14 Ways to Avoid Non-Delivery of Merchandise

 

Victory State Bank is alerting consumers to be on the lookout for scams involving the non-delivery of merchandise. As explained by the FBI, non-delivery of merchandise is a scheme most often linked to Internet auction fraud, in which a seller on an Internet auction website accepts payment for an item –  yet intentionally fails to ship it. Sellers like these sometimes will relist the item and attempt to sell it again through a different username.

Non-delivery of merchandise can also be considered a form of business fraud in a number of cases, says the FBI. For example, some web-based international companies advertise in the U.S. for affiliate opportunities, offering individuals the chance to sell high-end electronic items, such as plasma television sets and home theater systems, at significantly reduced prices. When these items sell, and the funds are forwarded to the companies from their affiliates, the items fail to ship to the individuals who sold them and thus never make it to their respective buyers. 

 

To help you avoid non-delivery of merchandise, Victory State Bank is sharing these tips from the FBI:

  • Make sure you are purchasing merchandise from a reputable source.
  • Do your homework on the individual or company to ensure that they are legitimate.
  • Obtain a physical address rather than simply a post office box and a telephone number, and call the seller to see if the telephone number is correct and working.
  • Send an e-mail to the seller to make sure the e-mail address is active, and be wary of those that utilize free e-mail services where a credit card wasn’t required to open the account.
  • Consider not purchasing from sellers who won’t provide you with this type of information.
  • Check with the Better Business Bureau from the seller’s area.
  • Check out other websites regarding this person/company.
  • Don’t judge a person or company by their website; flashy websites can be set up quickly.
  • Be cautious when responding to special investment offers, especially through unsolicited e-mail.
  • Be cautious when dealing with individuals/companies from outside your own country.
  • Inquire about returns and warranties.
  • If possible, purchase items online using your credit card, because you can often dispute the charges if something goes wrong.
  • Make sure the transaction is secure when you electronically send your credit card numbers.
  • Consider using an alternate payment service.

 

 

ABOUT VICTORY STATE BANK

VSB Bancorp, Inc. (OTCQX: 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, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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

 

 

 

 

12 Basic Things You Should Know About Debit Cards

 

Debit cards are a common consumer tool – and their popularity makes them a target of thieves seeking access to a victim’s bank account.

To help you understand how a debit card may impact your finances, how to safely use a debit card – and assist you in thwarting thieves seeking to steal your money, Victory State Bank is highlighting 12 basic things you should know about debit cards:

 

 

1)      You can use a debit card and personal identification number (PIN) to withdraw cash from an automated teller machine (ATM), make deposits, or transfer funds between accounts.

 

2)      Some ATMs charge a fee if you are not a member of the bank’s ATM network.

 

3)      Retail purchases can also be made with a debit card.

 

4)      Be cautious about using your card online, if your card will be out of your sight (sit down restaurants), places where the final amount is uncertain (hotels), or where the card slot could have been tampered with (self-pay kiosks).

 

5)      Although a debit card looks like a credit card, the money for the purchase is transferred immediately from your bank account to the store’s or service provider’s account.

 

6)      Federal law does not allow you to stop payment on debit card purchase.

 

7)      Be suspicious of “shoulder surfers,” people who lurk around while you are using your debit card at an ATM or point of sale machine. If you suspect criminal activity, stop your transaction and walk away.

 

8)      If you suspect your debit card has been lost or stolen, call the card issuer immediately.

       Your liability for unauthorized use of your ATM or debit card will vary, depending on how quickly you report the loss.

 

9)      If you report a debit card missing before it is used, you are not responsible for any unauthorized withdrawals.

 

10)   Your liability is limited to $50 if you report the loss within two business days after you realize your debit card is missing. It increases to $500 if you report the loss between two and 60 days.

 

11)   If you have not reported an unauthorized use of a debit or ATM card within 60 days after the statement documenting the unauthorized use, you could lose all of the money in your bank account and the unused portion of your line of credit established for overdrafts.

 

12)   Sign up for text message or email alerts each time your debit card is used, so that you can know immediately if it has been used fraudulently. Check the policies of your card issuer; some offer more generous protections from fraud.

      SOURCE: USAGov’s “Consumer Action Handbook”

 

 

ABOUT VICTORY STATE BANK

VSB Bancorp, Inc. (OTCQX: 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, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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

 

10 Ways to Avoid Banking Scams

 

 

Victory State Bank, the only community-based commercial bank on Staten Island, is urging consumers and business owners to be on the lookout for banking scams, which are schemes that seek to access your bank account.

To familiarize you with some popular banking scams, and ways of protecting yourself, the Staten Island financial institution is sharing the following information from the federal government website USA.gov:

 

TYPES OF BANKING SCAMS

Overpayment scams - A scam artist sends you a counterfeit check. They tell you to deposit it in your bank account, and wire a portion of the money back to them. Since the check was fake, you’ll have to pay your bank the amount of the check, plus you’ll lose any money you wired.

Unsolicited check fraud - A scammer sends you a check for no reason. If you cash it, you may be authorizing the purchase of items or signing up for a loan you didn’t ask for.

Automatic withdrawals - A company sets up an automatic debit from your bank account, as part of a free trial or to collect lottery winnings.

Phishing - You receive an email message that asks you to verify your bank account or debit card number.

 

REPORT BANKING SCAMS

The proper organization to report a banking scam to depends on which type you were a victim of.

Report fake checks you receive by mail to the US Postal Inspection Service.

Report counterfeit checks to the Federal Trade Commission, either online or by phone at 1-877-382-4357.

- Contact your bank to report and stop unauthorized automatic withdrawals from your account.  

- Forward phishing emails to the Federal Trade Commission at This email address is being protected from spambots. You need JavaScript enabled to view it..

