Indianapolis Bank

On September 1st, Financial Center will be making significant upgrades and improvements to its BillPayer service in online banking. Members will find a new appearance and interface for BillPayer that will make paying your bills online easier than ever.

One important change is how payments will be processed after September 1st in BillPayer. Previously you may have scheduled your payment a certain period of time before it was due to allow sufficient time for it to be delivered on or before its due date. 

Now, the pay date that you designate for your bills will be the date that you want the payee to receive your payment. When scheduling your payment, BillPayer will give you the next available date you can send a payment to your payee. You will also have the ability to schedule future or recurring payments.

If you have questions, please contact Member Services at 317.916.7700 or 800.473.2328.

View an online demo of the new BillPayer system.
 

Found this article and thought I should share.

Just when you thought you'd seen it all, a new and particularly nasty form of Internet phishing, called tab-nabbing, poses a new identity theft threat to web users.

Phishing happens when a scammer deceives you into giving away information about yourself, mostly account details such as username and password.

Usually via an email or a link on another web page, they direct you to a bogus site that looks exactly like the genuine article -- like PayPal or Amazon for example -- and captures your login details when you try to sign in.

The crook can then use those details to sign on and remove money or make purchases on your account.

All of these previous online phishing scams rely on the user being fooled into clicking a link, whereas the tab-nabber plays a different and much less obvious trick.

If you're a regular Internet user, you'll know how tabs work. In your browser -- for example, Internet Explorer, Firefox, Safari or Google Chrome -- they allow you to have several pages open at once, and to hop from one to the other.

Sometimes, when you click on a link in one page, it opens the new page in a separate tab, and it's not unusual to have half a dozen or more tabs open at once.

You even forget which ones you had open, which helps the tab-nabber immensely.

The way this particularly evil form of Internet phishing works goes like this:

• You already have a couple of tabs open when you land on a page controlled by the tab-nabber (though you won't know this).
• While you're viewing this page, the tab-nabber accesses your browsing history to see which sites you regularly visit that have value to him -- again like Amazon, PayPal or an email account like Gmail.
• Tab-nabber then changes one of your tabbed pages to mimic one of these sites, complete with what looks like the genuine logo on the tab itself, hoping, when you return to this tab, you will think you must have visited that page earlier and just forgotten.
• Even better, from the tab-nabber's point of view, you may really have just visited the genuine site (your bank, for example), left it open in the tab, and then returned to it to discover you seem to have been logged out.
• Either way, the aim is to get you to think you're logging in again and, hey presto, the scammer has pulled off his cunning Internet phishing trick.

Two key aspects make this much more effective than previous online phishing scams:

First, you don't have to click a link to get to the bogus page; you just click on what looks like a genuine page tab.

Second, it uses sites you habitually visit whereas phishing emails often seem to come from organizations you've had no dealings with, so you would immediately suspect something was wrong.

Making this scheme more effective, if you do your banking online, the bank often will actually sign you out if there's no activity on their page, even if you still have it open in a tab. It's not unusual to be asked to sign on again.

However, two other things give the tab-nabbing trick away: First, although the page may look genuine, the Internet address or URL (the name of the site given in the address bar at the top of your browser) won't.

So, the real Amazon home page for instance will show "amazon.com" but a bogus page will have something quite different, even if it has the word "amazon" in it.

Third, the little padlock icon that appears in your browser (usually bottom right or beside the address bar), when you visit a secure website, will generally be missing.

Still, it's a wicked deception, highlighted recently by a specialist who works for Mozilla, the organization that makes the Firefox browser. You can see his video demonstration of tab-nabbing (sometimes also called "tabnabbing" or "tabnapping") here if you have Adobe Flash installed.

What can you do to ensure you don't fall victim to this new type of Internet phishing? To be doubly-secure, here's what you should do.

1. Get into the habit of glancing at the address bar for every page you visit or revisit. This makes good secure-surfing sense anyway.
2. Look for that padlock on what should be a secure site page.
3. After visiting a secure page, close it when you're done, rather than keeping it open in a tab.
4. If a site invites you to sign on again, close the tab and re-key the correct address.

Any one of these four steps should help steer you clear of a tab-nabbing scam -- and if you have security software integrated with your browser, that should flag bogus sites too. With Internet phishing, you just can't be too cautious.

