Chances are, your alma mater has already drained more than a few dollars from your bank account. DePaul University in Chicago, however, wants its alums to put all their money in the bank?preferably its own. In an effort to stay connected with its 100,000 alumni and boost donation rates, DePaul opened an online bank, DePaulBank.com, in January. The university works with Sutton Bank in Attica, Ohio, to offer interest-bearing checking and savings accounts, ATM and debit cards, online bill paying and other services to university alumni. Lending DePaul’s brand to an Internet bank makes sense since it has one of the largest computer science programs in the country, says Kenneth McHugh, the university’s executive vice president for operations.DePaul’s move into Internet banking follows the November opening of AJDrexelBank.com by Drexel University in Philadelphia. Many other colleges and universities are taking similar approaches to building alumni ties as federal funding for higher learning has declined. Although DePaul’s online bank is just getting off the ground, the university already plans to expand the service to faculty, staff, student body and community members. “DePaul is a leader in technology and education,” McHugh says. “This program will help us spread the word.” Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe