Ordinance No 176

Summary

This ordinance establishes best practices for electronic banking, electronic commerce, and other electronic transfers of funds, as required by Arkansas state law. It outlines procedures for secure online banking, including the use of dedicated computers, antivirus software, firewalls, and multi-factor authentication. The ordinance also requires regular monitoring and reconciliation of bank accounts, as well as the implementation of fraud controls and security measures.

Details

Subject

Electronic Banking and Electronic Commerce

Summary

This ordinance establishes best practices for electronic banking, electronic commerce, and other electronic transfers of funds, as required by Arkansas state law. It outlines procedures for secure online banking, including the use of dedicated computers, antivirus software, firewalls, and multi-factor authentication. The ordinance also requires regular monitoring and reconciliation of bank accounts, as well as the implementation of fraud controls and security measures.

Action Type

new

Adoption Date

2021-06-01

Enacting Body

City Council

Ordinance Number

Ord. 176