06/17/2002
I was hoping to get an objective opinion about a security safeguard that I have been hearing a lot about lately - security portals. Several banks in the PA/NY area have invested in them, and have said that the deterrence factor gained by these devices is enormous. I have gone to one bank in particular that has one of these systems installed, and I have to say, they are quite impressive. I was told by the President that some of the models offered by the manufacturer even offer explosive detection. He also said that he was mostly attracted to the portal because of its transparency to the customer. He said that there is currently only one manufacturer that he is aware of that is getting a lot of attention in the banking industry with these patented devices, and I was hoping to get an expert opinion on them before I move forward with a recommendation to a client of mine.
05/20/2002
Isn't it true that we need to have the ID's, Social Security numbers and addresses of the signors on a business account to be compliant with the changes for BSA?
01/07/2002
We all understand the positive impact to our bottom line if more of our customers conduct transactions over the Internet. What must we do to make the Internet more secure and make consumers more comfortable conducting financial transactions and services on the Internet?
12/01/2001
08/06/2001
Is there a list of safe deposit security procedures we are required to take? Are there any federal regulations on this?
02/01/2001
01/15/2001
What is the best way for a bank to disclose their privacy policy if they want to use the 40.13 exception for service providers and joint marketing? Our bank wants to reserve the right to market our products through nonaffiliated third parties if the occasion arises, but we want to avoid having to do "optout" at this point.
01/15/2001
I've heard the term ASP quite a bit recently, but I'm not sure I understand the concept. Could you give me a quick description or explanation?
05/01/1999
If you're traveling for your financial institution, the IRS says the per-mile deduction for business-related motoring is now 32 ½ cents a mile - home to work commute doesn't count.
09/01/1998
As the next step in supermarket banking, the Canadian Imperial Bank of Commerce is installing free standing "pavilions" on the premises of stores.