ABA Facilitates Mobile Alerts by Wireless Carrier

ABA recently worked with Verizon Communications, Inc. to ensure that banks would be able to send data breach notifications, suspicious activity alerts, and other time-sensitive messages to their customers over Verizon’s network, without the bank having first to obtain the prior express consent of the customer. In July, the Federal Communications Commission released an order that granted four petitions made ...

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Nine State Attorneys General Push for PIN Technology

A small group of state attorneys general sent a letter to the executives of major card companies on Monday urging them to implement chip-and-PIN technology in credit and debit cards, arguing that it would offer greater protection from fraud. However, the letter — signed by nine AGs — acknowledges that a PIN-based system could not have prevented all recent data ...

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ABA Launches Grassroots Text Alerts

At ABA's Annual Convention yesterday, incoming ABA President and CEO Rob Nichols unveiled ABA's new grassroots text alerts, which allow ABA members to get updates and action opportunities on regulatory relief directly on their mobile phones.

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