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#1360913 - 03/19/10 04:42 PM Internet Wire Transfer Agreement
KimD Offline
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Joined: Oct 2009
Posts: 136
Tx
I'm reviewing a new Internet Wire Transfer Agreement that we may start using. We currently only have one customer that would be utilizing this product and he is on the Board. Does anyone have any feedback as to any problems that could occur with doing wires on line, and our customer being on the Board?
Just don't want to overlook any regulation issues.

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eBanking / Technology
#1361373 - 03/20/10 01:05 PM Re: Internet Wire Transfer Agreement [Re: KimD]
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 74,791
Galveston, TX
No issues other than the standard issues with on-line wire transfers. Make sure you have IP address verification set up - there has been a rash of fraud through the use of key-logging.
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#1361470 - 03/22/10 12:48 PM Re: Internet Wire Transfer Agreement [Re: rlcarey]
HappyGilmore Offline
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Joined: Jun 2004
Posts: 19,186
Pulling people out of the ditc...
Read the FFIEC Guidance on multi-factor authentication and make sure you are, at a minimum, meeting those standards.
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#1361846 - 03/22/10 06:38 PM Re: Internet Wire Transfer Agreement [Re: HappyGilmore]
KimD Offline
100 Club
Joined: Oct 2009
Posts: 136
Tx
Thanks for the feedback!

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