If someone asked, "How much money do you have in your account?” would you know the answer – down to the penny? Do you rely on an ATM receipt for your latest balance information or your monthly statement for transaction history?
In this era of technological advances, you can access account information from your phone, electronic tablet or computer. The problem? Hackers can as well. By simply opening an e-mail, you can inadvertently download an insidious ... [More]
It wasn't that long ago when the only way to deposit, transfer or withdraw money was to physically visit your local bank branch or ATM. Today, thanks to the wonderful world of technology, consumers have a full suite of options to choose from when conducting their financial transactions.With online and mobile banking on the rise, it's only natural that security be on the minds of both financial institutions and customers.So what's the deal? Is mobile banking a secure way to bank? In sort - yes. 1... [More]
Check fraud has many ugly faces.
Check fraud does not discriminate. It doesn’t care if you’re a person or a business, wealthy or not, the customer or the Bank. Check fraud and those committing check fraud look for ways to deceive, manipulate, alter and perpetrate. Simply put, a way, any way, to illegally acquire, nay steal, funds that do not exist within an account balance or account holder’s legal ownership.
Want some stats? Of course you do.
According to FinanceNook, in one... [More]