Market Billing - IW Subsciptions - ProPay Unauthorized debit from my checking account by bogus subsciption company/propay stolen records Nicosia, Cyprus

I am a member of ProPay's communications team, and can shed some light on this issue. ProPay has recently become aware of what appears to be a large international fraud scheme involving unauthorized electronic checks. To be clear, after internal and external analysis and investigation, ProPay is extremely confident that the stolen bank information came from other sources and not from ProPay. ProPay has an ongoing effort to monitor its systems and continues to be confident in its system security.

The company will be issuing a complete statement on this ACH Fraud Scheme tomorrow, January 2, at www.propay.com. I would invite you to check it out for full information on how to protect yourself and what to do if you've been affected.

Thanks for the reminder that consumers should always monitor accounts for signs of any potential unauthorized activity.

ProPay has investigated, and will continue to investigate, these and any other fraudulent transactions thoroughly. We have and continue to monitor our systems and remain confident of our system security.

ProPay takes data security very seriously and works hard to protect our customers' information. ProPay's systems fully encrypt client sensitive information in storage as well as in transit. In addition sensitive client information is masked when it is viewed internally or externally. So, hypothetically, if there was security breach into our servers, the information would only reveal a jumble of symbols, numbers, and letters, or simply a string of x's that in no way reflect the actual account number.

In addition to encrypting your data, ProPay has also successfully completed a rigorous assessment based on the PCI Data Security Standard (PCI DSS). For proof, please see the following link:

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Kim told ProPay users to beware their checking account. Actually, everybody should beware. Thousands of consumers who are not affiliated with ProPay in any way (both in the U.S. and internationally) have also unfortunately been victims to these unauthorized debits to their personal checking account. So although it is true that some ProPay users

Finally, this issue has affected only a handful of ProPay users relative to our total number of customers. Out of over 1 million merchants, a very minimal percentage have been affected. If our servers had been compromised, we'd have hundreds of thousands of our merchants being compromised. That just hasn't happened.

Kim did give some very good advice in her report about what steps to take if your checking account has been compromised. I would recommend it to you as well.

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