awards from the Federal Bureau of Investigation (FBI). He is an Accredited ACH Professional (AAP).

SWACHA is an official source for the ACH Operating Rules and represents its members in national issues and the rule-making process. SWACHA's mission is to be the resource of choice for education, training, representation and knowledge regarding payments and payments system risk.

Bank of America was one of the first institutions to move toward mobile banking in a big way. Two years into the initiative, Doug Brown, SVPO of Mobile Product Development, discusses:

Brown leads the eCommerce Product Development team at Bank of America, where he is responsible for strategy and new product development for online banking, mobile banking and ATM. Most recently, Brown led the successful launch of the Bank of America mobile banking and bill pay products. He has an extensive background in marketing and technology strategy in the financial services, software and telecommunications industries.

To gain further insight into spending trends, we spoke with Christine Barry, research director with Aite Group, on:

Christine Barry serves as a Research Director at Aite Group LLC, focusing on the strategies and technology implementations of global banks of all sizes. Her recent research has addressed remote deposit capture, best-practices for credit unions, capturing the valuable small-business customer, global cash management trends, and core banking system replacement. She is an acknowledged banking industry expert with more than a decade of experience in financial services products and technologies. She has worked with a broad range of U.S. and international clients analyzing industry trends and identifying market opportunities, product gaps and potential partners to help them achieve their strategic IT goals.

Nick Burke, Director of Sales for Information Security Media Group (ISMG), publisher of BankInfoSecurity.com and CUinfoSecurity.com, attended the event, meeting with many of the banking/technology leaders sponsoring the conference. Among the key themes resonant in Burke's discussions with these leaders:

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Multi-channel fraud - schemes that are launched simultaneously via telephone, Internet, in person and via mail - is a growing concern for financial institutions. And the linked crimes aren't always easy to spot.

In this exclusive interview, security expert Diana Kelley discusses:

Diana Kelley founded SecurityCurve in April of 2003. She has extensive experience creating secure network architectures and business solutions for large corporations and delivering strategic, competitive knowledge to security software vendors.

Prior to returning to SecurityCurve in January 2008, she was Vice President and Service Director for the Security and Risk Management Strategies (SRMS) service at Burton Group. Diana was the Executive Security Advisor for CA's eTrust Business Unit. At CA she was responsible for advising customers on strategic security solutions and helped guide CA's security business.

She served as the Vice President of Security Technology for Safe3W, Inc (acquired by iPass), a provider of strong, two factor authentication. Representing Safe3W she was actively involved in the Technical Group for NACHA's Project Action. And she was a security industry Analyst with Baroudi Bloor, a top-tier analyst firm where she delivered strategic advice to, among others, IBM and Psionic (acquired by Cisco.)