The Members Group has announced that it has added a Visa risk manager to its fraud protection services.
The risk manager is a tool that will allow financial institutions to create fraud cases and decline suspicious transactions in real time. TMG combines the risk manager tool with its outbound call center to help clients protect cardholders from attacks quickly.
The tool is also customizable so financial institutions can adjust fraud prevention methods based on the needs of individual cardholders.
"We know that a one-size-fits-all approach to fraud prevention doesn't work," said Karen Postma, TMG cards risk senior manager. "This extra level of protection gives our clients options and a layered approach to fraud prevention that will dramatically improve response time and guide their evolving strategies."