Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CUAnswers offers anti-fraud tips to CUs
GRAND RAPIDS, Mich. (6/25/09)--When credit and debit cards are compromised, credit unions are faced with numerous struggles. CU*Answers, a credit union service organization (CUSO) based in Grand Rapids, Mich., has provided a list of tips credit unions can follow to prevent problems if a data breach occurs. CU*Answers suggests that credit unions:
* Push their credit and debit vendor for automated solutions--There might be tools and options of which they are unaware; * Get a compromised card list electronically--An electronic version of a list of compromised card numbers is often available from a card vendor, instead of a fax; and * Review options for fraud detection--Take advantage of the way networks can monitor and flag potential fraud.
CU*Answers also noted that if provided a list of compromised card numbers, it can compare it against the credit union’s ATM, debit or online card database and return a report and database file of matching member accounts. The list can then be used with CU*Answers’ CU*BASE tools, including List Generator, Query or Member Connect. CU*Answers offers credit unions online banking, member check processing and direct deposit processing services.


RSS





print
News Now LiveWire
Registration now open for @CUNA @WOCCU summer conference in Denver July 12-15 http://t.co/opq1jypsXL #ACUC #CUinDenver2015
10 hours ago
Emergency loans post- #Blizzard2015 offered by @ScientFCU in Conn. http://t.co/U9tIBzPOZV
11 hours ago
Did you get your spot in the @CUCB #CherryBlossom 10 Mile Run? Check lottery results here http://t.co/6rxT0osyWJ @CU4Kids @CMNHospitals
11 hours ago
@FamilyFirstFCU has implemented a grant program through the FHLB of NY to help first-time home buyers.
11 hours ago
#BREAKING: @federalreserve offers few new hints on rate-hike timing in policy statement http://t.co/lgZ6zZ1Vrr
12 hours ago