TMG Helps FIs Fine-Tune Fraud Prevention with Visa Risk Manager
(Des Moines, Iowa – July 13, 2010) – Des Moines-based The Members Group (TMG) is announcing the addition of Visa Risk Manager to its fraud protection services for clients participating in Visa programs.
Visa Risk Manager is a fraud prevention tool allowing financial institutions (FIs) to create fraud cases and decline suspicious transactions in real time. By integrating the tool with its outbound call center, TMG improves its case management services, helping its card-issuing clients protect cardholders from attacks by fraudsters even more quickly.
The tool is highly customizable and allows for rule creation at the account level and for a specific timeframe, giving FIs the ability to fine-tune their fraud prevention methods based on individual cardholder needs.
Visa Risk Manager, in combination with Visa Advanced Authorization, allows FIs to decline only the highest risk transactions while optimizing approval rates at the point of purchase. That means reduced risk exposure for FIs and the freedom for cardholders to use their Visa cards in more places.
Visa Risk Manager enables FIs to evaluate proposed fraud strategies within minutes, using their own historical data to provide an accurate assessment of rule performance.
“We know that a one-size-fits-all approach to fraud prevention doesn’t work,” said Karen Postma TMG cards risk senior manager. “This extra level of protection gives our clients options and a layered approach to fraud prevention that will dramatically improve response time and guide their evolving strategies.”
TMG will provide the tool at a number of service levels depending on the client’s specific fraud prevention needs.
About TMG
TMG is a wholly-owned subsidiary of the Affiliates Management Company, which is owned by Iowa credit unions and their members. As a financial and credit union service organization (CUSO), TMG is dedicated to providing innovative and flexible card processing and payment solutions to credit unions and financial institutions across North America. TMG’s core products include credit, debit, ATM and a variety of ATIRA-branded prepaid solutions, as well as online reporting, ACH and ALM services. For more information, visit www.TheMembersGroup.com.
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For More Information:
Kelly Moore (for TMG)
515-720-9670
pr@themembersgroup.com
