Tag: electronic banking

  • Windows XP and Electronic Banking

    The FFIEC has previously issued a statement on Windows XP and the regulatory expectations for both financial institutions and TSP’s beyond April 8th, but so far the regulators have not weighed in on the implications to e-banking and RDC customers.  According to some estimates, as many as 30-40% of your business customers may still be…

  • FDIC offers “Insight” on Mobile Banking

    Although not considered official supervisory guidance, the most recent FDIC Supervisory Insights newsletter offers an instructive early look into how the agency might examine this emerging electronic banking delivery method in the future.  (Before you tune out and decide to wait for the formal guidance, remember it was the Winter 2009 issue that first introduced…

  • Online Transactions – Defining “Normal”

    I’ve gotten several inquiries about this since I last posted so I thought I’d better address it.  The new FFIEC authentication guidance requires you to conduct periodic risk assessments, and to apply layered controls appropriate to the level of risk.  Transactions like ACH origination and interbank transfers involve a generally higher level of risk to…

  • Risk Assessing Internet Banking – Two Different Approaches

    One of the big “must do” take-aways from the updated FFIEC Authentication Guidance was the requirement for all institutions to conduct risk assessments.  Not just prior to implementing electronic banking services, but periodically throughout the relationship if certain factors change, such as: changes in the internal and external threat environment, including those discussed in the…

  • Interpreting The New FFIEC Authentication Guidance – 5 Steps to Compliance

    We’ve all now had a couple of weeks to digest the new guidance, and what has emerged is a clearer understanding of what the guidance requires…and what it doesn’t.  But before we can begin to formulate the specific compliance requirements, we have to interpret what the guidance is actually saying…and what it isn’t.  And along…