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CSCU FIS offer new card fraud solution
JACKSONVILLE and CLEARWATER, Fla. (2/4/08)--Card Services for Credit Unions (CSCU) and Fidelity National Information Systems (FIS) will offer Compromise Manager, a new card fraud solution. Compromise Manager allows credit unions to delay blocks or specify a date to begin blocking; mitigate losses through timely blocking; reduce the administrative costs of staffing; provide for account actions online or data mining offline; and automate compromise notifications to cardholders. “We know that plastic card fraud is a growing concern, but we also know that fraud is manageable, and that credit cards still have the highest return on assets of any loan opportunity for credit unions,” said Robert Hackney, CSCU president. Fraud prevention is becoming a critical focus at smaller financial institutions, added Tony Ficarra, executive vice president of e-Business Services for FIS’ Integrated Financial Solutions division. CSCU has more than 3,200 member credit unions with more than 12 million Visa and MasterCard accounts. FIS is a core processor for financial institutions, including credit unions.
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