TITLE

Cleveland City Council calls for state probe into cause behind wayward wire transfer

AUTHOR(S)
Barr, Aaron
PUB. DATE
October 1997
SOURCE
Bond Buyer;10/17/97, Vol. 322 Issue 30254, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Cleveland City Council has asked Ohio state auditor Jim Petro to review the city's wire transfer procedures after the city mistakenly sent more than $617,000 to nonprofit groups. Funds as payment for a power bill; Discovery of the error after the nonprofits partial use of the money; Other cases of misappropriated funds.
ACCESSION #
9710275636

 

Related Articles

  • Lack Of Efficient System For Electronic Bill Presentment Seen As Hurdle. Wade, Will // Credit Union Journal;6/23/2003, Vol. 7 Issue 25, p19 

    Discusses the growth of demand for bill payment systems in the U.S. Improvement of online presentment; Payment of bills at the website of billing company or bank; Interest of customers in online stations with bill pay services.

  • A big win for the card associations, but more challenges ahead. Kutler, Jeffrey // American Banker;9/16/96 Supplement, Vol. 161 Issue 177, p12A 

    Focuses on Secure Electronic Transactions, the Internet payment protocol. Vulnerabilities in the Internet; Commercial and monetary activity; Encryption issues.

  • Interagency electronic payments task force outlines its goals. de Senerpont Domis, Olaf // American Banker;3/19/97, Vol. 162 Issue 53, p2 

    Cites the three goals of the US Consumer Electronic Payments Task Force, formed to study how electronic money will affect consumers. Mission statement adopted by the task force.

  • Plus, Internet presidents elected to the board of funds transfer group. Kutler, Jeffrey // American Banker;2/21/95, Vol. 160 Issue 34, p22 

    No abstract available.

  • Federal government paying bills electronically.  // Business Credit;Feb97, Vol. 99 Issue 2, p66 

    Reports that First Bank System, Mellon bank and Visa, have collaborated to assist the United States federal government to pay its bills electronically with Visa ePay. How the payment system works; Use of Visa ePay by the General Services Administration.

  • Digital cash. Shandle, Jack // Electronic Design;10/25/94, Vol. 42 Issue 22, p16 

    Editorial. Focuses on electronic financial transactions. Concerns over security and anonymity; Technologies designed to provide security.

  • U.S. treasury department to conduct trial on electronic checks.  // Business Journal Serving Fresno & the Central San Joaquin Valley;10/13/97, Issue 322211, p24 

    Reports on the plans of the Department of Treasury's Financial Management Service to conduct a market trial of the Financial Services Technology Consortium's Electronic Check technology beginning in late 1997. Features of the electronic payment instrument; Security concerns about electronic...

  • Creating an Integrated Payment System: The evolution of . . . Gilbert, Adam M.; Hunt, Dara // Economic Policy Review (19320426);Jul97, Vol. 3 Issue 2, p1 

    Traces the evolution of Federal Reserve Wire Transfer (Fedwire), an electronic funds and securities transfer system in Europe. Origins of the Fedwire system; Strategies for consolidating the system; Benefits of consolidation; Lessons learned from the Federal Reserve's experience with Fedwire. ...

  • Is your wire transfer system secure? Champlain, Jack J. // Internal Auditor;Jun95, Vol. 52 Issue 3, p56 

    Discusses how wire transfer systems present a risk to financial institutions (FIs). Cost of wire transfers for FIs; Outgoing wire transfers; Steps in creating an outgoing wire; Incoming wires; Typical wire transfer system access controls.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics