LINDEN, N.J. (7/25/12)--Integrated Media Management (IMM), a document output management and automation technology provider, and Advanced Fraud Solutions (AFS), which specializes in preventing check and plastic card fraud, have partnered to help financial institutions to better counter transaction fraud at the teller line.
The collaboration merges IMM's Teller Item Capture with AFS' TrueChecks, giving financial institutions advanced notification of potentially fraudulent transactions in real time.
IMM clients will also receive AFS' DEPOSIT CHEK service from Early Warning, a fraud prevention and risk management tool that instantaneously analyzes demand drafts and issues alerts upon image capture to provide frontline personnel with up-to-date account and item information. The real-time warnings help to prevent losses from returned items, counterfeiting and other fraud schemes by allowing the financial institution to place extended holds on deposits.
DENVER (7/25/12)--CO-OP Member Center, a subsidiary of CO-OP Financial Services, is partnering with mortgage services provider LenderLive Network Inc. to help credit unions outsource mortgage lending.
LenderLive's relationship with CO-OP Member Center provides CO-OP members with comprehensive and component services that are private labeled and geared to enhance the credit union's member relationships. Credit unions will have access to a conforming loan purchase program to provide members a multi-product environment. LenderLive also brings title services in 50 states for origination and default management.
CO-OP Member Center, based in Fort Worth, Texas, provides credit unions with a portfolio of 24/7 member, lending and inbound call services. The telephone and Internet call center supports roughly 300 credit unions, including nearly 40 clients with assets exceeding $1 billion.