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#2102870 - 10/13/16 05:04 PM Mobile app disclosures
Julie C Offline
100 Club
Joined: Nov 2005
Posts: 100
Indiana
We are going to begin offering a mobile app for our online banking customers.

Besides the electronic fund transfer disclosure, what other disclosures need to be updated to reflect this new service?

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eBanking / Technology
#2102915 - 10/13/16 06:54 PM Re: Mobile app disclosures Julie C
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,179
Toano, VA
Regulatory coverage depends on the features of a product or service. "Mobile app" only tells us where it will run--not what it will do. What, exactly, will it do?
_________________________
...gone fishing.

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#2102981 - 10/14/16 01:29 PM Re: Mobile app disclosures Julie C
Julie C Offline
100 Club
Joined: Nov 2005
Posts: 100
Indiana
Customers will be able to transfer funds between their accounts, view their account statement/history, make loan payments for loans at our bank and access their bill pay service with our bank. They can also view their accounts at certain banks (top 25 banks like Chase, PNC, etc.) through the app. They can't transfer funds to another bank or company except through use of bill pay.

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