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When one thinks about the major challenges and concerns that Credit Unions face today, protecting members from fraud most certainly comes to mind. That’s why Sharetec offers real-time fraud monitoring through its Fraud Alert system. This essential feature was created to work proactively, helping Credit Unions stay one step ahead of fraud while safeguarding their members.

Sharetec’s Fraud Alert system is always on the look-out, always searching for questionable, suspicious activity. And once a fraudulent situation is discovered―whether during a member transaction, search, batch posting, new member enrollment or application process―your Credit Union staff and your members will receive prompt notification. In the event of a change of address, suspicious activity is immediately reported, and a change of address notice is auto-generated and sent to the original mailing address to ensure that the change was initiated by the member.

Key features of Sharetec’s Fraud Alert:

• Fraud Alerts are based on a set of fraud conditions set up in the Fraud Alert control

• Alerts are Credit Union-defined and tailored to meet each institution’s level of need

• Fraud Alert Reports are available on a daily basis to report all fraudulent conditions

• Credit bureau integration provides extra security for members on active duty or those who have been identified as fraud suspects

• Fraud Alerts are linked to FinCen, OFAC and EFunds files to flag qualifying member records as needed

With Sharetec’s Fraud Alert system, you can rest assured that prompt notification will translate to security and peace of mind for your members. 

For a list of alert types, including Duplicate Data Alerts, Activity Alerts and Invalid Data Alerts, visit http://sharetec.com/back-office/fraud-alerts.