Articles - 2020

  • 2-part series: If you pay, they will continue to prey. Part 2

    posted by Mike Burke on Wednesday, September 16, 2020

    Currently, there are a few popular scams targeting and bilking the elderly out of significant amounts of money. This is a two-part series on elder fraud. Part 2 today highlights timeshare resale fraud. Last week, Part 1 addressed the old and reincarnated Publishers Clearing House scam. Feel free to repurpose this information to help keep your accountholders safe. If you haven't already, subscribe to our blog for timely and insightful articles of interest.

  • 2-part series: If you pay, they will continue to prey. Part 1

    posted by Mike Burke on Wednesday, September 9, 2020

    Currently, there are a few popular scams targeting and bilking the elderly out of significant amounts of money. This is a two-part series on elder fraud. Part 1 today addresses the old and reincarnated Publishers Clearing House scam, and next week Part 2 will speak to timeshare fraud. Feel free to repurpose this information to help keep your accountholders safe. Stay tuned!

  • Be alert this Labor Day weekend

    posted by Mike Burke on Wednesday, September 2, 2020

    It's a holiday weekend. People may be out and about more than usual, even with the pandemic slowing us all down. This means increased ATM activity. The bad guys are sure to be out and about, too, looking for ways to steal from you and your accountholders. Let me share some things to be aware of, and some ideas to help your team on the front lines.

  • The value of membership at SHAZAM

    posted by Paul Waltz on Tuesday, August 25, 2020

    We've all been told membership has its advantages, and at SHAZAM it really does. As the nation's only independent, member-owned and controlled financial services provider, that makes us different. Let me tell you how and then you'll understand why your financial institution should consider membership at SHAZAM.

  • Enhance your personal and professional development with our top book picks

    posted by Jackie Rolow, SPHR on Wednesday, August 19, 2020

    Looking for something positive to read while you relax in your comfy chair or outside on the deck enjoying the fresh air? Don't let the pandemic get you down; spend that time enhancing your personal and professional development. We're sharing some of our favorite books. We hope you enjoy — and grow from — our list.

  • Jump-start a technology career with a 2-year degree

    posted by David Collison on Wednesday, August 12, 2020

    COVID-19 has upended many college plans, and the economic fallout has left some students and their families wondering how to pay for tuition, books and other fees. If that student's future career plan happens to include a technology degree, let us offer some insight into a pathway that takes less time, will incur less educational debt and is in demand. Specifically, let's discuss software development.

  • Interchange is one thing. Net interchange is the much bigger deal. Why?

    posted by Dan Heimann on Friday, July 31, 2020

    SHAZAM is a debit network and processor, among other services we offer community banks and credit unions. So, in the debit world we talk a lot about interchange, an important concept. What is it and why does it matter to you? Take a few minutes to find how your debit card interchange is calculated and how it can be a meaningful contributor to your bottom line.

  • Fighting fraud: an inside-out approach

    posted by Liz Little on Wednesday, July 29, 2020

    Fraud continues to be a major risk and a serious pain point for financial institutions. It's a dark, relentless and multibillion-dollar industry in the U.S., threatening your cardholders and you. An ongoing battle, it's one we must fight on several fronts. SHAZAM advocates a holistic and layered approach to fighting fraud.

  • Fraudulent U.S. Postal Service money orders used in latest hot scam

    posted by Mike Burke on Monday, July 20, 2020

    Times are tough right now. People are online looking for employment and other opportunities to make some extra money. Well aware of this, fraudsters are employing the secret shopper scam, which sometimes uses fraudulent U.S. Postal Service money orders, to bilk untold amounts of money from unsuspecting victims.

  • Beware of free trial offers: 'free' isn't always free

    posted by Jace Day on Wednesday, July 15, 2020

    It's a sign of the times during this pandemic as we try to stay connected. We're on our phones scrolling through social media and tending to email. While browsing, you see an ad for a chance to try something out for free. You think, “Why not, what have I got to lose?” As your cardholder's financial institution, you know chargeback rights are limited and the cardholder stands to lose possibly more than they realize.