RANCHO CUCAMONGA, Calif., and FRANKLIN, Mass. (7/17/15)--CO-OP Financial Services announced an enhancement to its card analytics tool that can help credit unions mitigate card fraud.
CO-OP Revelation, powered by Saylent’s Card360, provides detailed analytics that credit unions can use to distinguish member purchasing patterns and behaviors, and identify at-risk cards and merchant points-of-compromise in their portfolio. The credit union can then implement appropriate mitigation steps.
“Using CO-OP Revelation, credit unions have the robust analytics tool they need for sophisticated data analysis to help manage their card programs and engage their members,” said Stan Hollen, CO-OP president/CEO. “Enhanced fraud detection helps make sure that our clients stay ahead in what is a never-ending race against fraudsters.”
The new functionality provides two types of analyses:
“We wanted to bolster the fraud detection functionality in CO-OP Revelation to ensure that credit unions could rapidly identify possible fraudulent activity related to card-based payments and reduce the negative impact,” said Tyson Nargassans, Saylent president/CEO.