The Members Group is now offering fraud text alerts to cardholders of its financial institution clients.

The Des Moines, Iowa, cards services company said the service is an opt-in offering and can be branded with the issuing institution's name.

Here's an example: ABC FI Fraud Alert: Please review the following transactions: 2010-04-20 – TARGET 303.33, 2010-04-20-Wal Mart 202.22, 2010-04-20 – Freds Bar n Grill 101.10, 2010-04-20 – NFM 90.99.  Are any of these transactions Fraud? Reply Y or N. To stop receiving alerts reply STOP.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.

Payments/Credit/Debit