Technology

FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts

Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities and duties, according to a report issued today by the FDIC’s independent inspector general.

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DOJ Releases ADA Website Accessibility Tools

The Department of Justice recently published an “ADA Best Practices Tool Kit,” which includes website accessibility guidance and a checklist that can be used to verify compliance with the Americans with Disabilities Act.

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Fed Issues Update on Faster Payments Project

The Federal Reserve today released a status update on its “faster payments” initiative, reporting progress on five key strategies: stakeholder engagement, faster payments, payment security, payment efficiency and enhanced Fed services.

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ABA Releases New Infographic on EMV Transition

To help bankers educate lawmakers, customers and the public about the growing security benefits of the switch to EMV chip technology in cards, ABA is today releasing a new infographic showing that consumers are “unquestionably safer” than before EMV’s widespread adoption.

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