Presenting the Brute Force BIN Attack Checklist from AuditLink and SettleMINT

On Presidents’ Day 2020 and during the weeks that followed, several CU*Answers clients experienced brute force attacks on their ATM, debit and/or credit card BINs.  The losses suffered were, in some cases, up to six digits.  This prompted Jim Vilker, VP of Professional Services and Heather French, VP of Client Interactions take a deep dive and research how they happened as well as what steps credit unions should consider in order to mitigate these losses.

Together, Jim and Heather released a white paper, which can be viewed here.  They went on to hold their first discussion with credit unions via webinar in July, with a follow-up session that was hosted in December.  Click here to view a recording of the webinar.

Staying engaged as we approach the 1 year mark, Jim and Heather are releasing a new Brute Force BIN Attack Checklist – a PDF copy is attached to this email for your convenience.  This checklist is designed to document what Jim and Heather have learned, and will help you be proactive in monitoring your BINs and detail the proper steps to take if you believe you are experiencing an attack.

Additionally, Jim and Heather will be hosting a webinar on Thursday, February 11th, where they will discuss risk management for debit and credit cards and what credit unions can do to protect themselves.  Click below to register today!

Thursday, February 11th

3:30 – 4:00 PM ET

Register Today

A Note from SettleMINT: Price Increase for Payveris Products and Services, Plus Transaction Rate Increase

A Note from SettleMINT: Price Increase for Payveris Products and Services, Plus Transaction Rate Increase

Attention Payveris Bill Pay Credit Unions Paymentus has informed us that they will be implementing a price increase for clients using Payveris bill pay and P2P products.  All Payveris products and services will see a 3% price increase, effective July 1st, 2023. Attached to the associated email is a document which details the updated pricing… Read more »

Mar 7, 2023

Join Us for a Conversation on Bill Pay/P2P: Fraud Best Practices

Join Us for a Conversation on Bill Pay/P2P: Fraud Best Practices

SettleMINT EFT invites you to join us for a Conversation on Bill Pay/P2P!  During our first session, we will discuss best practices for addressing fraudulent activity.  Topics discussed will include: How fraudulent activity via Bill Pay/P2P is discovered Best practices for catching fraudulent activity Annual reviews Fraud monitoring systems (Fraud Net, Paywatch, etc.) Recommendations presented… Read more »

Feb 15, 2023

Join Us for a Conversation on Plastics as We Discuss Brute Force BIN Attacks

Join Us for a Conversation on Plastics as We Discuss Brute Force BIN Attacks

Join the SettleMINT team for a Conversation on Brute Force BIN Attacks!  Our inaugural session will be hosted via Zoom and will feature special guest Jim Vilker, VP of Professional Services with AuditLink.  During this kickoff meeting, we will discuss: How Brute Force BIN Attacks are discovered Recommendations for mitigating risk at the vendor or… Read more »

Feb 15, 2023

Gain a Clearer Picture of Your Online Credit Card Portfolio

Gain a Clearer Picture of Your Online Credit Card Portfolio

Online Credit Card Portfolio Profitability is a FREE download for Microsoft Excel that serves to assist your credit union in calculating your monthly credit card income, expenses, and overall profits.  The process is super simple to complete, using data from CU*BASE dashboards and reports.  This fast and convenient tool is easy to add to your… Read more »

Dec 20, 2022

CU*Answers assists Michigan United CU in converting credit cards from merger with Metro North CU

The CU*Answers SettleMINT EFT Team converted 1,166 credit card loans for Michigan United Credit Union to the CU*BASE online credit card platform. This conversion brings over the Metro North CU portfolio that Michigan United acquired in their merger and combined with their current online portfolio. “A major benefit for credit unions moving to the online […]

Aug 17, 2022

CU*Answers assists County City Credit Union in converting their credit card portfolio on CU*BASE

The CU*Answers SettleMINT EFT team converted 503 credit card loans for County City Credit Union to the CU*BASE online credit card platform. County City Credit Union, located in Jefferson, WI brought their credit card portfolio in-house. “Real time payments and disbursements within It’s Me 247 are just a couple of the benefits for credit unions […]

Jul 22, 2022