New system provides safe e-shopping: CIBC (Canadian Imperial Bank of Commerce)

Article Abstract:

Canadian Imperial Bank of Commerce (CIBC) announced it will be introducing one-time disposable credit card numbers for Internet purchases. The firm said it will become the first credit card issuer in Canada to offer this.

Bank Credit Cards, Credit and debit card industry, Credit card industry

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Big banks roll out personal Web portals

Article Abstract:

Internet start-ups, called "aggregators" or "screen scrapers," sell information gathered from an individual's bank, credit car and investment accounts and consolidated on a single Web page. The banks who buy this information system say the benefits to them and to their customers are obvious while others see the danger to privacy and confidentiality.

United States, On-Line Information Services, Telegraph & other communications, Bsns Videotex Svcs ex Database, Usage, Business, High technology, Online information services, Business information services, Confidential communications, Bank of Nova Scotia (Toronto, Canada), Toronto Dominion Bank, Bank secrecy, Business databases, CashEdge Inc.

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Dylex trustee requests documents

Article Abstract:

Richter and Partners Inc., the trustee of newly bankrupt retailer Dylex Ltd., wants the Bank of Montreal to supply documents explaining the $70 million loan approval for Hardof Wolf Group Inc.'s acquisition of Dylex.

Organizational history, Financial Services, Finance and Insurance, Retail Store Chains, Mergers, acquisitions and divestments, Financial services industry, Retail industry, Retail trade, Chain stores, Dylex Ltd., Hardof Wolf Group Inc., Richter and Partners Inc.

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