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TMG Hosts Card Fraud Prevention Webinar Today

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DES MOINES, Iowa (4/18/13)--The Members Group (TMG) will host a free, hour-long webinar, "The Fight Against Card Fraud--ROI Knockout," at 1:30 p.m. CT today.

The webinar will help card teams and others understand which fraud prevention and detection strategies provide the greatest return on fraud investment.

"Because fraud trends are constantly changing, the battle against card fraudsters continues to escalate," said Karen Postma, TMG client service director and webinar host. "Now, with the U.S. migration to [Europay-Mastercard-Visa] on the horizon, credit unions and community banks need to adjust their strategies to combat new and emerging risks."

Among the topics to be addressed during the presentation, include:

  • Changing trends in fraud schemes and tactics;
  • Effective fraud prevention and detection strategies for financial institutions; and
  • Fraud investment return on investment calculation, with recent TMG client results.
To register for the webinar, use the link.

Ensenta Receives Patent For CO-OP Check Imaging Software

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REDWOOD SHORES, Calif. (4/18/13)--Ensenta Corp., a remote deposit capture software provider, has been issued a patent for risk mitigation software widely employed by credit unions through the CO-OP My Deposit check imaging suite.

"CO-OP Financial Services congratulates Ensenta on the Patent Office's decision to grant this patent," said Stan Hollen, CO-OP Financial Services president/CEO and a member of Ensenta Corp.'s board of directors. "It affirms our business partner's significant research and development efforts over the last 10 years, and the high quality of base technology available to credit unions through product providers such as CO-OP."

The Ensenta software helps protect credit unions from accepting fraudulent check images in remote deposit applications. The software evaluates the images based on 150 qualities--too dark, too light, check number location and so on--to ensure authenticity. The credit union member benefits because the checks they deposit can be cleared in real-time. 

Ensenta sought the patent to protect its intellectual property, provide additional client confidence in the technology and enable it to more vigorously promote product features and benefits.

The Ensenta software is used in the CO-OP My Deposit remote deposit check imaging suite, which includes CO-OP My Deposit for individuals and small businesses; CO-OP My Deposit Mobile for mobile device usage and CO-OP My Deposit Branch for back office processing.