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The Safe Banking Initiative Financial institutions must adopt new safeguards in 2005
Author
Jim Bruene
Published
Dec. 16, 2004; OBR 113
Pages
20 pages, 7 tables, 6,000 words
Format
PDF
Size
2.1MB
Table of Contents
Click the following icon to download the Table of Contents:
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Abstract: The industry MUST adopt stricter online authentication and monitoring tools or risk a damaging backlash against online banking and payments. To help spur innovation on the security front, we are launching a new effort called the Safe Banking Initiative, or SBI for short. We hope to create an Underwriters Lab (UL) type seal of approval for financial institutions to display on the websites and other marketing material. Our initial 80-point Safe2Bank Online guidelines are included.
Other topics:
Conference report: BAI’s Retail Delivery
Innovations:
- Safe-surfing toolbar from Fraud Eliminator LLC
- True automated teller machines from Source Tech
- Preapproved credit lines from PayPal
Online sales & service: Creating effective email responses that answer questions AND sell the solution
Companies mentioned: American Express, Bank of America, CashEdge, Chase, CheckFree, Deloitte, eBay, E*Trade, Fraud Eliminator LLC, Go Daddy, ING Direct, iPay LLC, Javelin Strategy, MasterCard, Online Resources, PayPal, ShareBuilder, Source Technologies, Visa, Wells Fargo, WildCard Systems, Williams Mills, Yodlee, Zions Bank
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