Posts Tagged ‘Protection’
More Fraud Protection Needed on eBay
More Fraud Protection Needed on eBay
(PRWEB) February 27, 2006
Strictly embargoed until Saturday 25 February 2006 at 00:01 hrs
Martin Chapman 020 7770 7373
eBay: buyer beware
eBay should be more proactive in the fight against fraud, says Computing Which?
eBay-related fraud is occurring at an alarming rate. About 130 crimes* citing eBay are reported in London every month to the Metropolitan Police. This level of crime is thought to be mirrored across the UK.
eBay does take measures to protect its customers. For example, all auction pages contain a Safety Centre link. But finding the tiny text link at the foot of the page is “like looking for a needle in a haystack”, according to one researcher.
Police welcome eBay’s anti-fraud measures, such as secure payment service PayPal.** But these measures can only go so far and educating people on the dangers of eBay is equally important. Winning an auction might feel like a victory, but the prize is a chance to buy unseen goods from a total stranger.
And the risk of fraud is increasing; according to the police, criminals are turning away from activities such as drugs and robbery in favour of high-volume, low-risk crime such as that found on eBay.
Detective Chief Inspector Stuart Dark of the Met is working with eBay in the fight against fraud and encouraging them to be proactive, rather than just reacting to illegal or fraudulent transactions after the event.
Jessica Ross, editor, Computing Which?, says:
“Many people see eBay as a bit of fun, like Friends Reunited, and no one’s denying that it’s quick and easy to use. But there’s plenty of opportunity for criminals to cash in too.
“eBay needs to educate people about the dangers of using the site. This 21st century car boot sale attracts more than a few dodgy characters and gangs can ‘earn’ huge amounts defrauding everyday eBayers.”
Computing Which? calls on eBay to:
Be proactive in identifying illegal or counterfeit items for sale on its site
Warn customers about the dangers of fraud
Stop the unlicensed selling of medical products such as contact lenses
Make the Safety Centre prominent on auction pages
There is more information about this story at Which? News http://www.which.co.uk/news/computersandinternet/06/feb/ebay-fraudreport.html
Ends –
Notes to editors
*129 crimes specifically mentioning eBay were reported in London to the Metropolitan Police’s economic crime unit Sterling every month in the 18 months til October 2005.
**PayPal is much safer than money transfers. The service, owned by eBay, allows customers to send and receive money online without giving bank account or credit card details to strangers.
The full article contains advice on how to stay safe on eBay. For a copy of the article, contact Martin Chapman.
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Plastyc to Collaborate with Consumer Financial Protection Bureau on Project Catalyst
Plastyc to Collaborate with Consumer Financial Protection Bureau on Project Catalyst
New York, NY (PRWEB) November 14, 2012
Plastyc announced today it will collaborate with the Consumer Financial Protection Bureau (CFPB) on Project Catalyst, an initiative designed to support consumer-friendly innovation and entrepreneurship in the marketplace. Plastyc is also participating in a CFPB public event on entrepreneurship and innovation today at the Computer History Museum in Mountain View, CA.
CFPB was created as part of the Dodd-Frank Wall Street Reform Act following the financial crisis of 2007-2008. The central mission of the CFPB is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
Through Project Catalyst, the CFPB will collaborate with companies on data sharing about consumer behaviors and trends. These collaborations help the Bureau better understand what works and does not work for consumers. As a data-driven agency, the CFPB always wants to learn more about what innovators are discovering about consumer wants, needs, and practices and the Bureau will use that data gathered to better inform policy decisions.
Plastyc’s data-sharing collaboration with Project Catalyst will focus on the value consumers place on easily depositing and obtaining immediate access to their funds.
“Behavioral data, separate from the transactions themselves, is informative and essential for improving consumer’s access to quality financial services,” said Peyret. “We are thrilled to collaborate with the CFPB through Project Catalyst to support consumer-friendly innovation.”
More information about Project Catalyst is available at: http://www.consumerfinance.gov
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About Plastyc
Plastyc delivers good banking for all by providing 24/7 access to FDIC-insured accounts through any Internet-connected computer or cell phone. Unlike traditional checking accounts, Plastyc’s iBankUP portal and UPside cards offer smart, easy to use services at lower prices, with no risk of overdraft. Plastyc’s principals and directors have a track record as financial services innovators at companies like Gemalto, Oberthur, Signio (now part of PayPal, an eBay company), ClairMail, Lending Club and Genetic Finance. Plastyc is privately held with headquarters in New York City. For more on Plastyc, visit http://www.plastyc.com.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.