April 12, 2012
Midtown Bank Newsletter

Greetings!

 

As your bank of choice, we have several security features in place to protect your accounts against fraud. However, you must do your part to protect your monies too.

 

Fraud Target Small Businesses: Don't Be a Victim

 

While large firms may have sophisticated technology and staff dedicated to stopping crime, many small businesses don't - and scammers know this. Here are ways to protect yourself;

 

  • Be on guard against inside jobs. Carefully select who handles revenue from customers, pays the bills and reviews account statements. And, ensure that there are procedures in place to detect and deter fraud.
  • Watch out for fraudulent transactions. Scams can range from consumer payments with a worthless check; or a fake credit or debit card; to fraudulent returns of merchandise.
  • Electronic frauds by third parties can be very costly to businesses, so take them seriously. By sending fake e-mails and using fake Web sites to deliver malicious software, fraudsters may be able to obtain the usernames and passwords for online bank accounts.

It is important to remember to equip your computer with up-to-date anti-virus software and firewalls. Monitor account balances regularly, perhaps daily, to look for suspicious or unauthorized activity. And don't click on links or attachments to an unsolicited e-mail that asks for confidential information, even if it appears to be from a company you do business with, the government, or even Midtown Bank. Legitimate organizations will never request that kind of information in an e-mail.

Festivals This Month
  
This month, Atlanta will be home to three annual festivFamily Walkingals, starting Friday April 20th and running through Sunday, April 22nd. The 75th Annual Atlanta Dogwood Festival at Piedmont Park, and the Sweetwater 420 Fest at Chandler Park are back. The following weekend, get ready to celebrate the Inman Park Festival from April 27th through April 29th.
Prepare now for bad traffic and parking problems, or great music, local artists, and lots of fun in the sun.
  
Visit the below links for more information.

Product Feature: Positive Pay

 

 This product will help you to identify fraudulent items at the time of check presentment (instead of during the monthly statement reconcilement). A "timely" return of a fraudulent check can usually eliminate fraud loss. You submit a file of checks you have issued to Midtown Bank. We will then match the account number, check number and dollar amount of each check presented for payment. Checks presented that do not "match" checks you have authorized appear as an "exception item" in an online report you view daily on Business Online Banking. You "decision" each unmatched item daily with a pay or no-pay decision.

  
  
FDIC Equal Housing
Issue: 15
Midtown Bank - Your Life. Your Style. Your Bank

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Stan 2011 

Spring is in full bloom in Atlanta! Now is an excellent time to freshen your banking relationship. Midtown bank has a full menu of products for both personal and business banking needs. Please contact us today to discuss your specific situation.

 

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