31 Jul

Try Mobile Payments for a Faster, More Secure Way to Pay

Mobile Payments

Everyone these days has a smartphone, so why not use it to take advantage of the ability to make mobile payments for everything from groceries to online shopping? Not only is making a payment with your smartphone quick, but it will actually cut down on your risk of having your credit card information stolen. Your debit/credit card never has to leave your pocket and the merchant never has access to your information.

Easy to Set Up

Most smartphones come with an application to set up mobile payments, whether it be Apply Pay, Android Pay, Visa Checkout, or Samsung Pay. Add one or more of your debit/credit cards by entering the required information (card number, expiration, etc.) and save it your phone. It takes just about as long to set it up as it takes to make a purchase online, but you only have to do it once!

Better Protection Against Fraud

Each time you use a mobile payment instead of swiping your card, you decrease your chance of falling victim to credit card fraud. The merchant will never see your physical card and your unencrypted credit card information will never enter their system.

By not swiping your card, your risk of falling victim to a skimmer is eliminated as well. It is not uncommon for thieves to attach secondary skimmers to credit card readers and save your information to their machine in addition to the merchant’s device you intended to use. By not swiping your card, you will not have to risk your information being skimmed in this way.

Convenience

With mobile payments from your smartphone, your payment process will be cut down to a fraction of the time it typically takes with a chip card. No fishing through your wallet, swiping, waiting, entering your pin, waiting, then waiting some more as the clerk prints out your receipt. With mobile payments you simply place your phone over the cashier’s receiver and viola! You can grab your things and be on your way.

Have you ever been on your way to the store and realized you forgot your credit card? Or worse, gotten all the way to cash register and realized you won’t be able to pay for your items? With mobile payments, as long as you’ve got your smartphone by your side (and come on, who doesn’t) you will always have a way to pay.

Faster and More Secure

Add your credit and debit cards to your smartphone’s mobile payment app and benefit from both heightened security and enhanced convenience. Your financial information will never leave your hands and your time spent waiting on cash registers just got all but eliminated!

16 Apr

IRS Phishing Schemes and How to Protect Yourself

protect yourself from IRS phishing scams‘Twas the day before April 15th and tax bills were nigh and so the good people of the U.S. let out a collective sigh.

But the story doesn’t end there. Scammers are always trying out new methods to scare and intimidate Mr. and Mrs. Taxpayer. Phishing is a term that developed in the 1990’s where online thieves used a wide net to fish for potential victims. It was commonplace for computer hackers to deliberately misspell words and hence the term “phishing” was coined to describe their scam.

There are many different types of phishing scams and other schemes using the IRS name. We will explain a common telephone scheme in this article. Click here to see the full list from IRS.gov! Read More

19 Nov

4 Ways to Transfer Money Safely

Transfer money safely Cyber crime and financial fraud exist. Unfortunately, as long as money exists, someone is going to try and steal it from you. As a financial institution, we are always trying our best to protect the interests of our members while balancing service convenience. Our recent decision to eliminate open transfers from our service offerings was a difficult one to make. But at the end of the day, our priority is the safety and security of our members and we take that very seriously.

If you are interested in transferring money, here are 4 safe options. If you need help deciding which option is best for your situation, please call (303)458-6660.

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14 Nov

Tips for Using a Credit Card Safely Online

Use a Credit Card Safely for Online ShoppingAs the holiday season approaches, many of our members will be shopping online for gifts. Shopping online can save money and be super convenient for people on the go. But while having its many advantages, online shopping introduces as many potential threats to your financial security. Cyber fraud is big business and there are dangerous individuals online looking to profit off of your misfortune. The trick is to take extra precautions when buying online and be aware of suspicious websites. Please read these tips to help you keep your online transactions safe this holiday season. Read More