CU24, an operator of credit union-owned ATM and POS network, has selected FICO’s fraud management solution, called FICO Card Alert Service, to monitor ATMs and POS devices in the US.
The new solution will be deployed at CU24’s network of over 325,000 ATMs and POS devices. It will send alerts instantly when device compromises are detected.
CU24 vice president of operations and product management Christopher Poole said: "By working with FICO, we will be making America’s credit unions safer for millions of members.
"No other service can trace fraud on millions of cards back to compromised ATMs, and help us shut down and repair compromised ATMs and POS devices quickly."
FICO vice president of fraud solutions TJ Horan said: "We can detect fraudulent ATM transactions and track the card use back to compromised ATMs and POS devices, determine when the compromises took place, and tell card issuers which of their cards may have been compromised by the device."