Fraudulent charge observed on New Discover IT on the very next day of activation

[SisterGirl]

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@jsickz32 wrote:
Awesome! This is way i check all pending transc on everyone of my cards every morning

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Exactly....I do the very same EVERY morning/evening - rain or shine !

SisterGirl

[bs6054]

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@Rhaeny wrote:

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@jsickz32 wrote:
Awesome! This is way i check all pending transc on everyone of my cards every morning

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Are you saying you use Yodlee to do this....sorry just want to make sure I understand what you are saying.  I have Yodlee for awhile but wasn't sure how secure it was so I haven't entered any information into it.  If you use it are you very satisfied with it?

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Why worry about security?  It says on the site:

Your account information is safe at Yodlee MoneyCenter. Your password and our world class technology protect your information.

so it must be true!

Given the ever increasing rise of criminal hackers, I would be very reluctant to have a single point of failure like this.  But that may just be me.

[Anonymous]

This may be closing the gate after the horse is gone.  You should not have your complete credit history (or credit portfolio)  in one place as web sites will insert a "cookie" in your computer which which can be accessed at any time.   

[nishant1]

ING Direct bank had started a new approach for financial management tools which I like - which is likely to prevent unauthorized access to ING bank accounts.

If you want to link ING Account to a financial aggregator software like Mint.com or Yodlee, you have to go to ING account and generate a separate code specifically for financial softwares. This is a 12 digit alpha-numeric auto generated code.

Then to link ING bank account to the software, you do not need to reveal your password at all to the financial software but use the specially generated code for linking  which gives read-only access to the software.

Since the password is never known to the software, I find this security feature superior.

[Rhaeny]

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@bs6054 wrote:

Why worry about security?  It says on the site:

Your account information is safe at Yodlee MoneyCenter. Your password and our world class technology protect your information.

so it must be true!

Given the ever increasing rise of criminal hackers, I would be very reluctant to have a single point of failure like this.  But that may just be me.

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Yes yes of course, they can't put anything on the internet that isn't true

But that's why I was looking for other's experience with it because I'm just not impressed with Mint. 

[Rhaeny]

@nishant1 - You just made me think about an option within my CU account.  They have something called FinanceWorks so I think I will try that out!