clipped from: www.paymentsnews.com   

To protect members, Wesabe designed the add-your-bank feature in a way that eliminates any possibility of fraud or phishing. When a member enters in a new bank name and website, the new bank is only added to their individual list, not the main Wesabe database. Prior to adding the new institution and website to the master list where other members will see it, Wesabe carefully verifies the validity of the bank and the website address. In this way, any attempt to send members to a fraudulent website will be immediately detected and thwarted.