Protect Against Fraud with PayWatch!

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PayWatch is an optional new service offered to your credit union from Payveris, CU*Answers’
newest bill pay partner!

Mitigate Your Credit Unions Fraud Risk

Frauds and scam activity is escalating. It can happen to anyone, anywhere at anytime and often starts with electronic payments. Help protect your credit union’s members fraud risk with Payveris’ new PayWatch service!

A Few Benefits PayWatch Offers:

  • Fully designed and supported by Payveris (not a separate 3rd party bolt-on).
  • PayWatch performed by your staff using the PASS administrative support tool.
  • Fraud transaction auditing is run hourly (commonly 1-2 times daily) with alerts immediately available for staff to review and decision accordingly.
  • Fraud tools included to alert staff to make an immediate determination on how to process flagged transactions.
  • Online alerts included for staff to easily monitor and flag today’s and previous alerts.
  • PayWatch works across supported Payveris products, including electronic Bill Pay, Checks and P2P. All electronic payees are OFAC scanned.

What’s the Cost?

  • No set-up fees… your credit union is only charged $0.02 (2 cents) per bill pay transaction for PayWatch!
  • Represents a minimal 3.36% increase in your bill pay transaction fee.
  • All online reporting, decisioning and historical transaction research tools included – no separate fee!
   

Sign up for PayWatch Today!


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Updated
August 6, 2018

CU*Answers launches iPay native, API integration for iPay clients

CU*Answers and iPay have partnered to provide an integrated online banking bill pay experience to client credit unions and their members. Previously accessed through a single sign on connection, this new native integration now allows members to easily enroll online and perform a variety of services, including adding payees, viewing bills electronically (from participating vendors), […]

Nov 14, 2019

ACTION REQUIRED: Additional Security Layer Coming to Payveris PASS

ACTION REQUIRED: Additional Security Layer Coming to Payveris PASS

Payveris is adding an extra layer of security to the Payment Application Support System, commonly referred to as PASS.  Beginning in 2020, PASS will only be accessible from an explicitly whitelisted I.P. address.  In an effort to ensure a smooth transition, Payveris is requesting that an authorized representative from your credit union provide a list… Read more »

Nov 6, 2019

ACTION REQUIRED: Additional Security Layer Coming to Payveris PASS

ACTION REQUIRED: Additional Security Layer Coming to Payveris PASS

Payveris is adding an extra layer of security to the Payment Application Support System, commonly referred to as PASS.  Beginning in 2020, PASS will only be accessible from an explicitly whitelisted I.P. address.  In an effort to ensure a smooth transition, Payveris is requesting that an authorized representative from your credit union provide a list… Read more »

Oct 4, 2019

Reminder: Update to Processing a Letter of Indemnification for Payveris Clients

Reminder: Update to Processing a Letter of Indemnification for Payveris Clients

After some analysis on the processing of Letter of Indemnification (R06) requests to assist with combating fraud, Payveris’ ODFI has found that those credit unions implementing PayWatch were able to significantly reduce losses associated with fraudulent transactions.  Additionally, they have found that only ~3% of all Letter of Indemnification (R06) requests resulted in a recovery… Read more »

Aug 27, 2019

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

As announced earlier this summer, Payveris will be updating the look for member information screens in PASS.  Originally, this update was scheduled to occur at the end of July but has since been rescheduled for Wednesday, August 28th.  This update will include screen changes to the View Member PIN dashboard and the View Member Payments… Read more »

Aug 26, 2019

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

Arriving August 28th: New Look and Navigation Changes for PASS Member Information Screens

As announced earlier this summer, Payveris will be updating the look for member information screens in PASS.  Originally, this update was scheduled to occur at the end of July but has since been rescheduled for Wednesday, August 28th.  This update will include screen changes to the View Member PIN dashboard and the View Member Payments… Read more »

Aug 20, 2019

Update to Processing a Letter of Indemnification for Payveris Clients

Update to Processing a Letter of Indemnification for Payveris Clients

After some analysis on the processing of Letter of Indemnification (R06) requests to assist with combating fraud, Payveris’ ODFI has found that those credit unions implementing PayWatch were able to significantly reduce losses associated with fraudulent transactions.  Additionally, they have found that only ~3% of all Letter of Indemnification (R06) requests resulted in a recovery… Read more »

Aug 6, 2019