Banking: Verrill Dana Assists Banks with Developing E-Commerce Services

Electronic transactions and services play an increasingly central role in every bank’s strategy for offering valued products to consumers and businesses. The increased use of these services has been matched, however, by increased risks associated with fraudulent or unauthorized activity. For many years, Verrill Dana has advised its banking clients regarding the complex legal landscape in which electronic transactions take place. As part of our services, we have worked with numerous bank clients to ensure that their suites of contracts appropriately allocates risk between the bank and its customers. Internet banking, ACH transactions, remote deposit capture, and electronic statements are just a few of the many types of electronic transactions and services that Verrill Dana has worked on with its clients.