12 U.S.C. 1462a, 1463, 1464, 5412(b)(2)(B).
76 FR 49024, Aug. 9, 2011, unless otherwise noted.
§ 155.100 What does this part do?
This part describes how a Federal savings association may provide products and services through electronic means and facilities.
§ 155.200 How may I use or participate with others to use electronic means and facilities?
(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.
§ 155.210 What precautions must I take?
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 168 of this chapter.
§ 155.300 Must I inform the OCC before I use electronic means or facilities?
(a) General. You are not required to inform the OCC before you use electronic means or facilities, except as provided in paragraphs (b) and (c) of this section. However, you are encouraged to consult with the OCC before you engage in any activities using electronic means or facilities.
(b) Activities requiring advance notice. You must file a written notice as described in §155.310 before you establish a transactional web site. A transactional web site is an Internet site that enables users to conduct financial transactions such as accessing an account, obtaining an account balance, transferring funds, processing bill payments, opening an account, applying for or obtaining a loan, or purchasing other authorized products or services.
(c) Other procedures. If the OCC informs you of any supervisory or compliance concerns that may affect your use of electronic means or facilities, you must follow any procedures it imposes in writing.
§ 155.310 How do I notify the OCC?
You must file a written notice with your OCC supervisory office at least 30 days before you establish a transactional Web site. The notice must do three things:
(a) Describe the transactional web site.
(b) Indicate the date the transactional web site will become operational.
(c) List a contact familiar with the deployment, operation, and security of the transactional web site.