Articles, Information and White Papers

White Paper: Shielding Your Business - Positive Pay Shields Business Checks
from Check Fraud (March 2008)
Check fraud is one of the biggest challenges facing businesses today. As technology evolves, it has increased the ease with which criminals can create realistic counterfeit and fictitious checks, as well as false identification used to defraud businesses and financial institutions. Positive pay prevents check fraud, helps attenuate your liabilities, and assists in maintaining your valuable reputation.
White Paper: A Roadmap, Developing a Cost-Effective Approach to Secure Data Exchange (October 2007)
Next-generation solutions are optimized to provide cost-efficient bank-client data exchange and lead banks in among the winners in the surge of globalization, consolidation, and technology changes that will ensue during the next several years
White Paper: Securing Online Identities, Next-Generation Considerations for Authentication and Client Protection (April 2007)
The 2005 FFIEC Guidance required banks to perform an IT risk assessment and implement a plan to solve any identified risks. However, it did not require implementation of multi-factor authentication or any technology in particular. The non-specific nature of the initial guideline left a great deal to interpretation and may have caused some of the delays in reacting that were seen at many financial institutions.
White Paper:
Securing Data Transmissions For Banking Now and Next Generation (October 2006)
This paper will explore the primary methods of secure data transfer between banks and their corporate clients. Protocols discussed will include TTY, FTP, SFTP, FTPs, HTTPS, as well as secured add-ons like Virtual Private Network (VPN). Also included in the discussion will be the advantages/disadvantages of each Protocol and the security requirements intrinsic to each.
Dawning of a New Era for Business Check Printing Security
As the number of checks being issued continues to decline, the remaining checks are now of higher value and have legal significance. Interestingly, as many companies shrink their check writing departments, facilities and controls, the real requirement for highly secure and efficient check production is growing.
Navigating A New Payments Landscape
Although the exact nature and timing of Check 21's impact on future check fraud remains in question, it is clear that check truncation and check destruction are creating new opportunities for fraud. This paper explores some areas of interest for banks and their corporate clients as they relate to fraud prevention, risk management, and regulatory compliance today.
Federal Reserve Board Plans Study of Check 21 Impact
The Federal Board plans to conduct the survey assessing the impact of Check 21 in order to comply with requirements of the Act, but also to examine the post-Check 21 evolution of the check processing system and to determine whether reducing the hold periods in Regulation CC is necessary.
The Liability Shift Created by the UCC
The Uniform Commercial Code (UCC) that governs financial transactions in all 50 states was modified in the mid-1990s, shifting some liability for check fraud from the banking industry to depositors through the concepts of "ordinary care" and "comparative negligence."
Transporter Technology Ushers in Sunset for Modem Data Exchange
You can stop using multiple data transfer protocols for the exchange and delivery of corporate client files, maximize the value of your investment in the corporate website, improve security and reduce expenses.
Push Applications Make Timely and Relevant Financial Information
Readily Available to Your Corporate Clients
Push applications can automatically search for specific information tailored for the user and deliver it when and where the user chooses.
Considerations in Secure Data and Information Exchange Protocols
Between Banks and Corporations
This article explains the primary methods of secure data transfer between banks and their corporate clients (TTY, FTP, S-HTTP), giving a general description, security requirements and the advantages and disadvantages of each protocol.