As the use of electronic data interchange becomes more widespread, banks and clearing houses are starting to take more precautions to protect their information.

A group of 13 large U.S. banks -- including Bank of America, NationsBank, and Mellon Bank -- will become users of such EDI security systems.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.