05/12/2003
E-Checks Triple; Financial EDI Up 27 Percent
04/21/2003
We are receiving more and more e-checks, drafts that come through without a customer's signature. currently, we have been contacting the customer to get their approval to pay the check, but long range this is impracticable. What do you suggest we have in place to allow for these transactions to be processed without manual intervention?
01/06/2003
I have read and perused literally "tons" of info obtained from the Net regarding e-banking activities, including viewing the sites of the OCC, FRB, and FDIC for e-banking exam procedures.....I guess I want a distinction regarding when conducting an e-banking audit, does this include a comprehensive review of all e-banking areas (wire transfer, ACH, internet banking, telephone banking, etc.) or separate audits of these areas? If separate, then would an e-banking audit solely be a review of the controls?
01/06/2003
I have read and perused literally "tons" of info obtained from the Net regarding e-banking activities, including viewing the sites of the OCC, FRB, and FDIC for e-banking exam procedures.....I guess I want a distinction regarding when conducting an e-banking audit, does this include a comprehensive review of all e-banking areas (wire transfer, ACH, internet banking, telephone banking, etc.) or separate audits of these areas? If separate, then would an e-banking audit solely be a review of the controls?
12/16/2002
Consumer Marketing Guide Published to Assist Billers
10/14/2002
Business Case Estimates New Banking Industry Revenue of $1 Billion in 5th Year from Internet Payment and Authentication Services
07/15/2002
For all the ACH information out there, I've yet to find a answer to how exactly the ACH network is run, and who pays for it. Is this federally funded? Does it cost to use, or are these charges just imposed by banks and brokers to customers of their systems? What is involved in becoming a ACH broker for businesses and consumers?
05/27/2002
05/06/2002
I have a question regarding how far does a customer's authorization go? Our bank is experiencing several charges, identified as POS, from an Internet service provider for customer accounts, which at the time of the charges, were closed with zero balances. The bank sends the network a balance file every night to The Midwest Money Access Services (MAC). When customer account balances are zero or the account is closed, how could the charges continue to be charged to the bank? When we talk with MAC representatives, they say that the service provider has the authority toinitiate the charge based on the prior customer authorization. They say this situation is like a recurring loan payment.
03/18/2002
New NACHA Operating Rules, known as the Accounts Receivable (ARC) application, became effective on March 15, 2002 allowing checks delivered to remittance and lockbox locations to be converted into