Thread Options
#605842 - 08/28/06 03:50 PM trans. banking & controls-what are yours?
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
In addition to the MFA controls, we are looking at beefing up our controls based on the trans. amt. & type. For example, for bill pay instructions over, say, $5000. we would verify with the customer the legitimacy of the amount before the pmt. is sent. Also, we will not accept wire instructions over the site; we would verify all the info with the customer.

Are you doing anything different and, if so, what controls do you have? Thanks!

Return to Top
eBanking / Technology
#605843 - 08/30/06 01:14 PM Re: trans. banking & controls-what are yours?
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 38,782
Cape Cod
Trees,
You may not receive many responses about security practices in an open public forum.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#605844 - 08/30/06 01:48 PM Re: trans. banking & controls-what are yours?
Trees Offline
Power Poster
Joined: Apr 2005
Posts: 4,013
Thanks John. I'll check with our non-public forum.

Return to Top

Moderated by:  Andy_Z