FBI Warns: Use a Separate Machine for Online Banking

Wow, what a great headline!  Talk about getting that last punch in before the bell sounds.  I didn't expect to hear this news until 2010.  But we got it in while 2009 is still around.  Cool.  The fact that the FBI and the American Bankers Association effectively admitted the need for a separate/dedicated piece of hardware for online banking is wonderful news!  Believe me when I tell you that this is the most...
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Posted by John B. Frank Thursday, December 31, 2009 0 comments

U.S. Merchants Lose $191 Billion to Fraud - Lexis Nexus

Retailers are bearing the brunt: New report suggests what they can do to fight backJanuary 2010 By M.V. Greene - STORES.orgU.S. merchants are taking some hard punches from retail fraud. In 2008, they incurred losses of $191 billion industry-wide from identify theft, stolen merchandise and lost interest and fees associated with chargebacks, according to a report from LexisNexis Risk Solutions.Addressing the problem requires aggressive action...
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Posted by John B. Frank 0 comments

Businesses Truly Have Full Liability on Debit Fraud

"Everybody assumes they're protected," said Ric Base, chamberexecutive director. "But the protection is for the consumer, not thecorporation."In the last post I mentioned that many banks have adopted a zero-liability policy for PIN Debit, Signature Debit and CNP  transactions.  Not so if you are a business.  Here's a snippet from story written by Laura Ruane published in Tallahassee's Business Matters regarding the Sanibel-Captiva...
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Posted by John B. Frank 0 comments

Most Debit Cards Now Have Zero Liability

In an article published at CreditCards.com, they talk about the shift to Zero-Liability for PIN, Signature and CNP Debit purchases.  Debit surpassed credit usage and now, in an attempt to provide "equal footing" many banks now offer ZL for debit cards as well.  This is a necessary step if banks want to see continued growth with debit card usage, especially online.  Here's their story, published last month:Debit card users...
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Posted by John B. Frank 0 comments

Online Shoppers More Satisfied Than Ever Before

Customer Satisfaction with E-Retail Rebounds, Sets New High for Online Holiday Shopping Amazon Raises the Bar; Macys.com, Gap.com, Overstock.com Most Improved, According to ForeSee Results ANN ARBOR, Mich.--(BUSINESS WIRE)--Customers of the largest online retailers are more satisfied than ever according to ForeSee Results’ annual report on holiday shoppers. The ForeSee Results E-Retail...
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Posted by John B. Frank 0 comments

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Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers