Compromise Data Breach FFIEC 
PYMNTS
SEPTEMBER 20, 2018
The iPay ESM tool helps those institutions fight fraud while maintaining compliance with the Federal Financial Institutions Examination Council (FFIEC), the firm said. According to ProfitStars, more than 2,500 community and regional banks offer online bill payment to their retail and small business clients through iPay Solutions.
PYMNTS
FEBRUARY 10, 2017
While they can’t be used to create a chip-based card, they allow enough data to be passed to create dummy magnetic cards that can then be used to perpetrate fraud. One of the Federal Financial Institutions Examination Council’s (FFIEC) recommendations to help prevent account takeover is to use out-of-band verification for transactions.
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