Latest Security - IT Topics

How about this for a sales pitch?

Bill Wipprecht, Security Officer of Wells Fargo Bank in California, in his session at the B.A.I.

QUOTES OVERHEARD at the Bank Administration Institute's Security and Compliance Conference in Orlando

A bank in western United States decided to conduct a one week test on charging $1 for each ATM transaction for non-account holders.

PART 216 - SECURITY PROCEDURES

AUTHORITY: 12 U.S.C. Section Section 1881 - 1884

Section 216.1 Authority, purpose, and scope.

As you can see from this issue, we are becoming actively involved in the certification process for security, compliance, and trust officers in financial institutions.

Question: We have had an overdraft on a customer's account for over three months.

Question: We have a customer who deposits numerous checks each day who wants to do their own encoding. What is our liability if we allow them to do that?

Question: We honor credit cards for cash advances. When a non-customer comes in for a cash advance, is it OK to ask for their address and telephone number?

Question: We are having a few problems with the Bank Secrecy and Money Laundering rules. Can you please describe the situations where multiple transactions apply?