LATHRUP VILLAGE, Mich. -- On Sept. 20, Michigan First Credit Union is sponsoring the Better Business Bureau's local Secure Your ID Day.
The event will take place at two Michigan First branches and business and consumers are invited to bring paper documents containing personal and sensitive information to shred. Participants can have up to four boxes of documents shredded for free by Shred-It Inc.
"It is very important to us to help people keep their identities safe," said Michael Poulos, president/CEO of Michigan First. "This event allows us to not only help metro-Detroiters safely dispose of important documents but also educate them on other ways to secure their financial well-being. Throughout the year, we conduct seminars at our headquarters on ID theft, credit awareness, home buying and more to help members remain financially healthy."
All the paper that is shredded will be recycled. The Better Business Bureau held a Secure Your ID in May and shredded more than 45,800 pounds of documents. Anyone who exceeds the no-charge four bags or boxes limit will be charged $10 per bag or box and the fees will be donated to the BBB Educational Foundation, which provides consumer education material and programs to the public.
PSCU Officer To Address Fraud Meeting
ST. PETERSBURG, Fla. -- Steve Ruwe, PSCU Financial Services risk officer, will give a presentation about ways to detect fraud in online bill payment transactions at the BAI Combating Fraud Conference.
The conference is scheduled for Oct. 20 at the Gaylord National Resort and Convention Center in National Harbor, Md.
Ruwe's presentation will discuss how PSCU has achieved a 97% fraud detection rate for the 2.7 million bill payments generated by their members each month. Ruwe will identify the key metrics used by PSCU to identify suspicious payments and present the important of the human element in successful fraud detection and prevention.
"It's important for credit unions to be able to catch fraud before it happens to their members," Ruwe said. "While some organizations focus on technology alone, we believe the most effective deterrent requires both a highly trained, dedicated fraud team and industry-leading technology."
PSCU uses FraudNet technology to detect and prevent fraud. FraudNet collects information from all participating network partners and compiles Social Security numbers, e-mail addresses, account numbers and other data related to attempted or successful fraudulent activities to create a database that gets more comprehensive each time it is updated.