FLEX, a credit union core processor, integrates with Advanced Fraud Solution for check fraud prevention.

(Newswire.net -- October 27, 2016) Sandy, Utah -- FLEX CREDIT UNION TECHNOLOGY SELECTS ADVANCED FRAUD SOLUTIONS TO INTEGRATE INDUSTRY-LEADING CHECK FRAUD DETECTION SOLUTION WITHIN ITS TELLER CAPTURE PLATFORM.

Industry-leading solution providers for the financial services sector join forces to combat check deposit fraud

FLEX announces a partnership to integrate its credit union core processing platform with Advanced Fraud Solutions’ (AFS) fraud detection tools. The partnership unites two industry leaders in the perennial fight against check fraud that continues to generate significant losses at credit unions across the nation.

A recent report produced by AFS found that while check volumes continue to decline, the exponential growth in online and mobile banking coupled with the adoption of EMV technology to combat plastic card fraud has helped breathe new life into fraud schemes involving paper checks.

FLEX customers will now be able to automatically screen checks presented at the teller line for fraud. In addition to detecting counterfeit checks, accounts with insufficient funds, and closed accounts, AFS’ solution helps financial institutions detect duplicate deposits previously made through remote deposit or mobile banking, which is a growing problem for the financial services industry as a whole.

“Check fraud continues to plague every financial institution, especially smaller institutions that may not understand the severity of the threat they face until they experience a loss,” says Lawrence Reaves, CEO of North Carolina-based AFS. “Our partnership with FLEX seamlessly embeds our award-winning fraud solution within the teller platform and provides credit union employees with the real-time information they need to make a fully-informed decision as to whether they should accept or reject a deposit. With less time spent processing routine deposits, tellers can refocus their efforts on improving the customer service experience,” adds Reaves.

To learn more about Advanced Fraud Solutions and their approach to fraud mitigation, click here. Visit FLEX Credit Union Technology to learn more about integrated credit union core system management.

About FLEX Credit Union Technology

In recent years, credit union industry personnel ranked FLEX Credit Union Technology first among competing vendors for customer satisfaction. FLEX now serves over 250 credit unions in locations across the country, including Alaska, Hawaii, and the Eastern Caribbean. The company enjoys established relationships with all regulatory agencies, corporate credit unions, and major industry partners.

About Advanced Fraud Solutions

Advanced Fraud Solutions has been a trusted leader in providing fraud mitigation tools to the financial institution market for nearly a decade. AFS products address a wide range of needs that the financial institution has, including check fraud, card fraud, and online banking fraud. Over 500 financial institutions nationwide utilize a wide variety of AFS fraud prevention tools, yet still subscribe to the idea that sharing high-risk information is the best approach to fighting fraud.

Contact Information:

FLEX:

Preston Packer

Director- Sales & Marketing

preston@flexcutech.com

800-262-3539

AFS:

Ted Kirk

Director, Industry Partnerships

tkirk@advancedfraudsolutions.com

336-703-5348 x510


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We all should be thankful on this Thanksgiving Day that one of the worst scams to hit the Lehigh Valley, and the nation, finally is on its way to being cooked.

Complaints about the IRS phone scam have dropped significantly in the past month or so. After three years, international detective work and technological advances finally have carved deeply into these turkeys' business.

The scheme isn't completely stuffed away yet, so remain vigilant. But it's certainly not as prevalent as it was.

The relentless calls started in fall 2013. Con artists pose as IRS and U.S. Treasury agents and threaten people with a lawsuit, arrest or grand jury investigation unless they immediately pay supposed tax debts.

The debts aren't real but the callers bully people into paying over the phone, usually with prepaid debit cards and iTunes cards. More than 9,600 people, including some locally, have lost a combined $50 million. A California man lost $136,000 when he was exploited repeatedly over 20 days, according to the U.S. Attorney General's Office.

I heard from hundreds of people who got the calls. Some were scared. Others were confused about whether the calls were legitimate. Many knew they were fraudulent and wanted to know how to stop them or where to report the scoundrels.

Nearly 2 million complaints about the scam have been reported to the Inspector General for Tax Administration. It's also the top scam complaint to the Better Business Bureau.

But it's been a month or more since I've heard any complaints. Reports to the inspector general and the BBB are way down.

That's because some of the people accused of making the calls have been locked up. Early last month, authorities in India raided a call center and charged 70 people with fraud. On Oct. 27, U.S. authorities announced that 56 others had been indicted; some of them in the states, along with five call centers in India.

"We are encouraged that our investigation, which resulted in the announced law enforcement action in late October, has had a significant impact on this criminal activity," inspector general's spokeswoman Karen Kraushaar told me.

At the peak of the scam, more than 30,000 calls were reported to the inspector general in a single week. That was down to about 1,000 in one recent week.

People still are being ripped off, though, and the inspector general recently learned of 40 people who lost money, Kraushaar said.

"It is extremely important that people remain vigilant and remember to hang up on callers who claim to be IRS or Treasury employees and make threatening calls demanding immediate payment," she said.

