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Tag Archives: ACH transactions

“Reasonable” security does not necessarily equal “best” security – even if ACH fraud involved

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Written by Stu Eaton Bank Info Security reports that a magistrate for the U.S. District Court  in Maine  issued an Order that further defines what constitutes “reasonable” security practices.  The Order, which must be approved by the judge, recommends dismissal of a complaint filed by PATCO Construction Company against Ocean Bank regarding more than $500,000… Continue Reading