Balanced and In MINT Condition  

July 2013                     Keeping You Linked In
   
SettleMINT EFT is proud to announce...
 
...our stats for our first 6 months of FraudNet 
 
What is FraudNet?  BillPay powered by Fiserv is using this  cutting edge fraud-detection system that identifies fraudulent bill pay activity in real time using a complete set of algorithms.  This state-of-the-art fraud-detection tool also helps credit unions meet FFIEC requirement to monitor suspicious activity on high-risk accounts.
  
If there is an alert that requires your attention, the SettleMINT EFT team will notify you via AnswerBook during one of the two time periods listed below.  Also listed below is the time they'll need your response on whether or not to process the transaction referenced in the AnswerBook Incident.
 
Between 8-9 AM ET (Respond by 2 PM ET same day)
Between 2-3 PM ET (Respond by 8 AM ET next day)
Note:  Cases will not be worked on weekends and holidays. 
 
It is extremely important that you respond to the SettleMINT EFT team via Answerbook by the times listed above as we cannot make the decision on your behalf regarding whether to process or stop the transaction.  If we do not hear from you with a decision by the times indicated above, then:
  • The payment will remain on hold for up to 5 business days
  • After that, the payment will be cancelled.  In which case the payment would not be delivered and the member could receive late fees/penalties.
Prevented Fraud 
Since the beginning of 2013 we have helped members prevent $1,108,501.98 worth of potential fraud!  Check out our numbers. 
  
 
Potential
 Fraud

Actual

Fraud

January$86,048.25$37,882.00
February$292,047.71$900.00
March$139,759.49$0.00
April$134,178.27$0.00
May$401,701.24$14,199.00
June$163,648.02$55,900.00
Totals:$1,217,382.98$108,881.00
  

 

 

  

SettleMINT EFT Solutions 

focuses on electronic payment product offerings.

  

We understand how important  ATM, Debit and Credit Card servicing, Instant Card Issue, Bill Payment and Shared Branching 

can be for your members.

  

We provide expert service for daily client support, product enhancements and EFT Conversions as well as consulting services.

 

 

   

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Click here for our website

 

 

CU*Answers Management Services

settleMINTEFT@cuanswers.com

800-327-3478