Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
New solution addresses ACH fraud
CONCORD, Mass. (2/11/08)--Memento Inc. has introduced Memento Security, which aims to cut down automated clearinghouse (ACH) fraud. Memento Security identifies fraudulent activities including: identity fraud, kiting, reverse phishing, insider fraud and counterfeiting. The ACH network recently expanded to include more participants, which can increase risk. Risks include: increased credit, reputation and transaction; risks from non-recurring transactions and the growth of third-party payment processors that give financial institutions less visibility; new transaction types; and new network participants, the company stated. “The multitude of new payment types coupled with the explosive growth of electronic payments has opened up the ACH channel to numerous risks that [financial institutions] must take control of or they will lose more than just customers and credibility,” said BC Krishna, CEO and founder of Memento. Memento, a provider of risk, fraud and compliance solutions, has offices in the U.S. and overseas.


RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
16 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
21 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
21 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
23 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
23 hours ago