Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Texas Dow Employees CU upgrades fraud security
LAKE JACKSON, Texas (7/16/10)--Texas Dow Employees CU (TDECU) in Lake Jackson, Texas, Tuesday unveiled an upgraded fraud system called “managed real time.” The system operates with existing fraud technology and searches for suspicious spending behavior based on debit card use, Ron Wright, TDECU vice president of payment systems, told the Victoria (Texas) Advocate (July 14). The transaction gets blocked and a call is placed to the accountholder to verify a purchase if it gets flagged by the system, Wright told the newspaper. The transaction will go through once the member’s permission is granted. The new system operates in concert with existing security measures, which are akin to a putting up a set of transaction hurdles--monitoring and blocking charges that differ from typical activity regarding the amount spent, the type of merchant and geographic location, Wright added. The upgrade follows two weeks of unauthorized charges showing up on a handful of accounts of TDECU debit card holders, Luke Billeri, TDECU regional vice president of payment systems, told the paper. Since the additional security has been implemented by the credit union’s credit card department, no additional security issues have arisen, Ron Wright, TDECU vice president of payment systems, told the paper.
Other Resources

RSS





print
News Now LiveWire
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
52 minutes ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
1 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
1 hours ago
Pennies, nickels cost more to make than they are worth @usmint report http://t.co/FOT51DF8v2
2 hours ago
Strong biz lending leads 3Q loan growth at Minn. #creditunions http://t.co/DKYjyj6iC3
3 hours ago