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Visa account updater
If your bank offers Visa cards, you should know about Visa’s updater service that allows merchants with standing authorizations or stored card information (subscriptions, Amazon, etc.) to obtain updated card number/expiration date info when a new card is issued with or without a change of card number. This discussion provides some background...


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WEEKLY Q & AWeekly Q&A

ECCHO Rule 9
 Between 07/10/2017 and 07/20/201, we received eight fraudulent checks that were transacted through our teller line (we are BOFD). The checks were drawn on ***** Bank (a member of ECCHO). We are not an ECCHO member. All the checks were returned to us in our Fed Letter dated 08/17/2017. We returned them as untimely returns under Reg CC...


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newsletter-SCompliance Action Newsletter

Compliance or Business?
by Lucy Griffin, Esq. We hear complaints about regulatory burden all the time. And it is true that there are a lot of regulations. Are they really all that necessary? It is tempting to say that the business of banking does not need so many regulations. But think, for a moment, why these regulations exist. […]


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