Blogs

Why credit unions should not decline Facebook authorizations

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Some credit unions are declining authorization for Facebook payments due to the relatively high number of fraud cases being reported for that merchant category code. But declining these authorizations may have unintended negative consequences on your members. Here’s why.Facebook launched in mid-2015 the ability for its users to send other Facebook users money through the Facebook Messenger app. The source of the money transfer comes from a debit card, and receipt of the money goes to the recipient’s account through his or her debit card (meaning each side of the transactions needs to enroll a debit card with Facebook). As a bonus, iPhone users can add touch ID (fingerprint scan) as an added layer of security. Facebook claims that person-to-person (P2P) payments are wrapped in secure layers and use encrypted connections. Facebook points to its history of processing over 1 million payment transactions per day for game players and advertisers since 2007.While the actual transactions may be secure, Facebook’s P2P is still subject to fraud. Facebook scams have been featured on nightly news. Phishing attacks claiming that someone has sent money, and to click here to get your cash, have been documented by KnowBe4.com, an employee Security Awareness Training program. Account takeover is another threat, according to RSA Security, since Facebook and Messenger use the same login, leaving fraudsters who gain access to a Facebook page the ability to gain access to an enrolled debit card and drain the victim’s bank account (up to the daily limit). An even more nefarious fraud scam involves using Facebook to set up brand-new accounts, connect them to stolen debit cards, and then transfer the money. continue reading »last_img read more

Two Arrested from Oil-Spill Cleanup Ship in Greece

first_imgThe captain and 1st engineer of a vessel involved in oil-spill cleanup efforts in Greece have been arrested on fuel smuggling charges, Greek Merchant Ministry said.Namely, the Lassea vessel has been contracted to help clean the oil that spilled following the sinking of the oil tanker Agia Zoni II off the Port of Piraeus on September 10. The vessel had 2,200 tons of fuel oil and 370 tons of marine gas oil on board.The duo was arrested after significant quantities of fuel were found and seized from the vessel without proper documentation.The Piraeus Port Authority, which is in charge of the preliminary investigation, seized the vessel while the arrested are to be brought before the Prosecutor of Piraeus, the ministry said.The oil spill recovery efforts have been vehemently criticized as inadequate and delayed, with opposition parties asking for a resignation from the country’s Shipping Minister Panagiotis Kouroumplis.The minister refuted the allegations, saying that immediate mobilization of relevant assets was made to curb the spill.With regard to safety threats posed by the 1972-built Agia Zoni II, the minister said that the ship, according to the owner, passed all security checks before the incident.It is estimated that the oil recovery efforts might last for another month.World Maritime News Stafflast_img read more

Ramdhani wins Remembrance Day

first_imgOpen Badminton tournament in CanadaGUYANA’s Narayan Ramdhani lifted the U-23 Men’s Singles title at this year’s VRC Remembrance Day Open Badminton Tournament in Vancouver, Canada, which was played at the Vancouver Racquets Club over the weekend.To win the Championship, Ramdhani, playing out of ShuttleSport and seeded No.1 in the Tournament, first defeated Zijian (John) Zhang 21-15, 21-7. He then went on to play and beat the No. 2 Seeded player,Jarin Allan Davison of North Central Badminton Academy, 25-23, 21-7.The Guyana Badminton Association (GBA), in a release, said that they were very pleased with Ramdhani’s great achievement in just over one year in Scholarship Programme at ShuttleSport Badminton Academy.“We do hope he will get the necessary support from the relevant sport authorities, as he is definitely a strong candidate to make the Olympics one Day with his continuous upwards achievements throughout the years,” the GBA said.The 19-year-old now hopes to attend the 2017 Yonex K&D Graphics International Challenge in Orange County, California, USA from December 19-22.last_img read more

Newcastle 1-2 Arsenal: Relentless Magpies downed by Giroud double

first_imgOlivier Giroud scored two goals in four minutes as Arsenal beat Newcastle to continue their pursuit of second-placed Manchester City.After City beat West Brom, the Gunners kept a point behind their rivals with a sixth successive win but they hung on as Newcastle improved after half-time.Giroud poked in from Santi Cazorla’s free-kick before heading in a corner.Moussa Sissoko’s finish sparked a response but Arsenal held on after David Ospina saved Remy Cabella’s shot.Key notes:* Arsenal hold on for sixth consecutive league win* Gunners remain one point behind Man City* Olivier Giroud scores ninth goal in nine games* Newcastle 10 points above relegation zone –last_img read more