||Oracle Tips by Burleson
Chapter 7 -
All about Online
Before exploring online financial scams, the
following are some reasons why online financial transactions and
eCommerce have become so popular.
Societal Pressure - Many employers now require
their employees to accept compensation payments by depositing
employee paychecks directly into their checking or savings
accounts. Consequently, many consumers feel comfortable using the
web to perform financial transactions.
Fast Access - Retirement accounts can now be
instantly accessed via services such as Schwab (www.eschwab.com).
Investors can managed the stocks in their 401(k) retirement accounts
via the Internet and instantly check the current value of their
Lower Fees – The job of a stock broker has been
largely displaced by web services (e.g. eTrade, AmeriTrade, eSchwab)
since the investor can access and analyze historical stock prices
But how does the consumer public choose a safe
and secure financial institution? There are several common sense
Most people will want to make certain that
their bank is insured by the Federal Deposit Insurance Corporation
(FDIC). These banks usually carry the slogan “Member FDIC” or “FDIC
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