Fraud Archives - Member Access Processing

Call center fraud is on the rise – here’s how you can protect your credit union

Fraudsters are adaptable people. They’re smart and aware of changing trends in the payments industry. Because of this, it’s crucial that credit union managers stay current on the latest developments in fraud trends and make changes to their institutions as needed.

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Cardless ATM withdrawals aren’t immune to fraud

As financial technology evolves, it’s important that credit unions keep up with the changes so they can continue to offer their members convenient, timely products and services. However, implementing new technologies at the right time is crucial.

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Credit unions must keep their security measures up to date

Hackers are a very real threat to any consumer. They have the knowledge to infiltrate systems and steal information and money from complete strangers. Security professionals have the resources to keep hackers out, but these criminals are intelligent. When an update comes through, they are the first to begin figuring it out and finding ways

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5 ways to reduce risk of cyberattacks at your credit union

As more consumers rely on mobile and online banking, it’s crucial that financial institutions prioritize cybersecurity. Credit unions and banks that don’t stay up to date on the latest security measures don’t just put their business at risk – they also jeopardize the personal and financial information of their members.

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Credit unions must keep their security measures up-to-date

Hackers are a very real threat to any consumer. They have the knowledge to infiltrate systems and steal information and money from complete strangers. Security professionals have the resources to keep hackers out, but these criminals are intelligent. When an update comes through, they are the first to begin studying the new features and finding

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False positives are becoming a problem in the payments industry

Consumer security is a top priority for financial institutions across America. At a time when emerging technologies allow consumers to make purchases in any number of ways, having confidence that transactions are being made securely without any information being shared is important.

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Knowing the difference between fraud and legitimate transactions

One of the topmost priorities of any credit union is to keep members’ personal and financial information safe. But in the age of technological advances and constant connectedness, this isn’t always easy.

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The threat of ransomware at a credit union

Keeping member information and savings safe is a top priority for credit unions. Members trust their financial institution with their most valuable resources: their earnings and life savings. Falling victim to a ransomware attack would not only cause a credit union to lose money, but also their members’ trust.

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Alternative fraud increases with EMV

EMV technology is designed to reduce point-of-sale fraud. The shift that took place in the U.S. last year urged merchants, credit unions, banks and other credit card issuers to adopt the technology to help keep members and consumers safe.

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Technology is improving in fight against fraud

A little more than five months ago, businesses across the U.S. faced a deadline that changed their point-of-sale process. The introduction of upgraded EMV-compliant payment terminals meant liability for fraudulent charges shifted to noncompliant retailers.

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