Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Allegacy receives patent for card fraud measures
WINSTON SALEM, N.C. (10/13/11)--Allegacy FCU, a $928 million asset credit union in Winston-Salem, N.C., has been assigned a patent developed by Dean A. Adams, Winston-Salem, N.C., for a “bank card fraud detection and/or prevention methods.” The patent involves setting a threshold for card transaction frequencies--which if exceeded, could indicate potentially fraudulent card activity. The patent application was filed Dec. 13, 2007 (Targeted News Service Oct. 12). The abstract of the patent published by the U.S. Patent and Trademark Office states: “Bank card fraud detection and/or prevention methods can generally involve determining a common point of compromise and/or identifying merchants associated with bank card transaction frequencies which exceed a predetermined threshold value which is indicative of potentially fraudulent bank card activity. These methods can further involve identifying other bank cards used at the common point of compromise.”


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
1 Day ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
1 Day ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
1 Day ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
1 Day ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
1 Day ago