Yesterday, Maryland became the first state to pass legislation banning employers from asking employees or job applicants to provide their passwords to social media sites. The legislation also prohibits employers from taking, or threatening to take, disciplinary action on employees or applicants who refuse to disclose such information. The bill now has to be signed
April 2012
Fiserv Releases White Paper on Multi-Channel Banking
By Mike Nonaka
On April 4, 2012, Fiserv, one of the largest payment processing service providers for the banking industry, released a white paper analyzing the current state of multi-channel banking, which is a consumer’s use of more than one channel to conduct banking activities. The white paper, titled “Snacking, Lunching and Fine Dining: How Mobile is Reshaping…
Mobile Advertising Self-Regulatory Groups Work To Address Privacy Concerns
In the face of calls by the FTC for improved mobile privacy protections, as well as interest by members of Congress, mobile advertising companies are actively working on privacy initiatives. Yesterday, a group of companies in the mobile advertising industry announced that they are working to create an industry standard for anonymous mobile device identification. …
Federal Reserve Official Testifies Before Congress on Mobile Financial Services
By Mike Nonaka
On March 29, 2012, Director of the Federal Reserve’s Division of Consumer and Community Affairs Sandra Braunstein testified before the Senate Banking Committee on consumers’ use of mobile financial services. Ms. Braunstein distinguished between “mobile banking,” which is a consumer’s use of a mobile device to interact with a financial institution, including checking balances and…