links for 2010-11-02

The source says Vantage Credit Union recently launched its tweetMyMoney product on Twitter. By texting the credit union, customers are able to access their account balances, transfer money or keep an eye on any held or cleared checks. The bank then uses Twitter's direct message feature to send back a reply so the tweet isn't posted to the entire community.

The bank has also implemented new security features by adding authentication codes at the end of messages to help prevent fraud. "It's no different than the kind of information being transmitted on ATM receipts," Mark Schwanhausser, a senior analyst at Javelin Research, told the source. "It's not something that would be easily picked up by someone else and exploited."