Security-Online Banking

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Brian Reid
Posts: 3
Joined: Thu Jan 26, 2012 2:48 pm

Security-Online Banking

Post by Brian Reid »

There has been some recent discussion regarding online banking. my question is how we can provide proper safeguards and cross checks when using online banking. Online banking requires only a single computer entry for a transaction to be processed. If we require two signatures for a valid check how can we do anything similar with online banking? What is to prevent a dishonest person from draining the bank accounts? I'm speaking from experience having been pastor of a church that suffered a major embezzlement.

Brian

NeilZ
Posts: 10566
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Security-Online Banking

Post by NeilZ »

Brian Reid wrote:There has been some recent discussion regarding online banking. my question is how we can provide proper safeguards and cross checks when using online banking. Online banking requires only a single computer entry for a transaction to be processed. If we require two signatures for a valid check how can we do anything similar with online banking? What is to prevent a dishonest person from draining the bank accounts? I'm speaking from experience having been pastor of a church that suffered a major embezzlement.

Brian
Powerchurch does not currently have an online banking interface, so this question is moot at this time. As far as allowing users to access online banking, that is something that the church will have to determine. I would check with your bank to see what safeguards they offer on their business acounts.
Neil Zampella

Using PC+ since 1999.

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