Because businesses frequently have more account transactions, with higher dollar values, the FFIEC recognizes these as riskier transactions, and has identified a steep rise in online account takeovers and
unauthorized online fund
transfers related to business accounts in the last five years.
Credit Card, Fund
Transfer card, Forgery and Counterfeit Money (Increased Limits): This coverage provides increased limits for the legal obligation of an insured to pay because of the theft or unauthorized use of credit cards or electronic funds transfer cards, loss to an insured caused by forgery or alternation of their check and loss through acceptance of counterfei
Transfer card, Forgery and Counterfeit Money (Increased Limits): This coverage provides increased limits for the legal obligation of an insured to pay
because of the theft or
unauthorized use of credit cards or electronic funds
transfer cards, loss to an insured caused by forgery or alternation of their check and loss through acceptance of counterfei
transfer cards, loss to an insured caused by forgery or alternation of their check and loss through acceptance of counterfeit money.