Nov 19, 2014 | Check Fraud Rights and Remedies
By Mark W. Powers Small businesses continue to suffer large losses due to check fraud. In recent years, check fraud schemes have become increasing sophisticated and the legal environment (at least in some jurisdictions) more uncertain, making it essential that...
Nov 17, 2014 | Payment Processing Traps
By Sean Carter Financial institutions are expected to be responsible and accountable for the operation of their payment processing systems, regardless of whether that function is handled by a third-party vendor. Most third-party vendors limit their accountability to...
Nov 13, 2014 | Modern Compliance Professional
By Edmund A. Greene Today’s banking compliance professional has evolved from the pariah that loan officers and business line managers avoided into an integral part of a financial institution’s leadership. The modern banking compliance professional is...
Nov 5, 2014 | Multichannel Banking Experience
By Graham Clark Today’s consumers demand multiple methods for interacting with banks. Those banks with cutting-edge consumer-facing solutions have gained a competitive advantage in acquisition and retention, while late-adopter banks are struggling to catch up....
Nov 5, 2014 | BNY Bitcoin Update
By Steve Viuker Benjamin M. Lawsky, superintendent of financial services, announced in late July that the New York State Department of Financial Services (DFS) has issued for public comment a proposed “BitLicense” regulatory framework for New York virtual...
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