Fraud Prevention
With every new payment innovation come new ways for fraudsters to take what is not theirs.
As the speed of payments has moved from days to hours to milliseconds, and as the ability to pay has shifted from face-to-face to virtual across the globe, the importance of keeping payments safe for credit unions and their members has only become more challenging and more important. What’s more, as new payment methods proliferate, the need to keep older payment mechanisms secure does not go away.
As your partner in payment innovation, Catalyst is also an industry leader in fraud prevention technology. Digital payment platforms, including image capture for checks, must be secured with automation and smart tools that stay steps ahead of fraud. Through its own investments and strategic partnerships with industry leaders, Catalyst equips you with sophisticated fraud-prevention tools that do the hard work for you, keeping your members safe and your team focused on what matters most.
Catalyst provides strong security measures that enhance member safety while protecting your credit union from fraud risk.
- Real-time member alerts for unusual activity
- Deposit risk warnings
- Remote deposit capture real-time validation
- Real-time fraud manager neural network stops suspicious transactions prior to approval
Catalyst provides fraud detection and prevention across our entire portfolio of payment solutions. Piece meal fraud prevention allows fraudsters to find and exploit the least secure link in the security chain. By enabling robust fraud controls across wires, ACH and image deposits cohesively, would-be hackers are locked out more completely, without a weakest link to exploit.