Victory State Bank Points to Credit Card Security Tips


STATEN ISLAND, N.Y. -- Victory State Bank would like to provide you with the Federal Trade Commission’s security tips for using credit cards. If you use a credit card, charge card, or debit card, take the following precautions:

  • Never lend it to anyone.
  • Never sign a blank charge slip. Draw lines through blank spaces on charge slips above the total so the amount can’t be changed.
  • Never put your account number on the outside of an envelope or on a postcard.
  • Always be cautious about disclosing your account number on the telephone unless you know the person you’re dealing with represents a reputable company.
  • Carry only the cards you expect to use to minimize the damage of a potential loss or theft.
  • Always report lost or stolen credit cards, charge cards, and debit cards to the card issuers as soon as possible. Follow up with a letter that includes your account number, when you noticed the card was missing, and when you first reported the loss.

 

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

 

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Points to Preparedness Planning for Your Business


STATEN ISLAND, N.Y. – Being prepared for hazardous situations is an important part of owning a business. Victory State Bank would like to remind our customers that it is better to be safe rather than sorry when it comes to your business and your personal safety. The Small Business Administration has provided the following guide to help you and your business be prepared in the event of an emergency situation:

  • Program Management
    • Organize, develop and administer your preparedness program
    • Identify regulations that establish minimum requirements for your program
  • Planning
    • Gather information about hazards and assess risks
    • Conduct a business impact analysis (BIA)
    • Examine ways to prevent hazards and reduce risks
  • Implementation
    Write a preparedness plan addressing:
    • Resource management
    • Emergency response
    • Crisis communications
    • Business continuity
    • Information technology
    • Employee assistance
    • Incident management
    • Training
  • Testing and Exercises
    • Test and evaluate your plan
    • Define different types of exercises
    • Learn how to conduct exercises
    • Use exercise results to evaluate the effectiveness of the plan
  • Program Improvement
    • Identify when the preparedness program needs to be reviewed
    • Discover methods to evaluate the preparedness program
    • Utilize the review to make necessary changes and plan improvements

About Victory State Bank:

 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

 

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email:   This email address is being protected from spambots. You need JavaScript enabled to view it.

 


Victory State Bank Helps Protect Consumers Against Internet Auction Fraud

 

STATEN ISLAND, N.Y. – With accessing the Internet being as easy as the click of a button, Victory State Bank cautions consumers that it’s also easy to become a victim of Internet fraud.

The Internet has become a place for good deals, especially without the hassle of getting up and going to a store. But some of these deals could seem to good to be true.

The Federal Bureau of Investigation (FBI) says the best way to fight fraud is to learn how to not be a victim.

Victory State Bank visited the FBI’s Website recently to share some of those tips:


Avoiding Internet Auction Fraud

  • Understand as much as possible about how the auction works, what your obligations are as a buyer, and what the seller’s obligations are before you bid.
  • Find out what actions the website/company takes if a problem occurs and consider insuring the transaction and shipment.
  • Learn as much as possible about the seller, especially if the only information you have is an e-mail address. If it is a business, check the Better Business Bureau where the seller/business is located.
  • Examine the feedback on the seller.
  • Determine what method of payment the seller is asking from the buyer and where he/she is asking to send payment.
  • If possible, purchase items online using your credit card, because you can often dispute the charges if something goes wrong.

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

 

Media Contact: Barton Horowitz

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761"> This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 Victory State Bank Explains Immediate Steps Following Identity Crisis

 

STATEN ISLAND, N.Y. – If your identity is stolen, the first step is to not panic. Victory State Bank wants you to know if you take action quickly, you can stop an identity thief from doing more damage.

The bank suggests you follow these tips from the Federal Trade Commission (FTC):

  • Place an initial fraud alert. Ask 1 of the 3 credit reporting companies to put a fraud alert on your credit report. They must tell the other 2 companies. An initial fraud alert can make it harder for an identity thief to open more accounts in your name. The alert lasts 90 days but you can renew it. 
  • Order Credit Reports. Identity thief victims are entitled to a free credit report from each of the 3 credit reporting companies.
  • Create an identity theft report. An identity theft report gives you some important rights that can help you recover from theft. To create one, file a complaint with the FTC and print your Identity Theft Affidavit. Use that to both file a police report and create your Identity Theft Report. 
  • Monitor Your Progress. Resolving identity theft takes phone calls and letters. Create a system to organize your papers and calls, and to track deadlines.

 

 

About Victory State Bank:

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com

Media Inquiries:

 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

www.RelevantPR.com

Mobile: 917‑715‑8761

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.


Victory State Bank Warns of Multilevel Marketing Scams


STATEN ISLAND, N.Y -- Victory State Bank would like to alert our patrons to the following advice from the Federal Trade Commission on multilevel marketing opportunities:

In multilevel or network marketing, individuals sell products to the public — often by word of mouth and direct sales. Typically, distributors earn commissions, not only for their own sales, but also for sales made by the people they recruit.

Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s not. It's a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.

Ask your sponsor and other distributors tough questions, and dig for details. Their responses can help you detect false claims about the amount of money you may make and whether the business is a pyramid scheme. Here are some questions to ask before making any decisions:

  • What are your annual sales of the product?
  • How much product did you sell to distributors?
  • What percentage of your sales were made to distributors?
  • What were your expenses last year, including money you spent on training and buying products?
  • How much money did you make last year — that is, your income and bonuses, less your expenses?
  • How much time did you spend last year on the business?
  • How long have you been in the business?
  • How many people have you recruited?
  • What percentage of the money you’ve made — income and bonuses less your expenses — came from recruiting other distributors and selling them inventory or other items to get started?

It’s important to get a complete picture of how the plan works: not just how much money distributors make, but also how much time and money they spend on the plan, how long it takes before they're earning money, and how big a downline is needed to make money. One sign of a pyramid scheme is if distributors sell more product to other distributors than to the public — or if they make more money from recruiting than they do from selling.

 

About Victory State Bank: 

VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com.

Media Inquiries:

Relevant Public Relations, LLC

Headquarters: 718 682 1509

http://www.RelevantPR.com

Mobile: 917 715 8761

Email:    This email address is being protected from spambots. You need JavaScript enabled to view it.