12 C.F.R. Subpart A—Authority of Federal Savings Associations To Conduct Electronic Operations
Title 12 - Banks and Banking
(a) General. A Federal savings association (“you”) may use, or participate with others to use, electronic means or facilities to perform any function, or provide any product or service, as part of an authorized activity. Electronic means or facilities include, but are not limited to, automated teller machines, automated loan machines, personal computers, the Internet, the World Wide Web, telephones, and other similar electronic devices. (b) Other. To optimize the use of your resources, you may market and sell, or participate with others to market and sell, electronic capacities and by-products to third-parties, if you acquired or developed these capacities and by-products in good faith as part of providing financial services. If you use electronic means and facilities under this subpart, your management must: (a) Identify, assess, and mitigate potential risks and establish prudent internal controls; and (b) Implement security measures designed to ensure secure operations. Such measures must be adequate to: (1) Prevent unauthorized access to your records and your customers' records; (2) Prevent financial fraud through the use of electronic means or facilities; and (3) Comply with applicable security devices requirements of part 568 of this chapter.
Title 12: Banks and Banking
PART 555—ELECTRONIC OPERATIONS
Subpart A—Authority of Federal Savings Associations To Conduct Electronic Operations
§ 555.200 How may I use or participate with others to use electronic means and facilities?
§ 555.210 What precautions must I take?
