| No jail for ID thief
A pensions administrator from Sutton has avoided a jail term for using the identity of a dead pensioner to swindle money out of his firm. Jon Isetts, 26, transferred £2,760 into the account of the deceased man, then changed the bank details to his own, so he could pay off mounting credit card debts. Guildford Crown Court was told how he cancelled another fraudulent exchange at MNPA pension specialists just as the money was about to be transferred. .
American Legion post opens in Cheriton
CHERITON -- American Legion Post 56 is open and ready for business. The new hall had its grand opening on Saturday, a fitting tribute to Veteran's Day. The former Cheriton Super Market sports a sprawling new bar, social hall and a banquet room the size of a dance club. .
Diana Clement: Good old-fashioned bank account hard to beat
Most of us think of "cash" as being the folding stuff we keep in our wallets. Cash investments, however, can range from simple savings accounts to highly leveraged cash funds. Cash investments are liquid - or short term - and relatively safe investments. Many, such as simple bank deposits, offer a guarantee that your principal will be returned. Depending on your definition (and they vary) "cash" includes term deposits, cash management accounts and short-term, fixed-income securities (similar to debt securities but much shorter in duration). Closely related are fixed-interest investments for a specified term, says Philip Macalister, publisher of the website depositrates.co.nz. Over the long term, the return from cash investments doesn't keep pace with other investment classes.
AT&T, Wachovia launch mobile banking service
AT&T Inc. and Wachovia Corp. joined forces to launch an online banking system via cell phones that allows customers to view account balances, transfer funds and pay bills. According to Celent, a research and consulting firm, about 46 million households currently bank online. By 2010, 17 million households will use mobile banking as an alternative online banking source. "The ability to perform banking functions using a wireless handset is attractive for people who need to make financial decisions on the go - business travelers, college students and anyone who desires the flexibility that wireless delivers," said Mark Collins, vice president, Consumer Data, for AT&T's wireless unit. Mississippi-based BancorpSouth, which has a presence in the Birmingham market, also offers mobile banking through AT&T.
|
