The risk of fraud is just too high.
Oklahoma Continues Use Of Controversial ERAD Tool for "Highway Robbery" In Civil Asset Forfeiture Cases
Although Oklahoma is the state making headlines in this area, the Institute of Justice graded 31 states at D or lower, with only one state, New Mexico, making above a B+. Everyone concerned with their constitutional rights needs to be concerned with the technology used to destroy them.
By Andrew Lisa, Contributor Survey after survey shows that most Americans have very little money saved for an emergency. That
Usually newer tech means faster tech but that's not the case with EMV. Chip based cards are actually slower than mag based cards because there's a lot more data being transferred back and forth compared to the swipe. Your card, the POS system and your card issuer are having a high tech chat that includes encryption and randomizing your data. More secure, yes. More time consuming? That too.
Angry customers' only recourse may be arbitration.
Keep your credit card information updated. Netflix will thank you forever.
One of the biggest concerns beyond security for users of technologies like Android Pay is whether relying on it completely to make all of your purchases is a wise idea.
If you have a debit or credit card, you've likely noticed that you've recently received a new version of the card that includes a chip. As such, you're probably wondering what this chip is and why your cards need it.
Unfortunately for many business owners, many of them will only be reading and hearing about the importance of EMV in the coming months, as the story gains national coverage - with 20 days to go before the liability shift occurs, many will be left wishing they were better informed, at a much earlier time.
Many consumers prefer not to use credit for their purchases, but you can use your credit cards for purchases and turn around to pay off that purchase with your bank account. Even if you pay it off minutes later, you're purchases and account are still protected.
A large percentage of college kids have not been taught to properly use credit. There are a few reasons for this. It could be that the parents don't understand it completely, so they pass on really bad habits. It could be that they just ignored the conversation at home. Here's why I think giving a college student a credit card is a bad idea.
This is another area where Congress should step up to the plate. Students need to be protected from deceptive marketing. And debit card agreements between companies, colleges and universities should be subject to the same transparency requirements as campus credit cards.
Snapchat has partnered up with Square for a new feature, Snapcash, which allows its users to send and receive money on the app. It's as easy as sending selfies with Snapchat, but how safe is it?
Will that be debit or credit? Think about it, which one do you answer more often? If it’s debit, you might want to think twice.