BUS2 531 Lecture Notes - Lecture 15: Software Verification, Knowledge-Based Authentication, Retinal Scan
Document Summary
Mid-term 2 will be released between 2-5 pm today. Deal with contracts between banks and customers. When the business banking agreements were first drafted, there was no other ways to have access to your account than go to the banks yourself. Today, most people have access to their accounts without going to the banks: use of equipment"s to give instructions to banks, not limited to instructions by paper form. The amount of fraud that comes with online access is still staggering still a big problem. Patco construction v peoples" united bank (us case) 2009. The construction company had never used electronic baking access before. They signed an electronic banking agreement with the bank. Before the company used to receive and pay cheques. Ocean banks hired a consultant many verification technologies to ensure security (p. 8: read these options, the bank chose what was available to them at that time.
