PSCU’s efforts to detect and prevent payment card fraud on behalf of its more than 800 member-owner credit unions yielded a fraud loss savings to its credit unions of more than $100 million in declined fraud transactions over the past 12 months, the company reported this week.

In addition, the St. Petersburg, Fla.-based CUSO said use of custom fraud detection strategies, analytics and proactive account tagging and monitoring has delivered a fraud-to-sales loss ratio of 6.25 basis points or $0.0625 fraud per $100 in sales over that period, significantly lower than reported industry averages of between 11 and 14 basis points.

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