GREENSBORO, N.C. — In what it describes as a "dramatic success story" of combating counterfeit check and plastic fraud, the North Carolina Credit Union League went public last week with formation of a new CUSO that reportedly is saving bundles for CUs in North and South Carolina.
Officials with the CUSO, Advanced Fraud Solutions, forecast hundreds of CUs in the U.S. will start using the service in the months ahead based on a track record that includes a $4.2 million, two year savings on counterfeit checks at the $1.1 million Allegacy Federal Credit Union of Winston-Salem.
In another testimonial of applying the software technology, the $21 million Health Facilities Federal Credit Union in Florence, S.C. said it saved $4,400 on the first day of installation after branch queries
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
