11/20/2006
I am looking for specific regulatory language relating to a bank's liability when accepting and/or paying checks deposited through an ATM and made payable to two parties but signed by only one (or none). Where would I find this and what are the best procedures to handle this?
07/31/2006
Can we issue debit cards to savings account holders? The account will not be a transactional account. We would only allow pinned transactions on these cards.
06/12/2006
Is there any time limit on when a debit card transaction would not be valid if it has not cleared the customer's account? For example, a check is not valid after 6 months.
05/29/2006
How does Check 21 affect the ACH or EFT transaction? Does it allow for posting (debits and/or credits) to accounts on Saturdays, Sundays and Holidays?
05/29/2006
With paper checks converted to electronic checks, how should E-checks requiring two signatures (no longer can verify that two signatures are there) be handled?
05/15/2006
How are transactions from internet banking sites viewed when a money market account is involved? The Reg does not address transfers via internet sites. Are these considered the same as telephone withdrawals?
05/15/2006
We recently had a network assessment completed. The vendor recommended that we do "periodic" background and credit checks on employees who have access to sensitive information. Besides the IT staff, who else would you recommend we include in this "periodic" check and how often should it be done? We thought annually, would be that be sufficient?
04/24/2006
Do internet transfers initiated by our customer qualify as transactions included in the limited number of withdrawals on Reg D accounts?
10/01/2005
- Nearly a third of victims surveyed blamed their compromised IDs on the Internet, where they think their information was exposed to hackers.
08/01/2005
- Due to new technology that catches fraud on the first or second purchase, rather than the fifth or sixth, credit card estimated losses due to fraud are at an all time low of 5¢ of every $100 c