In about the past month, the Better Business Bureau's Scam Tracker website has received 91 reports of tax fraud, compared to 489 the previous month. While those figures include all types of tax scams, the vast majority are IRS scam calls.

"We are pleased with the drop and are looking forward to the day when we aren't getting any IRS tax scams reported," said Kelsey Owen, communications and public affairs director for the Better Business Bureau office that covers eastern Pennsylvania.

There are variations of these scam calls. Sometimes the callers are men. Sometimes they are women. Some calls are live while others at least start as robocalls. Callers often instruct victims not to tell anyone about what's going on and to remain on their cellphone while they are buying the prepaid cards to pay their supposed debt. The callers try to sound official, sometimes offering badge numbers and case numbers. But their foreign accents often give them away.

In addition to the arrests, technology also played a role in reducing the number of calls getting through.

As I reported in a recent column, a new technique being developed by phone and technology companies to block illegal robocalls stopped a substantial number of these scam calls during a test.

While this is all good news, I fear the fraud could catch a second wind. Schemes as profitable as this often morph into new ones. The Better Business Bureau also warned of that.

"We know from past experience that scammers are opportunists," Emma Fletcher, manager of the BBB's Scam Tracker, said in a news release last month. "Hopefully this crew won't be stealing from anyone again for a long while. But we will be keeping an eye on incoming scam reports so we can alert consumers what the 'next big thing' in scams turns out to be."

The IRS phone scam already was evolving prior to the raid in India. John Miller of Bethlehem Township told me he got several calls in late September from the "Office of Taxation" that followed the same script.

"I guess they gathered that everybody has figured out the IRS game so now they're trying a different name," Miller told me.

If you get an IRS scam call, you can report it to the Treasury Inspector General for Tax Administration (800-366-4484, www.tigta.gov) or the BBB Scam Tracker (www.bbb.org/scamtracker/us).

Protect yourself against scams by reading my previous Watchdog columns at www.mcall.com/watchdog. If you are targeted with a new scam, let me know and I'll warn others.

The Watchdog is published Thursdays and Sundays. Contact me at watchdog@mcall.com, 610-841-2364 or The Morning Call, 101 N. Sixth St., Allentown, PA, 18101. I'm on Twitter @mcwatchdog and Facebook at Morning Call Watchdog.

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Vision

We envision a society where women, particularly mothers, are able to achieve work-life balance – having a fulfilling career while making family a priority – and where women entrepreneurs are part of a vibrant community with a robust support ecosystem, enabling them to create successful businesses, especially enterprises which create a social impact.

Mission

Our mission is to empower women to obtain self-fulfillment and financial independence, build strong families, and benefit the economy and society at large, by helping them to start sustainable, socially-minded businesses. Our long term goal is to successfully introduce CRIB to other countries, especially developing nations, where entrepreneurship significantly impacts the lives of women at the bottom of the pyramid – many of whom are the main (or even sole) breadwinners for their families. We believe CRIB can give these enterprising women the opportunity, network and know-how to start viable, sustainable businesses as well.

Values

We help women entrepreneurs by:

1. Creating a community of like-minded women to form a support and business network,

2. Providing invaluable guidance and advice from our experienced and successful CRIB mentors,

3. Helping to obtain funding whether through government grants or private investors, and

4. Providing a database of trusted business resources and services

We recognize the significant contribution that women provide to the economy and to society, and we benefit the economy by helping women develop viable businesses, creating jobs, and increasing productivity

We create a community of understanding employers who are mothers themselves and thus, provide greater work-life balance oriented employment opportunities for other women and mothers-to-be

We want to change the mindset of society as a whole:

1. To recognize the importance and strive towards the creation of work-life balance,

2. To view being an involved mother while contributing financially to the family and society as a viable option, and

3. To increase the willingness of women to start families

We aim to help the women in CRIB build strong, loving family relationships; and where possible, contribute to an increase in Singapore’s Total Fertility Rate aka more babies!

We support businesses that are conducted responsibly, ethically and morally. In choosing businesses to support, we will have a preference towards social enterprises

Impact

CRIB fulfills a societal need. We aim to create successful women entrepreneurs with profitable and sustainable businesses. In so doing, we can help:

  • Individuals achieve fulfillment in their lives,
  • Strengthen families by providing mothers with work-life-balance, and
  • Benefit society by creating a positive mindset change, increasing economic output, introducing innovative businesses and social enterprises, and raising Singapore’s Total Fertility Rate
  • As a social impact business, CRIB endeavors to reinvest all returns towards sustaining and growing our operations, with a portion of finances channeled towards complementary social causes that benefit women entrepreneurs.

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    Cast Iron Boilers - DK2 Series

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    Successful devolution is all down to leaders.

    They need the time and space to focus on what they have to do and they need the skills to enable those around them to do great work.

    We recently carried out research into the leadership ingredients of successful devolution agreements. Public and private collaborations need leaders who have vision and great networks. Leaders have to focus on long-term, place-based plans that address economic and societal challenges in a sustained way.

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    At a recent devolution event, there was heated debate about whether the sector has the visionary leadership required to deliver the best outcomes. I’d argue that it will only exist if organisations make better use of the capacity that exists around them.

