MADISON, Wis. (5/8/12)--Close to 1,500 participants have signed up already for a free CUNA Mutual Group (CMG) Plastic Card Fraud webinar, to be held Wednesday. Registration is still open.
The hour-long session, scheduled to begin at 10 a.m. (CT), will feature presentations by Ann Davidson, risk management consultant for CUNA Mutual Group, and W. Joseph Majka, of Visa's Cyber Security & Investigations division.
Plastic card fraud continues to threaten credit unions and their members and the CMG webinar is designed to help policyholder credit unions stay up to speed on plastic card fraud and the ever-changing related technology.
The session will identify trends associated with the cards/data breach landscape, identify the impact of breaches on credit unions, and introduce steps credit unions should take to stay aligned with innovations in card and chip technology.
Use the resource link to register.
MARLBOROUGH, Mass. (5/8/12)--The Massachusetts Credit Union League is offering RateWatch, a mapping tool that provides access to deposit and loan interest rates nationwide.
The service is being provided to Massachusetts credit unions in collaboration with the league and RateWatch.
Ratewatch offers a national database of data from more than 90,000 branches for deposit data and more than 40,000 branches for loan data. Users can conduct research by address, ZIP code, or city and state, and narrow search results by filtering for institution type, product type, and rate.
Additional information, such as website and number of locations for each displayed institution, is also available.
ST. JOHN'S, Newfoundland (5/8/12)--Verafin Inc., a provider of fraud detection and anti-money laundering software, has redesigned its Currency Transaction Reporting (CTR) and Suspicious Activity Reporting (SAR) modules to support the Financial Crimes Enforcement Network's (FinCEN) updated reporting requirements.
Verafin is a CUNA Strategic Services provider.
It also updated some features of the modules to improve the user experience, the company said.
With updated e-filing requirements coming into effect in July 2012 and a March 2013 deadline for the new report formats, Verafin has completed successful submissions to the FinCEN test site.
"Our approach has always been to help our customers stay a step ahead of both regulatory requirements and the latest trends in financial crime," said Rob Norris, Verafin product management director. "From recent advances in our software such as automated Common Point of Compromise detection and online banking fraud detection to having our customers ready for the updated CTR and SAR e-filing requirements, we always push to ensure our software meets our customers' needs."
Verafin also improved reporting features to enhance ease-of-use and user efficiency, the company said.
The company is offering a free webinar demonstrating the updated features at 12:30 p.m. (ET) May 16. To register, use the link.
Verafin also announced it had surpassed more than 800 customers.