Latest Security - Social Security Topics

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We keep hearing that there will be Know Your Customer regulations "soon." We have been hearing this so long that the question seems to be will it really happen and, if so, when.

The operating expenses of an "Internet Bank" range from 15% to 20% of net operating income, compared with approximately 60% at traditional branches.

The FRB has published a request for comment on the availability of sensitive information about consumers and the ways in which this information can be obtained and used for fraudulent purposes.

There are $400 billion worth of checks each year payable to phone companies, utilities, insurance companies and other regular billers, according to Visa U.S.A., with only 1% of such invoices being

We have once again been advised to warn our customers about telemarketing firms that advertise that they can "fix" bad credit ratings.

A new service offered by IHS Regulatory Products may be worth looking into if you are responsible for keeping up-to-date on the latest in the regulations.

Some information still required on Non-Depositors

The FDIC has planned 10,949 examinations for compliance, trust, electronic data processing for 1994.

There were 11,081 community banks in existence at the end of 1992, compared with 11,552 in 1991.