Customer Information File

(redirected from Customer Information Files)

Customer Information File

A file a bank keeps on each of its account holders and other clients. It contains information on account balances, outstanding loans, assets and so forth. It is updated frequently to ensure correct information.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
The ARRG, he explained, highlights the importance of the covered person's compliance officer having access to all customer information files and transactions through the electronic or manual customer monitoring system.
ReligionCode is available to code customer information files, direct marketing lists and as a geographically- referenced population database from neighborhood to metro market and county levels of geography.
Alternatively, companies can agree to use a central database to periodically refresh their own customer information files, perhaps replacing outdated postal addresses.
Marketing customer information files (MCIF) and customer relationship management (CRM) system are changing Staying on top of these modifications and keeping employees knowledgeable about them is one of the biggest technological challenges banks face today.
Doug Curling, president of ChoicePoint and Kurt Sanford, CEO of LexisNexis, testified that not only had there been security breaches in the computerized customer information files, but that they did not immediately report those breaches to victims.
[14] In the case of one company, a security breach allowed anyone to view thousands of private customer information files that revealed names, addresses, and other personal information, without restriction.
In addition, computer systems housing customer information files must be secure from intrusion, with software to identify attempted or successful intrusions.
Through their processors, member banks can also access TCB's Customer Information Files system stored on a mainframe at corporate headquarters.

Full browser ?