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!

Order PayWatch

August 6, 2018

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

CU*Answers assisted GR Consumers Credit Union in converting their credit card portfolio into CU*BASE

The CU*Answers SettleMINT EFT Team converted 984 credit card loans for GR Consumers Credit Union to the CU*BASE online credit card platform. GR Consumers Credit Union, located in Wyoming, MI, brought their credit card portfolio in-house. “Credit Unions moving to the online credit card platform, typically see a 35%-45% overall savings and it allows the […]

Jul 17, 2019