Why would the FDIC guarantee deposits up to $100,000 if this was an identity scam? It is more likely I think that the requirement for such a guarantee is that they must know exactly who you are.
Your implied assertions about this company lack an understanding of the context of money in the US these days. If you are afraid then don’t use them. Bashing in your way is, in my opinion rather unfair.
Have you contacted the company? Did they respond? If so you should publish it here.
Thank you,
Ted

Ted:

I’m not sure your comment was for this entry, but if it was, I don’t see you point at all!

The FDIC guarantees deposits – SoftCard is not a bank.

I made NO implied assertions at all; I simply stated that the company was collecting PII and credit card information on an insecure web page. Nor do I see how this has anything to do with my understanding of money. Money isn’t part of this.

Bashing – Where? How?

Contact them? Yes – read the post. I called it to their attention in January – they had not responded or corrected the problem in May when this post was made.

Did they respond? No – but read the update. The page was removed and they gave an explanation to Breach Blog.

Your implied assertions about this company lack an understanding of the context of money in the US these days. If you are afraid then don’t use them. Bashing in your way is, in my opinion rather unfair.

Have you contacted the company? Did they respond? If so you should publish it here.

Thank you,

Ted