 

REMEMBER THESE 10 TIPS TO AVOID BEING A VICTIM OF A BANKING SCAM:

1)      Be suspicious if you are told to wire a portion of funds from a check back to a company.

2)      Be wary of lotteries or free trials that ask for your bank account number.

3)      Verify the authenticity of a cashier’s check with the bank that it is drawn on before depositing a check.

4)      When verifying a check or the issuer, use contact information on a bank’s website.

5)      Don’t be fooled by the appearance of checks or money orders. Scammers can make them look legitimate and official.

6)      Don’t deposit checks or money orders from strangers or companies you don’t have a relationship with.

7)      Don’t wire money to people or companies you don’t know.

8)      Don’t give your bank account number to someone who calls you, even for verification purposes.

9)      Don’t click on links in email to verify your bank account.

10)   Don’t accept a check that includes an overpayment.

 

 

ABOUT VICTORY STATE BANK

VSB Bancorp, Inc. (OTCQX: 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, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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

 

 

 

10 Tips for Lowering Your Risk of a Cyberattack

 

 

Don’t let down your guard when it comes to cyber safety, warns Victory State Bank. As described by the U.S. Department of Homeland Security, “Cyberattacks are malicious attempts to access or damage a computer system. Cyberattacks can lead to loss of money, theft of personal information, and damage to your reputation and safety. …”

To help you reduce the risk of a cyberattack, the only community-based business bank in Staten Island, N.Y., is sharing these 10 tips from the Department of Homeland Security:

 

§  Use strong passwords that are 12 characters or longer. Use upper and lowercase letters, numbers, and special characters. Change passwords monthly. Use a password manager.

 

§  Use a stronger authentication such as a PIN or password that only you would know. Consider using a separate device that can receive a code or uses a biometric scan (e.g., fingerprint scanner).

 

§  Watch for suspicious activity that asks you to do something right away, offers something that sounds too good to be true, or needs your personal information. Think before you click.

 

§  Check your account statements and credit reports regularly.

 

§  Use secure Internet communications.

 

§  Use sites that use HTTPS if you will access or provide any personal information. Do not use sites with invalid certificates. Use a Virtual Private Network (VPN) that creates a secure connection.

 

§  Use antivirus solutions, malware, and firewalls to block threats.

 

§  Regularly back up your files in an encrypted file or encrypted file storage device

 

§  Limit the personal information you share online. Change privacy settings and do not use location features.

 

§  Protect your home network by changing the administrative and Wi-Fi passwords regularly. When configuring your router, choose the Wi-Fi Protected Access 2 (WPA2) Advanced Encryption Standard (AES) setting, which is the strongest encryption option.

For more information about preventing and dealing with a cyberattack, visit the Department of Homeland Security website ready.gov.

 

 

ABOUT VICTORY STATE BANK

VSB Bancorp, Inc. (OTCQX: 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, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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

 

 

United States Issues Patent Number 10 Million

 

Victory State Bank — the only community-based business bank on Staten Island -- is applauding a milestone that impacts entrepreneurs and consumers alike:  In June 2018, the United States Patent and Trademark Office (USPTO) issued U.S. patent number 10 million.

More than just a number, patent 10 million celebrates the rich history and strength of the American intellectual property system dating back to the first U.S. patent, signed 228 years ago by George Washington on July 31, 1790, and issued to Samuel Hopkins for a process of making potash, an ingredient used in fertilizer.

“Innovation has been the lifeblood of this country since its founding,” said Secretary of Commerce Wilbur Ross. “Our patent system’s importance to the daily lives of every American has never been greater. Given the rapid pace of change, we know that it will not take another 228 years to achieve the next 10-million-patent milestone.”

Patent 10 million for “Coherent Ladar Using Intra-Pixel Quadrature Detection” symbolizes the breadth of American invention, with applications in such varied fields as autonomous vehicles, medical imaging devices, military defense systems, and space and undersea exploration. It was invented by Joseph Marron and is owned by Raytheon Company. Additional information on patent 10 million can be found at: https://10millionpatents.uspto.gov/docs/patent10million.pdf.

“This patent represents one of ten million steps on a continuum of human accomplishment launched when our Founding Fathers provided for intellectual property protection in our Constitution,” said Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office Andrei Iancu. “Some of the greatest leaps humanity has made have been fueled by our greatest inventors, Americans who have changed the course of history with their brilliance and dogged perseverance.”

“The U.S. patent system serves as a reminder that our nation values and continues to be built by those who are willing to take risks, challenge traditions, push the boundaries of convention, and test new limits in design and thought,” said Commissioner for Patents Drew Hirshfeld.

Patent 10 million is the first to receive a new patent cover design unveiled by the USPTO during a special ceremony at the SXSW Interactive Festival on March 11, 2018. This is only the second change in the patent cover over the last 100 years. The new cover is a forward-looking, contemporary take on the significance of what the document represents.

This milestone of human ingenuity perhaps exceeds even the Founding Fathers’ expectations when they called for a patent system in the Constitution to “promote the Progress of Science and useful Arts.”

 For a detailed, interactive timeline highlighting important moments, notable inventors, changing patent designs, and other interesting facts over more than two centuries of innovation in America, please visit: https://10millionpatents.uspto.gov/.

 

 

ABOUT VICTORY STATE BANK

VSB Bancorp, Inc. (OTCQX: 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, including the main office in the community of Great Kills and branches in West Brighton, St. George, Dongan Hills and Rosebank.

A planned sixth branch, to be situated in Meiers Corners, has received both regulatory and building department approvals.

For additional information, Victory State Bank may be reached at 718-979-1100, or visited online at www.VictoryStateBank.com.

Media Contact: 

Relevant Public Relations, LLC

Headquarters: 718‑682‑1509

Mobile: 917‑715‑8761

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