Archives / 2011 / January
  • Email Phishing Scams Indicators and Best Practices

    Email “phishing” scams utilize fraudulent emails that appear to originate from legitimate financial institutions, transaction processors or other business entities that routinely conduct business with merchants.

    Please review the following indicators and be on guard for scams:

    Look closely at the sender’s email address – the “from” line in these fraudulent emails usually very closely resembles a legitimate address. Close inspection may reveal unusual characters or structure that may help confirm that the email is fraudulent.

    Check email images and graphics – often images and graphics in these fraudulent emails are out of place or incorrect. This results when a fraudulent message attempts to reference an image from a legitimate entity’s … more

  • New Fees a Result of Regulation

    According to The Wall Street Journal, banks are planning to introduce new fees on basic products like debit cards, ATMs and checking accounts in attempt to recoup revenue lost as a result of regulatory changes.

    The Fed has proposed capping debit-card merchant fees, known as interchange. I’ve been concerned about the unintended consequences for small businesses and community banks. The proposed caps on debit Interchange fees will increase the cost of debit cards for consumers and potentially curtail debit card use (resulting in either lower sales volume or use of higher cost card types). On the drawing board are annual debit card fees of $25 or $30 and limits on the number of debit-card transactions that a customer can make each month or limiting the size of a purchase that a … more

by Ty Hardison

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