05/04/2016 Live Update

[Out of Bounds]

Like many of you, we have business accounts that have debit cards attached to them. Our bank just called and questioned us about a couple of transactions associated with those cards. They were fraudulent transactions. We were then informed that there is NO protection against fraud for debit cards associated with business accounts.

I had no idea this was the case. We have cancelled the cards and returned to a policy of only using checks. We only lost $29 but much larger charges were pending and stopped in time.

[Trades with cats]

Just for the record third day in a row where the 11:30 algo hour produces green bars.

[Al_Dente]

after great fanfare crossing above the 200dma about 15 days ago, IWM is now back BELOW the 200dma on the daily

be careful

[Trades with cats]

I had no idea this was the case. We have cancelled the cards and returned to a policy of only using checks. We only lost $29 but much larger charges were pending and stopped in time.

Don't fall for the cheapo US bankers chip and signature charge cards. Go to the full world standard where you have to put in your pin number. Chip and Pin credit cards seem to be the way to go for us regular people.

[Out of Bounds]

I had no idea this was the case. We have cancelled the cards and returned to a policy of only using checks. We only lost $29 but much larger charges were pending and stopped in time.

Don't fall for the cheapo US bankers chip and signature charge cards. Go to the full world standard where you have to put in your pin number. Chip and Pin credit cards seem to be the way to go for us regular people.

I don't think that option is available here.

[K447]

Like many of you, we have business accounts that have debit cards attached to them. Our bank just called and questioned us about a couple of transactions associated with those cards. They were fraudulent transactions. We were then informed that there is NO protection against fraud for debit cards associated with business accounts.

I had no idea this was the case. We have cancelled the cards and returned to a policy of only using checks. We only lost $29 but much larger charges were pending and stopped in time.

Would these be chip cards that work without a PIN code or really old-school magnetic stripe cards?

It still dismays me that the retail standard within the US, even for chip enabled cards used on chip terminals, does not require or sometimes even allow a PIN code to be used. Chip plus signature is a very oddball solution.

[Out of Bounds]

Would these be chip cards that work without a PIN code or really old-school magnetic strip cards?

Old school.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2016/05 ... ay-update/

[Trades with cats]

Has a chip and you have a pin. Just because the retailer hasn't enabled it doesn't mean it doesn't work. Retailer can go with just signiture. Cards cost more as the card has to be able to send in a confirmation code. Some US banks are offering. My guess is the rest will offer to premium customers eventually. No other area of developed world uses anything else. Ours is an airline card from Bank of America.

[Cobra]

testing ema20, let's see any sellers here.

[BullBear52x]

one more push before bulls will be in the house.

[Out of Bounds]

Ours is an airline card from Bank of America.

Good to know. Thanks.

[K447]

Would these be chip cards that work without a PIN code or really old-school magnetic strip cards?

Old school.

Ouch.

Way beyond time to move into the future, which the rest of the world has been using for many years.

Chip + PIN is effectively mandatory now for most credit and debit card use in the modern world outside the US. Just came back from travel to Iceland last week, tiny country, all chip and pin. As is Canada, Europe, etc.

BTW, ApplePay is rated equal to the same (or better) security as a card present retail chip and pin transaction, with no possible exposure to fraud from card copying or PIN viewing. Very fast payment at the terminal, just hold your finger on the iPhone home button to authenticate with your fingerprint. Your actual plastic card does not need to be present, effectively the ApplePay is a supplementary high security card for the account.

If you have a modern iPhone and your bank (credit card) supports Apple Pay, I recommend getting it set up.

[fehro]

SPX wedge.. not sure if there's another trip down.. the wedge, 50d 2040.56, but wedge pops up to 2068

[Trades with cats]

Four years ago my Credit Union account was hacked, $5,000 cash withdrawals in 24 hours out of ATMs in Croatia while I was here in little old Idaho. I didn't lose anything but made me watch for better security options.

[BullBear52x]

bulls are too weak, a push without support of RSI. bull trap as far as I can see for now, I need to see strength before I can change side.

[Al_Dente]

“I'm shocked, shocked to find that gambling is going on in here!” [Captain Renault, “Casablanca”]

“…a working group at the ECB studies stock & treasury futures markets, to show 'insider trading' …”
Via Reuters
http://www.zerohedge.com/news/2016-05-0 ... ey-traders

[josephli]

Like many of you, we have business accounts that have debit cards attached to them. Our bank just called and questioned us about a couple of transactions associated with those cards. They were fraudulent transactions. We were then informed that there is NO protection against fraud for debit cards associated with business accounts.

I had no idea this was the case. We have cancelled the cards and returned to a policy of only using checks. We only lost $29 but much larger charges were pending and stopped in time.

Depending on which bank you use, Chase allow you to set spending limit for each cards. I always set it to zero

[uempel]

“I'm shocked, shocked to find that gambling is going on in here!” [Captain Renault, “Casablanca”]

“…a working group at the ECB studies stock & treasury futures markets, to show 'insider trading' …”
Via Reuters
http://www.zerohedge.com/news/2016-05-0 ... ey-traders

I love that movie

[uempel]

Nice channel support might be broken ... so far the move down after a 300 rally is just not enough