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    There are a lot of things to consider when you're looking for a commercial property. Finding the perfect property for your business can be difficult, so Bacall Development advise you to keep reading to help you search for the right one.

    Location can set a great difference to the kind of business you own. Not every business rely on location for the success of their business. If you depend on customer contact in a retail setting, then be in a place that is accessible to your customers because it could affect the success (or failure) of your business.

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    “A woman’s best protection is a little money of her own.” - Clare Boothe Luce

    Majority of women are independent individuals; thus they take charge of their money and manage their own financial stress. However, if you’re having a hard time doing so, online financial blog prepared some simple and easy tips on how to handle investment and your personal finance.

    Apparently, every woman in the world doesn’t want to get widowed or divorced; however, the possibility is there. You should always be prepared and learn to do everything yourself, especially handling your money. You should have a deeper understanding of financial investment because you don’t want to get into trouble with your personal finances, right? Everyone wants to reach her financial goals. It’ll be better to take charge of your money and make wise investment decisions at an early age. If you don’t have sufficient knowledge about personal finances, it’s only natural that you’ll fear investing money, plus the fact that you don’t want to make the wrong investment decisions.

    If the economy is unstable, a lot of investors get worried about their financial funds. However, when it comes to money management, women are usually more emotional than men.

    Studying each financial investment should be your first assignment. You should keep your worries and fears at bay. You can’t made the right financial decisions if you don’t understand the financial figures. In order to eradicate emotions from a decision and be more logical, it’s really important to understand your personal finances.

    Your second assignment will be determining your financial growth and progress. Focus on how far you’ve come instead of taking a look at where you want to be. Each year, make your own 3 to 5 financial goals, and at the end of the year, check to see if you’re still taking charge of your money. Your financial goals may include a raise or job promotion; increase your 401k contribution by 1% or lower your budget and save more. Each financial success is worth celebrating, just do your best and trust yourself.

    For your last assignment, identify where you would like to go financially. But first you should know how much money you have. Some women have no idea what they actually have for investments. A financial planner can be a huge help to you, and if you’re working with one, allow her to explain your investments until you understand them, regardless how long it takes. You need to understand what you’re paying for the investment; so always ask about the fees. If you do necessary research and understand them, you can manage your own investments very well. Research each fund on the web to make sure you’re choosing the best money management possible when you’re deciding your 401k allocation. Evaluating your time frame, financial need and investment risk tolerance are the basics of a solid financial plan.

    Some women just need a little push to discover what they’re capable of. Remember that having negative thoughts will only consume that little light of hope in your heart. You just need to understand the facts, your goals, the time-schedule, and your risk tolerance. You can establish a better plan if you have a deeper understanding on those things, and you’ll be in a better shape than you think. Move forward and reach your financial goals using this knowledge.

    Everyone is facing money stress, not just women. Financial disorder also makes even the experts wonder if their strategies are sustainable. Cope with the changes in the market and your new financial reality by developing a careful financial plan. This will put you ahead of the pack.

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    Reporting to the regionalhead, this newly created RiskManager headcount is responsible for all domestic/regional riskunderwriting with new on-board clients, as well as their subsequent risk ratingand analysis.

     

    My client is one of thelargest global payment service providers with an expanding operations in HongKong and the APAC region. In order to cope with the recent expansion, this RiskManager opening is created to focus on all merchants clients portfolio withinthe the Greater China region.

     

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    To apply, please click on theappropriate link. Alternatively, please do not hesitate to contact Dennis Chengon +852 2232 3442 for a confidential discussion. Please note only shortlistedcandidates will be contacted directly.

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    The Internet has helped to bring thiseagerness to reach out to others to its fulfillment -- especially in the fieldof medicine or medicalpractice, as it should be more properly called bythose who are charged with administering health care to the ailing patient.

     

    Medical practice is obviously a wide subjectand incorporates so many different aspects of health-care and variations ofmethods or approaches, from traditional, alternative and even emotional innature. The majority of people, however, depend on the general field of medicalpractice recognized by most societies and governments as the scientific andprofessional field of health-care provided by products of Schools of Medicineand are referred to as Doctors of Medicine (MD’s).

     

    The more common term “physician” has alsobecome synonymous with MD. To be a physician, in general, is to be qualified toprovide essential health care using methods recognized by most publicinstitutions as in keeping with accepted modern medical practices. This doesnot mean, of course, that ancient practices which have proven to be effectiveare without value in the modern medicalprofession. It only means that we have progressed tothe level of fine-tuning the human capability to provide health care and toalleviate the sufferings of millions of sick people. And the people tasked withproviding such highly-specialized skills also possess higher amounts ofpersistence, diligence and self-sacrifice than most people.

     

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    Just a call away, Rich Isaacs, who holds anAdvanced Certification in Head and Neck Oncologic Surgery, specializes inorbital, nasal, and maxillofacial surgery, as well as thyroid and parathyroidsurgery. Moreover, he is trained in Facial Plastic and Reconstructive surgeryand has an interest in post-tumor facial reconstruction and facial reanimationsurgery. Rich is within reach to anyone needing his field of specialization inSacramento, California where he holds his clinic.

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