Send Cash Through an ATM Using New ATMSend Service

Posts with tag banking


Every buy a used hard drive on eBay? If so, did it come with any surprises on-board after you installed it? Imagine how you'd feel if you installed your new (to you) drive and found millions of customer records from various banks! That's exactly what happened to Andrew Chapman from Oxford, England. Chapman bought the used drive for £77 (about $140) and found himself perusing customer records from the Royal Bank of Scotland (RBS), among others.
A new study out of the University of Michigan says that many banking Web sites are poorly designed and put customers' data at risk. Although the sites aren't necessarily full of security holes or exploitable code, researchers say many banking sites encourage bad surfing practices. The problem is that banks often ignore standard security design features that security experts encourage Web surfers to look for.
So you follow your bank's advice to the letter when it comes to ATM security: You don't let someone snoop over your shoulder why you're using it, you don't stand there to count your cash immediately after withdrawal, and, most importantly, you've chosen a PIN that isn't "1234." 
You soon may be able to deposit checks from home just by scanning them into your computer. An online banking service provider called CheckFree is introducing a technology that allows consumers to scan and transmit check images that is similar to what businesses have been using for some time. The system is called Remote Deposit Capture and all a consumer needs is a scanner, computer, and Internet connection to utilize the system.
CheckFree's services are already being used by the top 150 banks in the United States, so it's just a matter of them tailoring the technology to their customers' needs, according the to the company.
To set it up for home use, a bank would integrate the technology into its existing online banking portal. Consumers would log in, enter deposit information, and then scan a check. The image transfer is encrypted to protect your information.
CheckFree claims its technology will help banks cut down on ATM fraud, such as when consumers insert empty envelopes into ATMs after claiming a dollar value for checks or cash inside.
We just like the idea of not having to touch those ATM buttons, which we recently learned are disgusting.
From The Honolulu Advertiser/AP.
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