News Now

Consumer
Consumer brief (12/06/2007)
* MADISON, Wis. (12/7/07)--If you're holding a traveler's check that someone other than your financial institution gave you, you may be holding a fake. Recently there's been another rash of counterfeit traveler's checks--similar to the ubiquitous fake check scams in which you’re asked to mail part of the money back--that leaves you, the consumer, in the lurch. According to Joan Jager, relationship development director, Travelex, Napa, Calif., you may be held liable for the amount--after the fact--if your financial institution cashes a fake traveler's check and then discovers it's not legitimate. To verify the legitimacy of a Visa Travelers Cheque, go to http://www.quickcheque.net. Jager also advises consumers, as well as merchants, to hold the Visa Travelers Cheques up to the light and look for the Visa dove watermark on the back of the check (on the right-hand side) and for the silver thread on the front which runs up and down just before the customer right-hand signature line. The National Consumer's League Fraud Center warns consumers that American Express Gift Cheques are not issued for amounts over $100, so if you see one for more, you know it’s a scam (CUNA Center for Personal Finance)...


RSS print
News Now LiveWire
July 's Fed Bank's "FedFocus" has some interesting articles: incl cost/benefits of $1 currency 2 coin conversion ttp://tinyurl.com/nybmnhh
1 Day ago
Do you wish you were a News Now subscriber? Go here: http://t.co/7evfBSjeMx
1 Day ago
Financial education for student body key part of Altura #creditunion, UC-Riverside partnership #NewsNow http://t.co/Xp6OJd66o6
1 Day ago
.@VTcreditunions gains 200 new FB followers in just 2 wks to reach 1,000 http://t.co/I89xJcv4Jg
15 minutes ago
.@CUNA is testifying on reg relief Tues,July 15 at 2 p.m. be4 Hs Fin Serv Subc. Here is the agenda and witness list: http://t.co/yBRhlmdqHt
2 hours ago
Unite for Good Share your Stories150x172_Inside ExchangeData-Breach-150x172.jpg