Mr. Woodhill Goesto Washington

April 2010
Bank Technology News;Apr2010, Vol. 23 Issue 4, p11
Trade Publication
The article reports on the move of Jim Woodhill, founder and chairman of security vendor Authentify Inc. to pass a law to defy online banking fraud. It cites the case of Plainscapital Bank v. Hillary Machinery wherein Plainscapital sued Hillary, asking the the court to give a stamp of approval to the bank's security procedures. Woodhill's concern is on fraudalent automated clearing house (ACH) and wire transfers from small business and municipal accounts that must not be ignored by the industry.


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