Further online banking competition

Further online banking competition

Network Security January the Internet. Challenge response schemes use DES-based algorithms to generate one-time passwords. Users require a special s...

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Network Security

January

the Internet. Challenge response schemes use DES-based algorithms to generate one-time passwords. Users require a special security card and a personal identification number to generate passwords which authenticate them as legitimate. The firewall responds to attacks and incorporates security features to detect probing and automatically trigger alarms if this should occur. A comprehensive audit trail is also maintained. For further information contact Stephen Bacon, NetConnect Ltd on +44 1223 423523.

Novell’s operating systems forecast to remain dominant Forrester Research has recently released a report entitled “NetWare or NT?” which states that Novell will remain the major provider of network operating systems. The company also revealed that NetWare Directory Services (NDS) is NetWare’s key advantage. According to the report, NetWare 4.1 provides the next generation of network services with NDS as the linchpin. Because NDS is flexible, new applications can plug into the network, leverage existing directory information and be managed through the same set of tools that manage NetWare.

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There are said to be four additional strengths that will enable Novell to continue to lead the network operating systems’ market. These are the installed base of NetWare users, technology such as Novell Tuxedo, superior network management, and partnerships, While Forrester sees Microsoft’s Windows NT becoming a critical applications platform, it concludes that, “Microsoft’s ability to enable a distributed environment through NT is far behind Novell’s”

Further online banking competition Intuit plans to expand its home banking services to the Internet, adding a new avenue for participating banks and financial institutions. Intuit has offered, reports the New York Times, to connect banks with their customers over Intuit’s own private computer network and through an alliance with the America Online network. In the meantime, Microsoft is expected to outline a competing strategy for the Internet and other online services. Both Microsoft and Intuit are mistrusted in the banking industry, where they are perceived as potential competitors as well as technology suppliers. Microsoft appears to be pulling back from some of its

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ambitious plans for home banking, reflecting the company’s new emphasis on electronic mail and the Internet’s WWW rather than through proprietary networks that the company control, As a result, Microsoft is abandoning its previous approach - one still followed by Intuit - that sought to build revenue from transaction fees and charges for online services, Intuit has signed up for more than two dozen banks that use its system Quicken as the front end for allowing customers to pay bills, update and reconcile accounts, and transfer funds over Intuit’s own private network and on America Online.

The new era of cable modems Internet addiction looks set to become an even bigger problem with the first large-scale test of cable modems. According to a report in The Wall Street Journal, Continental Cablevision has had considerable success with Project Agora, in which it installed some 10 000 cable modems on the campus of Boston College. The modems provide access to the Internet via high-capacity TV cables plugged into the PC, and are able to carry data up to 1000 times faster than telephone

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