| Bank emperor's biggest gamble
In 2007, Countrywide had $408 billion in mortgage originations and has a servicing portfolio of about $1.5 trillion with 9 million loans.
But unlike the deals for the healthy FleetBoston or MBNA, Lewis isn't adding a financial winner. Countrywide said this week that the percentage of borrowers who missed payments on home loans last month rose. The nation's biggest mortgage lender said about 6.96 percent of the loans in its servicing portfolio were delinquent last month, up from 5.02 percent in December 2006.
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Halifax appoints behavioural targeting specialist
Halifax has appointed Omniture TouchClarity to carry out behavioural targeting. Omniture TouchClarity will now work on serving visitors to the Halifax site the most relevant content and product information. Barclays, HSBC and Lloyds TSB already use the technology on their own sites. Shoomon Perry, head of ecommerce at Halifax, said, "Halifax is committed to a strategy of taking business from our competitors by offering more value. We have the best products... .
Digital hearing aid devices giving patients more control
He said there are some hearing aid companies that still make analog devices, but most of them have switched to digital. While some people can get by with one hearing aid, he recommends two so hearing is better balanced. "Hearing is in your brain," he said, "and the brain can better balance information it is receiving from two sources instead of one." Terri Samuelson, an audiologist with the Defiance Hearing Aid Center, tests patients to determine how much hearing has been lost. "Patients must understand that a hearing aid is like a corrective lens in eyeglasses," she said. "A hearing aid will correct hearing up to a certain point, depending on how much damage has been done to the ear or in the brain. Some people may be able to hear again at 100 percent and some at 20 percent of what they originally had." She noted it is rare that patients would regain 100 percent of their hearing, but scientific research is ongoing to try and regenerate hair cells.
Chase Paymentech Announces A-Claim Integrated Healthcare Payment ...
DALLAS, Nov. 7 /PRNewswire/ -- Chase Paymentech, the leading global payment services provider, and Preferred Health Technology, Inc., a provider of electronic payment and transaction processing services for the healthcare industry, today announced the launch of A-Claim, the first fully-integrated healthcare payment solution designed to reduce accounts receivables for physicians and simplify claims payments for patients. A-Claim combines award-winning technology innovation with Chase Paymentech's state-of-the-art payment functionality and enhanced payment processes to provide physicians with reduced accounts receivable, shorter collection cycles and decreased risk of non-payment. A-Claim achieves the full-cycle automation of information and payment flows, from the submission of claims to the receipt of payments and reconciliation.
BT Tradespace spruces up its search
BT Tradespace, the service designed to help small businesses set up an online presence, is to make it easier for its users to sell directly to the consumer. The free service, which launched in April, is already linked to the online payment service PayPal but its upcoming evolution will make the search capabilities on the site more powerful. Ivan Croxford, head of BT Tradespace, admitted that due to not advertising to consumers yet, BT Tradespace has experienced "relatively low" traffic to the site's 28,000 business user profiles. However, he added, BT will start to advertise the service to consumers within the next couple of months. Bill Murphy, managing director of BT Business, said greater integration between BT Tradespace and BT's more traditional online and paper-based directory services will occur in the near future.
The 41st Parameter Responds to Market Demand With Funding and ...
SCOTTSDALE, Ariz., Aug. 7 /PRNewswire/ -- The 41st Parameter, the leader in online fraud detection and prevention solutions for eCommerce and financial services, today announced that it has closed a strategic round of funding and added important new executive positions in response to dramatic market growth signals and customer wins. The round of funding led by JAFCO Ventures (http://www.jafco.com/) with participation from Kleiner Perkins Caufield & Byers (http://www.kpcb.com/) and Norwest Venture Partners (http://www.nvp.com/) will fund important initiatives around new channels of distribution, enterprise solution development, sales and marketing. The executive appointments of Tom Noyes, Sunil Padiyar, Tim Manning and Elazar Katz to its senior management team, also underscore the Company's commitment to providing enterprise-class solutions and services for an important new technology market dedicated to reducing online fraud.
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