Hope

Is it me only or POSB cash deposits and ATM machines keep failing? For the low interests that all the banks are giving for our bank deposits, I do really expect higher standards from them.

1) Always clear your cookies and cache before and after a bank transaction 2) Use a good anti virus software. It can be free like AVG or Avast. Alternatively get a paid one if you want the best and support for your software. 3) Use proper passwords. Don't use passwords that can be easily guessed such as 1234, abcd, qwerty, or your personal particulars that can be obtained easily by scammers and hackers. 4) Avoid doing your online banking in Internet cafes or public computers because you won't know are the PCs safe. Don't take unnecessary risks.

Some Apple customers have reported on illegal transactions. The average among is around $30-$40. All the banks involved are investigating and exploring ways to tackle the problem. Hopefully Apple implements the 3-Domain (3D) Secure protocols by Visa, MasterCard and Amex which sends out a OTP (One-time password) via SMS whenever the customer wants to make a purchase or transactions. This added layer of security will serve to prevent frauds from happening and at the same time notify the customer that someone may be using his/her credit card illegally. Till the day Apple/iTunes adopts the technology, we will have to be more careful and remember to check your bank accounts for unauthorized transactions.