Hack Alert: FBI Warns Banks of “Unlimited” Worldwide ATM Cash-Out Attack
The FBI has warned of an imminent global cash hack at ATM machines. “The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine cash-out scheme in the coming days, likely associated with … Continued
Construction Finance: Time Value of Money & Project Evaluation
In these “Construction Finance” articles, we will analyze the finance of civil engineering and construction management. The first few articles cover mathematics, specifically the time value of money, interest rates, and rate of return. The second set of articles will … Continued
Facebook Wants to See Your Bank Transactions and Balances
Facebook has asked major U.S. banks to give up detailed financial information about their customers, including card transactions and checking account balances, because the social media giant wants to offer its users new services. Seeking to also be a place … Continued
First National Bank Will Stop Issuing NRA Visa Cards
First National Bank of Omaha, the nation’s largest privately-owned bank holding company, has listened to it’s customers and decided to stop issuing their NRA branded Visa card. “Customer feedback has caused us to review our relationship with the NRA. As a … Continued
Rat Eats Up Almost $19,000 in Cash and Dies in ATM
An ATM run by The State Bank of India in the town of Tinsukia in the northeastern state of Assam, had been “out of order” for nearly a month before a technician opened it to see what was wrong. On June … Continued
Can You Cash a Check at Any Bank?
Although many people are moving away from traditional forms of payment, preferring to pay by credit or debit card or even through a PayPal account, check writing is still a popular mechanism people use to pay bills. When an individual … Continued
Bank Refuses to Deposit Wrongfully Convicted Man’s Compensation Check for 23 Years in Prison
After spending 23 years in jail for a murder he didn’t commit, Chase Bank turned Darryl Fulton away 2 separate times when he tried to deposit his compensatory check from the state of Illinois for being wrongfully imprisoned. Chase has … Continued
How to Send Money to Someone Without a Bank Account
How do you send money to a person that has no bank account? Some people either do not want, or cannot have, a bank account. They are the “unbanked”. According to an FDIC survey, 9 million American households are unbanked. … Continued