The Office of the Comproller of the Currency (OCC) today issued new guidance to banks on how to respond to incidents of web site spoofing incidents.

The bulletin addresses procedures banks can implement to mitigate the risks to themselves and their customers by detecting and responding to Web- site spoofing. It also identifies the types of information banks can provide to law enforcement authorities to assist in investigating illegal activities.

Ted Griffith reports for the Wilmington, DE News Journal on the potential implications of MBNA's acquisition by Bank of America regarding jobs in Delaware.

The buyout will have a major impact on Delaware's economy and its charitable agencies. Wilmington-based MBNA is the state's largest private employer, with 10,500 Delaware workers, and the credit card company has long been one of the leading donors in the state.

Robin Sidel reports for the Wall St. Journal on the reaction of the Pennsylvania State Employees Credit Union to card data security compromises.

So far, PSECU has replaced more than half of the 7,300 cards. Mr. Smith and his staff have started to calculate the costs of the replacement effort. "This is nothing but pure expense and staff drain to us," he says. He plans to send the bill to CardSystems.

Peralte Paul writes for the Atlanta Journal-Constitution about the implications of the MBNA acquisition for Wachovia and SunTrust, both of whom have card issuance deals with MBNA.

"Those banks sold their credit card businesses to MBNA because MBNA was a non-bank," David Robertson, published of the Nilson Report said.

"Now when you have a bank that competes with you in consumer deposit accounts, it's a very different dynamic."

Business Week looks at credit card fraud associated with online purchases.

Internet fraud is clearly a challenge that e-tailers can't afford to ignore. With fraud rates that are far higher than those of traditional retailers, they will have to put more muscle into their fight than many seem willing to do at the moment.

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