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TMG Implements First Data DefenseEdge
DES MOINES, Iowa (2/21/12)--The Members Group (TMG) has implemented First Data's DefenseEdge tool to speed detection of card fraud attempts.

Karen Postma, TMG senior cards risk manager, said DefenseEdge quickens the process of identifying and neutralizing card fraud attempts by enabling more precise rule setting so fewer transactions require investigation by a card analyst.

DefenseEdge can identify non-monetary actions that represent a fraud risk, such as requests to change an address or personal identification number (PIN). TMG's fraud detection system then makes this information available on demand.

Financial institutions can also use DefenseEdge to respond to fraud patterns such as "bust-out fraud," which occurs when a criminal opens multiple credit accounts with the intention of spending to the credit limit and then disappearing. For example, DefenseEdge can help counter this activity by counting the number of invalid CV2/CV attempts within a specific timeframe, with a block placed on accounts that exceed this threshold.

DefenseEdge is available to all TMG debit and credit clients.


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