The new procedures will go into effect in January of 2015 and are meant to make it more difficult for criminals to steal taxpayer identities and hijack their deposits. Currently, an identity thief or unscrupulous accountant could set up an account or obtain a prepaid debit card into which they could funnel multiple tax refunds.
Tag: identity theft
The Crime Of Our Century – Prepaid Card Identity Theft
The current boom in identity theft was predictable, maybe even inevitable. It’s a natural result of
what we might call “identity inflation.
How to Safely Use Your Debit Card
Debit Card Safety Tips How to Keep Your Debit Card Information Out of the Wrong Hands Bank fees, regulations and credit concerns have forced a countless number of people to turn to debit cards to serve every day banking needs. With identity theft, cyber-crimes and other criminal activities on the rise, how can you be… Continue reading How to Safely Use Your Debit Card
Death, Taxes and Lost or Stolen Debit Cards
Sadly, losing or having your debit card stolen is commonplace these days. Here’s what to do if it happens The stories come out with the consistency of quarterly earnings reports. From Barnes & Noble to HSBC Bank to Zappos, thieves eager to get their hands on customer data are consistently, and successfully, targeting large companies.… Continue reading Death, Taxes and Lost or Stolen Debit Cards