CHASE CROWDSOURCES PHILANTHROPY

Chase has got $5 million to donate, and it's turning to Facebook for votes on which small and local charities should receive the money. The winner will get $1 million, five other charities will get $100,000 an each of the 100 finalists will be awarded $25,000 each. While the move's a smooth way to draw attention to its social media efforts, CEO Jamie Dimon says the "grassroots" nature of Facebook will allow the bank to hear directly which local charities matter most to Chase's customer "communities," enhancing the impact of the money.

 

CURRENSEE'S GOT ITS OWN CURRENCY

Forex social network Currensee is issuing its own virtual currency, which can be used for goods and services on the site. It's online marketplace allows members to shop services such a training, e-books, newsletters and forex trading tools from firms like Candlecharts.com, the Hansen Finance group and FX Tech Strategy.

 

REJECT 'REJECTED ACH TRANSACTION'

NACHA's issued a warning about a new e-mail scam designed to fool small businesses into downloading password-stealing software disguised as an ACH transaction report. The email's subject line reads "Rejected ACH Transaction,' and includes a link that redirects the victim to a phony NACHA Web page in which users download a report which actually has a copy of the Zeus/Zbot Trojan.

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