Fraud Series Part 1: Learning the Red Flags of Payment Card, ACH, and Wire Fraud

About the Podcast

In this episode, you’ll hear from fraud fighting expert, Ann Davidson, about the trends of payment card, ACH and wire fraud, how to spot fraud before it happens, and tactical ways to put prevention measures in place.

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Preferred partner
Allied Solutions
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Key Takeaways:

  • [03:09] Credit unions need to identify, validate, and confirm what layers of security do we have in place.
  • [04:38] We need to look at daily dollar limits as we approve a credit card for a member today. Allow members to set a daily dollar limit and let the credit union know if they are going to do a big purchase.
  • [06:06] Daily dollar limits and number of transactions are two huge risk mitigation prevention tools.

Presented By

Ann Davidson
Ann Davidson

VP of Risk Consulting | Allied Solutions

With more than 40 years of diverse experience in the financial industry, Ann Davidson has become a nationally renowned expert in risk control and risk management. Ann has an impressive list of achievements and accreditations in the financial industry, which includes making notable article contributions to accredited financial publications and being a keynote speaker on a variety of risk management topics at hundreds of conferences and seminars nationwide.

Allied Solutions
Allied Solutions is the NAFCU Services Preferred Partner for Insurance- Bond, Creditor Placed (CPI), Guaranteed Asset Protection (GAP), Mechanical Breakdown Protection (MBP), and REFUND Plus®.

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