MURRIETA, Calif. (1/29/09)--CUTEK, a financial technology development and consulting firm for credit unions, announced a new Compromised Account Management System (CAMS) alert solution. With the solution, credit unions can:
* Receive one or more alert files; * Process CAMS alert files and place a “note record” on all matching cards in the database; * Process any previous CAMS alerts with options to block cards that were not previously blocked, re-order new cards that were not previously re-ordered or generate a file for notices; and * Run the software on any account with a pending block or reorder--due to a CAMS alert--to immediately block or reorder one or more cards on the account.
When credit unions receive CAMS alerts, they usually must track the alerts for each card, block compromised cards, re-order new cards and notify members, CUTEK said. Credit unions recently signing up for the solution include:
* Clackamas FCU, Oregon City, Ore.; * FAA First FCU, Hawthorne, Calif.; * Technology CU, San Jose, Calif.; and * Silver State Schools Family CU, Las Vegas.