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:: HOME :: MERCHANT SERVICES HEADLINES :: ARCHIVE :: MAY 2008 ::



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Compliance drives credit union to catch online bill payment fraudsters
Monday, May 12, 2008

As the nation's largest credit union service organization representing more than 500 credit unions, PSCU Financial Services makes fraud prevention a priority.

The nonprofit member-owned cooperative provides a variety of services, including credit and debit/ATM card processing, online bill payment, and contact center support. With fraud prevention a corporate-wide initiative for PSCU-FS, the organization aims to make sure its credit unions and their members are protected by the latest anti-fraud technology, said Leslie Reistrup, director of eServices.

That corporate directive, along with wanting to make sure its clients were compliant with the Federal Financial Institutions Examination Council's multi-factor requirement for online banking, led PSCU-FS to deploy Fiserv's CheckFree FraudNet automated fraud detection and case management system.

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