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Windows XP and Electronic Banking
The FFIEC has previously issued a statement on Windows XP and the regulatory expectations for both financial institutions and TSP’s beyond April 8th, but so far the regulators have not weighed in on the implications to e-banking and RDC customers. According to some estimates, as many as 30-40% of your business customers may still be…
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Corporate account takeovers – responsibility vs. liability
In all remote merchant services (RDC, remote ACH, remote wire origination, etc.) there are three main parties responsible for securing the transaction:
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Reg. E reform and RDC
I recently ran across an excellent post on this topic regarding the fact that even though Reg. E does not currently regard corporate and municipal accounts the same as consumer accounts, they do, in fact, pose the same risk to the financial institution. As the original post on Krebs’ site points out, why should the…
