CUNA Mutual, PPS in Fraud Fight Together
MADISON, Wis. - CUNA Mutual Group has teamed up with Scottsdale, Arizona-based risk management provider Primary Payment Systems (PPS) to help credit unions reduce check fraud. The partnership comes in response to the continuing rising trend of fraud and identity theft. According to CUNA Mutual Vice President Al Stendahl, the pairing of the PPS suite of Early Warning solutions and CUNA Mutual's loss prevention solutions, which include focused risk management attention and front-line staff training, will provide credit unions a comprehensive approach to deterring check and identity-related fraud losses. "Using PPS' solutions for fraud prevention can positively impact a credit union's bottom line," said Stendahl. "These tools help prevent losses which results in a better bond experience rating. If a credit union's loss experience goes down, it improves its experience rating. And that translates into lower insurance costs."