Tuesday - November 25, 2008

No Longer Safe to Write Personal Checks?

Don Knuth has decided he can no longer write checks after being forced to close three checking accounts after they were subjected to multiple attacks by criminals.

He says the way checks work is fundamentally broken. With the information on a check, a criminal can create an ATM card, impersonate a bank in another country or create a document that looks like a check. They can do this without even knowing your name.

Credit card fraud isn’t the only issue to be concerned about. Checks could be a dangerous transaction.

(via Jeff Barr via Armin’s Hangout)







Post a comment










Number of readers
- home
comics
news links
other links

about me
blog archives
docs
entertainment
experiences
funny lists
humor
intellectual
interests
mefi
music
opinions
photos
web designs
tools
webmaster help

Sign up
Enter your email address to be notified of new posts



Search blog archives

Calendar
November 2008
S M T W T F S
« Oct   Dec »
 1
2345678
9101112131415
16171819202122
23242526272829
30  







Random quote
(View all quotes)
"Good news is just life's way of keeping you off balance."










Licensed under Creative Commons
(?) Choose theme:  X X X X X X


W3CCSS
Loaded in 0.0511 seconds