ATLANTA - (05/18/06) A new study of onlinetransaction found that 90% of all unauthorized access to sensitiveinformation, like credit or debit card PINs, is being conductedthrough non-electronic channels, such as a lost or stolen wallet.The study, conducted by CheckFree, Visa USA and Wells Fargo,recommends that consumers replace paper invoices, statements andchecks, which can be stolen from unsecured locations, such asmailboxes, with electronic versions in order to help preventidentity theft. The study also recommends that consumers monitorbank and credit union account activity through the phone, ATM orInternet to detect potentially fraudulent activity more quicklythan through paper statements. The survey was conducted in Decemberamong 2,230 consumers 18 years of age and older by the MarketingWorkshop and Harris Interactive.
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Execs say other banks are still more of a rival for deposits than the digital currency.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12