FREE Online Banking, Bill Pay, Mobile App & Online Safety and Security Seminar this September 2014

650_X_300_interior_couple_mobile_phoneIn a society of rapidly evolving technology, many financial institutions – including First Financial – now offer new ways to manage your finances, including online banking, bill pay, and smartphone apps.  However, these services will be of little help to you if you don’t know how to use them or what their features and benefits are! The experts at First Financial will show you how to use these services, their main features and benefits, provide you with some online safety tips, as well as online safety and security precautions at our FREE online banking seminar.

At this seminar, you will learn:

  • Step-by-step instructions on how to use our services
  • Main features and benefits of these products
  • Online safety tips to protect yourself

Join us on Tuesday, September 30th at 6:00pm for our free consumer seminar titled, Online Banking, Bill Pay, Mobile App and Online Safety & Security, presented by the professionals at First Financial. The seminar will be held at our Wall Office located at 1800 Route 34 North, Building 3, Suite 302. We invite you to bring a guest but space is limited, so make sure you sign up today!

Register Now!

Important Alert: Card Cracking Scam Targets Students

scamCash-strapped college students are being recruited to participate in a scam
referred to as “card cracking.” Using ATM/debit cards and PINs willingly provided by the students, fraudsters deposit fraudulent checks to the students’ accounts. The funds are subsequently withdrawn by the fraudsters with the students receiving a portion of the funds for their participation.

Details
The “card cracking” scam was reported to originate in Chicago and generally targeted college students who were recruited through social media sites including Facebook, Instagram and YouTube. Participants were even recruited in-person at college campuses. The sales pitch is to allow the fraudster to deposit a check to a student’s account and withdraw the funds for which the student receives half of the proceeds for agreeing to participate. This scam is now being reported nationwide.

Willing participants provide the fraudsters with their ATM/debit cards and PINs. The fraudsters deposit fraudulent checks (stolen or counterfeit checks) to the student accounts via ATMs and subsequently withdraw the funds. Their proposition is simple: If you provide me with access to your account so I can deposit a check and withdraw the money, I will provide you with half of the proceeds.

After initial contact is made, the scammer arranges to meet up with the student to retrieve the debit card and corresponding PIN. The deposit is made, the money is withdrawn and then the fraudulent checks were subsequently returned unpaid and charged back to the students’ accounts. Following the fraudsters’ instructions, the participants report their ATM/debit card as lost or stolen and that the transactions were fraudulent.

The participants may not be entitled to protection under Regulation E (Reg E) for
unauthorized use of their ATM/debit card since they willingly provided their card to the
fraudsters which contains an exclusion to the definition of unauthorized
electronic fund transfer:

Unauthorized electronic fund transfer means an electronic fund transfer from a consumer’s account initiated by a person other than the consumer without actual authority to initiate the transfer, and from which the consumer receives no benefit. The term does not include an electronic fund transfer initiated by a person who was furnished access to the consumer’s account by the consumer, unless the consumer has notified their financial institution that transfers by that person are no longer authorized.

This is a huge risk – especially for students who may have large amounts going through their accounts from loans, scholarships and tuition reimbursements.

“Even though the students might be considered victims, authorities point out that providing their debit cards to someone else is a crime,” the Sun-Times of Chicago says.

There’s an easy solution: Never share your account information, debit card or PIN! 

Here are some other safety tips you should keep in mind:

  • Always verify the identity of the person trying to obtain personal information.
  • Never give personal information to someone over the phone or via email. Personal information includes: Birth dates, social security numbers, maiden names, addresses, bank account numbers, debit/credit card numbers, PIN numbers, etc.
  • Maintain a record of the phone call or solicitation. Write down the phone number that the person is calling from, the time and date they called, the caller’s name, and reported affiliation. If it was online, save a copy of the email conversation or advertisement.
  • If it sounds too good to be true, it probably is.
  • If you believe you may be a victim of fraud call your local police department so authorities can be alerted to the activity. You can also report email or internet scams to the Internet Crime Complaint Center (IC3) by going online to http://www.ic3.gov.

Check out First Financial’s ID Theft Protection products – with our Fully Managed Identity Recovery services, you don’t need to worry. A professional Recovery Advocate will do the work on your behalf, based on a plan that you approve. Should you experience an Identity Theft incident, your Recovery Advocate will stick with you all along the way – and will be there for you until your good name is restoredTo learn more about our ID Theft Protection products, click here and enroll today!*

Click the links to view more information from the original article sources: Yahoo Finance, Explorer News and CUNA Mutual Group.

*Identity Theft insurance underwritten by subsidiaries or affiliates of Chartis Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions, and exclusions of coverage. Coverage may not be available in all jurisdictions.