Chase's online-banking is out of service because of a technical glitch related to its Website, the JPMorgan Chase & Co. unit says.
In California and Michigan, welfare recipients use their Electronic Benefit Transfer cards to withdraw the funds from ATM machines in casinos. If they proceed to roll the dice with the money, wouldn't this be state-backed gambling?
In a highly anticipated demonstration at the Black Hat computer-security conference in Las Vegas, IOActive director Barnaby Jack hacked into two ATMs using two different techniques. He's found a flaw in every ATM he's looked at, he told an applauding audience.
With new laws clamping down on some credit card and account fees, banks are likely to find other ways to offset the lost income. Among the possibilities: Hefty increases in annual credit card fees or an end to free checking.
Banks make a tidy profit off ATM fees, ranging from $1 to $7, but a proposed amendment to the financial reform bill would cap fees at 50 cents per transaction. Instead of helping consumers, it may end up hurting them if banks end up closing less-profitable ATMs, limiting access to cash.