One of our customer's debit cards was used as an ATM debit by another family member. Evidently, the customer gave the family member the PIN number for it to work, although the customer said they did not give them permission to use the card. What is our liability?
We are considering making loans via the internet. I know CIP and internet security need to be arduous. What other considerations and compliance issues are there?
What are the legal drawbacks for offering debit cards on Business Accounts?
Several of our customer accounts were recently accessed through a fraud scheme where fraudulent debit cards were produced and used to access the accounts. The bank has refunded the customers' money. A recent article on MSNBC implied that banks were not required to refund the money. Can you clarify this issue?
I am Controller at a large financial institution. Under Reg E, if someone claims fraud on a Visa debit card ATM withdrawal transaction does the $50 initial liability provision of Reg E apply or is does Visa's zero liability? Debit card was used as an ATM card.
Is there a regulation regarding the camera in the ATM and how it records a transaction?
Twenty financial institutions and technology companies announced that they have chosen to support the Financial Services Technology Consortium in its work on a method to move forward on securing co
- Due to new technology that catches fraud on the first or second purchase, rather than the fifth or sixth, credit card estimated losses due to fraud are at an all time low of 5¢ of every $100 c
Some consumers believe that the images of checks are not as good as the checks themselves. What are the rules on this for proof of payment or prosecution of forgery?
On July 30, 2002 the Sarbanes-Oxley Act (SOX) was signed into law.