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.

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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.

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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.

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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

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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.

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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.

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