5 Tips to Help Banks Implement E-Payments Security

A list of best practices released by NACHA can help banks secure their electronic payments.
September 07, 2012

1. Risk Assessments


The FFIEC recommends that banks update their risk assessment processes at least every 12 months and factor in changes to the threat environment, customer adoption and any incidents of fraud attacks when making changes to its assessments. But NACHA suggests more frequent reviews and updates.

Some of the environmental changes that NACHA says should trigger additional risk assessments include changes in the customer base that uses electronic transactions and the introduction of new electronic funds transfer services. NACHA also suggests that banks review any attempted security breaches to help determine fraud patterns and correct any problems.

Bank Systems & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Bank Systems & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Bank Systems & Technology further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
 
< Previous1 2 3 4 5 6 7 Next > 

< Previous1 2 3 4 5 6 7 Next >