Seeing How Kids Pay Keeps Fraud at Bay

Many kids do not know that how they pay with their cards matters when it comes to protecting funds from fraud. For example, swiping the card’s magnetic stripe through a point of sale device exposes the card information to potential skimming devices. Dipping the card into a chip reader or using mobile Tap to Pay doesn’t.

FamZoo has a unique feature that encourages kids to pay more securely. For each transaction (whether successful or not), we show the “card entry mode” on the Transaction Details screen. The entry mode indicates how the payment was made (or attempted in the case of a decline).

6 Traits of a Well-Tuned Allowance

Do allowances spoil kids?

No, parents do. Allowances are just the misused vehicle of choice.

Applied correctly, allowances don’t spoil. They teach kids to be responsible and thoughtful with money.

If you’re seeing otherwise, your allowance approach needs a tune-up.

A well-tuned allowance:

Teach Kids How to Sniff Out Card Phishing Scams

Have you coached your kids to be on the lookout for sketchy calls, text messages, emails, and sites?

Unfortunately, advanced AI technologies are escalating the frequency and sophistication of phishing attacks. Your kid’s cards are in the crosshairs.

This classic example of a phishing text landed on my phone just the other day: