Revised edition of: Electronic banking and security. 1994.

Includes index.

Print version record.

This edition takes into account the very latest advances in electronic banking and treasury security. The electronic transmission of funds from companies to banks means that companies are responsible for high levels of risk previously covered by the bank's own security systems. This book is the definitive source of advice for all finance professionals. Electronic banking and treasury security covers everything from the systems themselves to the new documentation and includes contributions from leading figures in the banking, treasury and computing communities. This book is invaluable to corporate treasurers, finance directors, bankers and the financial advisory community.

Front Cover; Electronic Banking and Treasury Security; Copyright Page; Table of Contents; Foreword; NatWest Electronic Services; Contributors; Acknowledgements; Part 1:Electronic banking; Chapter 1. Electronic banking: background and history; The first steps; The search for efficiency; Improving clearing systems; Progress from technical developments; Weaknesses are uncovered; Recent times; Chapter 2. The function of APACS; History and background; The fundamental role of APACS; APACS structur; Clearing companies; Future developments in APACS.

Future developments in payment systems and information systemsCHAPS; Security; Settlement risk; Chapter 3. Global cash management and security; Definition and evolution; Principal cash management components; Issues to consider when establishing a global cash management structure; Potential cash management risks and security principles; Corporate security requirements and measures; Banking security requirements and measures; Additional measures; Other considerations; Conclusions; Chapter 4. BACS: practical control issues; BACS and the euro; BACS and year 2000 (Y2K) compliance; BACSTEL.

File authenticationControl point; Vahdation; Preparation of media; Beneficiaries' bank details; Transaction limit; Input report; Audit reports; Mandate; Controls checklist; Chapter 5. Electronic banking documentation; Negotiating with the bank; Specific points of concern; Electronic Data Interchange (EDI); Agreements by subsidiaries or associates; Electronic Funds Transfer Act 1978 (USA); Computer Misuse Act 1990 (UK); Electronic banking documentation checklist; Conclusion; Chapter 6. Funds transfer laws; UCC4A funds transfer law; The impact of UCC4A on US-based companies.

The impact of UCC4A on companies based outside the USUNCITRAL model law on international credit transfers; The EC cross-border payment directive; Part 2: Treasury and systems security; Chapter 7. Managing treasury security; Planning and organizational framework; Authorization procedures; Segregation of duties; Access control techniques; Dealing controls; Accurate recording; Settlement procedures; Prompt reconciliation; Independent valuation; Timely management monitoring; Treasury security checklist; Chapter 8. Security and control of treasury systems; Definition; Description.

Early treasury systemsBasic security considerations; Security and access; Password abuse; Audit trail; Back-up and recovery; System upgrades; Documentation; The unthinkable; In-house systems; Security and audit checklist; Chapter 9. Security on the Internet; Introduction; Internet/Worid Wide Web (WWW); Intranets and extranets; Firewalls; Cryptography; Symmetric encryption (secret keys); Asymmetric encryption (public/private key pairs); Message authentication codes (MACs); Trusted third parties and certification; Challenge and response; Secure Electronic Transaction (SET) Protocol; Summary.

Elsevier ScienceDirect All Books