Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
TMG adds fraud prevention product
DES MOINES, Iowa (7/15/10)--The Members Group (TMG), Des Moines, Iowa, has added the Visa Risk Manager to its fraud prevention services for clients participating in Visa programs. With Visa Risk Manager, credit unions can create fraud cases and decline suspicious transactions in real time. The tool is customizable and allows for rule creation at the account level and for a specific timeframe, giving credit unions the ability to fine-tune their fraud prevention methods based on individual cardholder needs. Visa Risk Manager, with Visa Advanced Authorization, allows credit unions to decline only the highest risk transactions while optimizing approval rates at the point of purchase. That means reduced risk exposure for credit unions and the freedom for cardholders to use their Visa cards in more places. Credit unions also can evaluate proposed fraud strategies within minutes, using their own historical data to provide an accurate assessment of rule performance. “We know that a one-size-fits-all approach to fraud prevention doesn’t work,” said Karen Postma TMG cards risk senior manager. “This extra level of protection gives our clients options and a layered approach to fraud prevention that will dramatically improve response time and guide their evolving strategies.” TMG will provide the tool at a number of service levels, depending on the client’s specific fraud prevention needs.


RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
1 Day ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
1 Day ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
1 Day ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
1 Day ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
1 Day ago