Court rules bank's security procedures were not commercially reasonable *

USA - July 13 2012
In an important decision last week, the U.S. Court of Appeals for the First Circuit held, as a matter of law, that People's United Bank's online banking security procedures were not commercially reasonable, even though its selected authentication technology fully complied with the Federal Financial Institutions Examination Council (FFIEC) guidelines for Authentication in an Internet Banking Environment.

Co-authors: Michael J. Dunne, Richard D. Harris.