It's either the newest thing in online delivery of a dizzying array of services to the masses and back office alike, or it's really nothing new, depending on who you ask.

For instance, to Pat Valentino, senior vice president of real-time solutions at FIS in Jacksonville, Fla., the term "cloud" has become jargon.

"I've been in financial services for more than 40 years, and what I'm hearing called the 'cloud' is taking the traditional service bureau model and adding a new word to make it sound kind of cool," Valentino said.

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