Kount, released its list of the top five Fraudulebrities, celebrities who have fallen victim to fraud, to remind consumers to be mindful of where fraud lurks and how people can protect themselves.
RDM Corporation, software/hardware product developer for electronic
payment processing, and Electronic Check Services (ECS) have signed
agreements for the reselling of RDM’s Image and Transaction Management
System (ITMS) suite of electronic check conversion software.
Implementing such RDM bank agnostic software as “Simply Deposit,” ECS
will now be able to provide remote deposit capture capabilities to its
customers for electronically deposited checks. RDM Corporation’s bank
agnostic software doesn’t require merchants to change existing bank
relationships and is a provider of software and hardware products for
electronic payment processing while Electronic Check Services was
established in 1997 in Springfield, Missouri and provides Check
Processing, Prepaid Services, Bill Payment, Gift Card and Loyalty
programs to thousands of retail locations Nationwide.
A new survey from PayPal has found that more shoppers are playing it safe this holiday season by buying gift cards, rather than purchasing tailored gifts for their loved ones. About 64% of shoppers said they plan to give gift cards. According to the survey, consumers plan to spend roughly $412 online during the holiday gift giving season, and conduct an average of 40% of their holiday shopping online, compared to 28.9% in 2006.
VISA has released a survey showing that 73% of Americans celebrate “Halloween” and that the average consumer will spend $40 on candy and decorations. Parents with children under 18 will spend $54 on candy and decorations while those without children under 18 will spend $32. Of mention, younger people ($44) say they spend more than those 55 and over ($31). Those who live in rural areas ($49) spend $10 more on average than people living in urban areas ($39) and $13 more than suburbanites ($36).
A new survey shows that only 20% of Americans know that it is legal for employers to refuse to hire job applicants with low credit scores. Fully 52% of Americans mistakenly believe it is illegal for prospective employers to use credit scores as a hiring criteria and another 28% of survey respondents are unsure. The survey from VISA USA also found that 59% of women have checked their credit score than men (51%); adults age 55 and up have checked their score at a far lower rate (43%) than those under 55 (62%); only 22% check their credit score once a year; and a small group of just 18% check their score two or more times each year.
VISA USA has partnered with personal finance expert Jean Chatzky to promote financial literacy nationwide. Chatzky will help develop new financial education curriculum and interactive resources geared toward teachers, students, women and parents. She will also participate in a number of Practical Money Skills for Life and What’s My Score outreach activities. She will also moderate the Financial Literacy and Education Summit being co-sponsored by the Federal Reserve Bank of Chicago and VISA on May 1. This Summit will bring together educators, policymakers, non-profits and private sector leaders to address key issues, such as mandating financial education in schools, and sharing best practices. Jean Chatzky is a regular contributor to “The Oprah Winfrey Show” and to Oprah.com, financial editor for NBC’s “Today Show,” a contributing editor for Money and Travel & Leisure magazines and a columnist for The New York Daily News.
According to results of the inaugural ‘Yahoo!/ACNielsen Internet Confidence Index’, more than four out of 10 U.S.-based Internet users intend to purchase online during the next three months, and will spend an estimated $9.9 billion via the Web during that period of time. Regionally, Internet users in the Northeast exhibit generally higher confidence in e-commerce overall, especially in regard to delivery of goods purchased, price comparison tools and the ability to find better prices online. Internationally, 76% of all British home Internet users recently visited an e-tailing Web site compared to 74% of U.S. home Internet users, according to data gathered by Paris-based NetValue. The Yahoo!/ACNielsen study showed that the main motivators driving online purchasing in the U.S. are the ability to get a wide array of product information, the ability to compare prices, and product selection. Consumers rated comfort with using a credit card online and disclosure of personal information as the biggest barriers, but also revealed that they are relatively confident that the goods they order online will be delivered properly. Convenience does not appear to be a significant motivator to online shopping, and consumers are less confident in their ability to find better prices online. Comparing heavy Internet users (daily use) with light Internet users, overall confidence among heavy users is driven by higher confidence in online credit card use, convenience, availability of information and proper delivery of goods, as well as the ability to compare prices. While men and women indexed similarly in most attributes, men have more confidence that they will find lower prices online. Among previous online purchasers, nearly seven out of 10 people intend to purchase over the next three months. On average, purchasers will spend an estimated $184 each during the same time period. (CF Library 6/25/01)