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Fed economists suggest a centralized independent public entity to create e-payments security standards

  • Davis Wright Tremaine LLP
  • -
  • USA
  • -
  • January 31 2012

With the growth of e-commerce and m-commerce, remote payments fraud has grown in response

Court of Appeals ruling may broaden bank liability for unauthorized internet funds transfers

  • Davis Wright Tremaine LLP
  • -
  • USA
  • -
  • July 16 2012

On July 3, the U.S. Court of Appeals for the First Circuit overturned a district court ruling and allowed a lawsuit by Patco Construction Co. (“Patco”) to proceed against Peoples United Bank (the “Bank”) over $345,000 that was stolen from Patco’s bank accounts through internet fraud in 2009