Source (http://www.scambusters.org/internetphishing.html  or http://www.scambusters.org/ search for Internet Scambusters #395)

What are some of the HSA benefits? HSA health plans have a number of benefits when compared with the traditional health insurance plans. Here are some HSA benefits:

• The funds that you contribute to your HSA bank accounts are completely yours.
• Health care providers and plans can be changed as per your requirements with absolutely no penalty imposed on the change.
• The funds deposited in the account are totally tax free.
• Health care cost of individuals and families will come down substantially each year due to HSA health plans.

If you are unsure about what HSA health plans are and what benefits you will get out of it you can always refer to the health savings accounts FAQ, which will enable you to get a clear perspective.

If you want to learn more about a bank health savings account, please don't hesitate to get in touch with Financial Center of Indianapolis.  You might also be interested in our Reward Checking which earns dividends.
 

More than likely, if you are looking into HSA savings then you already know a thing or two about them.  However, we thought we'd include a few additional benefits of such a health savings account plan:

• The coverage of the HSA health plan is extensive and you can use it to cover a variety of medical expenses, which include dental costs, annual physicals, mental health cost, over the counter medications, maternity costs and alternative medication like homeopathy.
• A very big advantage of an HSA is that you can continue with the health savings accounts, even when you lose a job or retire.
• If you do not take money from the account, it will continue to grow and you get added benefits in the future.

If you want to learn more about a bank health savings account, please don't hesitate to get in touch with Financial Center of Indianapolis.  You might also be interested in our Reward Checking which earns dividends.
 

A health savings account plan can be used to save money for your medical needs in the present and in the future.

The biggest advantage of a health savings account plan is that they provide security against high and unexpected medical bills. Even if the funds are not utilized they will remain in the account with each passing year, earning interest on it.

The withdrawals from the account are also tax free, if they are utilized for medical purposes. Even when you are unemployed or move to a different state the funds will continue to remain in your account.

If you want to learn more about money education, please don't hesitate to get in touch with Financial Center of Indianapolis.   

During the current recession, now more than ever it is important to really understand the importance of learning about money.

Here are some great money education tips:

• Before making any investment and loan choices, you need to carefully analyze all the options available and choose a plan that best suits your needs.
• Reduce your credit card usage and if you own more than three cards, try bringing it down to two.
• Select credit cards with the lowest interest rates.
• Use the Internet to get bargain and discount deals on things you wish to buy.
• Do not make expensive purchases unless it is an emergency.
• Consolidate all your debt to avoid paying different interest rates.

Our Financial Services Indianapolis will be able to guide you in making good financial plans, which will help you achieve financial success. Our Financial Education Indianapolis helps to provide financial literacy to the community, which will help everyone have a secure financial future.

If you're interested in learning about money, please don't hesitate to get in touch with our Financial Center of Indianapolis.  You might also be interested in our Reward Checking which earns dividends.
 

Personal money management can be really tricky in these tough economic times. You will need to be financially savvy to avoid falling into a debt trap.

Here are some simple money education tips that will help you manage your finances better.

• Analyze your finances; calculate your income, expenses and debt to arrive at a clear understanding of your financial health.
• Prepare your budget, with specific allocations towards fixed and variable expenses.
• Make a shopping list and strictly adhere to it. Do not make any unnecessary purchases.
• Track every purchase to check whether your financial plan is fool proof.
• Prioritize all your expenditures and try implementing your prudent financial plans.

If you're interested in learning about money, please don't hesitate to get in touch with our Financial Center of Indianapolis.  You might also be interested in our Reward Checking which earns dividends.
 

A medical savings account Indianapolis will help you save money for medical expenses. You can open a medical savings account in the local credit union of Indianapolis.

The funds deposited in an HSA in Indianapolis are tax deductible and in certain cases the state may offer a higher tax deduction based on the tax structure prevalent in that state.

In order to qualify for a medical savings account you must have a high deductible health plan, which has nearly 20% to 50% lower premiums and this depends on the place of your residence.

All these reasons make opening a medical savings account with a local credit union a very good financial decision.

If you're interested in learning about medical savings accounts, please don't hesitate to get in touch with our Financial Center of Indianapolis.  You might also be interested in our Reward Checking which earns dividends.