E statements and consent

Posted By: SusyG

E statements and consent - 04/25/08 06:59 PM

We have been offering estatements for several years now, but would like to increase the adoption rate. I have been asked if the customer can enroll while in the bank using a dedicated computer. Does this meet the demonstrable consent even though it may not be a computer that they would actually be using to open their statements?
Posted By: John Burnett

Re: E statements and consent - 04/25/08 09:52 PM

I'm sorry, but that doesn't meet the test. The customer can't demonstrate that he or she can access estatements at his/her home or work computer. Remember, it's two words: demonstrable consent. You have the consent, but it demonstrates nothing.