Credit unions receiving card processing and payment solutions from The Members Group can now take advantage of DefenseEdge, the newest fraud prevention tool from Atlanta-based payment processing service provider First Data.
The CUSO's adoption of DefenseEdge allows its CU and community bank clients to detect fraudulent payment card transactions in real time, even based on non-monetary actions such as a change of address request or PIN number change, TMG said.
DefenseEdge can also be customized to identify suspicious activities that relate to specific types of fraud, such as bust-out fraud, the Des Moines, Iowa, company said.
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.
Already have an account? Sign In Now
© 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.