STATE BANK OF SOUTHERN UTAH BLOG

How Tokenization Technology Can Protect You from Fraud



Tokenization of credit cards is the latest buzz-word in security. One example of Tokenization is in Apple Pay, where your true card number remains hidden during the transaction. Instead, a temporary number issued by your payment network allows your transaction to be processed without revealing your true card number. Even if the one-time number is intercepted, it cannot be used for additional transactions.




Read More

Topics: Tokenization, Security, Banking Security, Credit Cards, Fraud, Education, Technology, Apple Pay


Banks and Cybersecurity



As a Bank we are continually improving our security measures to make sure your investments, and accounts with us are safe. This is an info-graphic from the American Bankers Association describing the current state of Cybersecurity and what Banks are doing to protect you and your money.




Read More

Topics: Cybersecurity, Security, Banking Security, Education


How to Get Your Free Credit Report



The Fair Credit Reporting Act (FCRA) requires each of the nationwide credit reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. The FCRA promotes the accuracy and privacy of information in the files of the nation’s credit reporting companies. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the FCRA with respect to credit reporting companies.




Read More

Topics: Personal, Real Estate, Experian, Free Credit Report, Equifax, Business, Security, Loans, Credit Report, TransUnion, Fraud, Education, Free Annual Report, Federal Trade Commission


SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme


Courtesy U.S. Security and Exchange Commission




Read More

Topics: Ponzi Scheme, Corporate News, SEC, Security and Exchange Commission, Security, Fraud


Scam of The Day


The scam: Consumers are being victimized by con-men who claim that personal bills will be paid by the Federal Government through a new economic development program from President Obama. There is no such program.




Read More

Topics: Fraudulent Charges, Con-men, Credit Card Fraud, Scamers, Security, Fraud, Scam


About SBSU

Hometown banking was established in southern Utah with the opening of State Bank of Southern Utah in 1957.

Hometown banking is important because people who live and work in southern Utah make the decisions. Bank employees and officers understand the banking needs of area residents because they are affected by the same economic climate. Find out what hundreds already know - hometown banking is better.

Visit us at sbsu.com

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all