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Microsoft Fights Financial Fraud with Educational Resources

Aimed at military service members

By Marius Oiaga, Technology News Editor

12th of November 2008, 10:03 GMT

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In the context of the worldwide financial crisis, Microsoft is committed to arm military service members in the US with knowledge, when it comes down to steering clear of predatory lending. Via MSN Money, the Redmond giant aims to deliver a set of educational resources, designed to train military service members and their families with regard to the financial scams tailored especially for them. According to the software company, which is collaborating with MoneyTrack on this initiative, a total of three episodes will be made available via MSN Money.
“In today’s military, financial troubles have become an issue of national security, because they can keep service men or women from being deployed overseas,” explained Pam Krueger, the creator, co-host and executive producer of “MoneyTrack.” “It’s crucial that members of the military get the information they need to avoid financial scams specifically targeting them.”

Microsoft has worked with MoneyTrack before. As of April 2008, the duo released Scam Alerts educational video resources, also via MSN Money. The latest development in the collaboration is, however, focused exclusively on military service members. According to MoneyTrack, predatory lenders are focusing on persons working for the US army, because of their steady paychecks and increased need for quick cash.

In the end, all that Microsoft is doing is to attempt to provide sufficient information to people that are in need of cash, so as to help them avoid financial scams. At the same time, the Redmond company promises that alternatives to borrowing money will be provided.

“We are thrilled to have another opportunity to expand our relationship with ‘MoneyTrack’ and offer this new series to our MSN Money users,” said Chris Jolley, group manager of the Financial Products Group at Microsoft. “These segments help arm those in the military with the knowledge they need to avoid becoming victims of financial fraud.”

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 MSN | MSN Money | Microsoft | MoneyTrack
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