Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
TMG rolls out fraudrisk analysis service
DES MOINES, Iowa (3/13/09)--TMG (The Members Group) Wednesday rolled out its customizable Fraud and Risk Analysis program to help credit unions better manage credit and debit card fraud. In the program, TMG fraud experts use a custom process developed in house to analyze 12 months of a credit union's fraud cases to pinpoint where fraud is originating. They then make recommendations and help implement new fraud strategies to minimize future risk. In a beta test last year with Vermont State Employees CU based in Montpelier, the new strategies implemented stopped an estimated $20,000 in potential fraud loss for the credit union. According to TMG Cards Risk Senior Manager Karen Postma, the program is best with credit unions having a card base greater than 15,000 and having the flexibility to modify their fraud strategies. A typical program takes six to seven weeks to complete. TMG also recommends an annual analysis to stay on top for trends and to minimize risk exposure.


RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
4 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
6 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
6 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
8 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
9 hours ago