Tossing A Staple

September 2010
Bank Technology News;Sep2010, Vol. 23 Issue 9, p1
Trade Publication
The article reports on the prohibition of signature debit payments by Bonneville Bancorp in some U.S. states including California, Florida and Georgia as a way to fight fraud. The new approach will allow customers in those states to use their personal identification numbers (PINs) for any debit transactions thus no signature transactions will be accepted. Ryan Nielsen, vice president at Bonneville, states that the inhibition of the said payment was suggested by its processor First Data Corp.


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