Automatic card reissuances might be a knee-jerk reaction.
Here are 10 tips and strategies for helping members deal with card fraud in the year ahead.
Credit union members who opt into fraud text alerts receive texts asking them to verify or report a flagged transaction.
Once again, credit card issuers across the country have begun to assess the impact of a significant card data security breach at a major card processor.
The Members Group says prevention strategies will be different for every issuer after Global Payments Systems breach.
University of Iowa Community CU using tools from The Members Group for 2011 improvement.
First Data system being offered client credit unions and banks.
Sophisticated fraud schemes target community lenders, paper says.
Cardholders of credit unions using The Members Group as their processing provider now can choose to get text alerts about possible fraud attempts.
Messages give cardholder option of approving transaction or stopping it and alerting company fraud team.