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

A Note from SettleMINT EFT: P2P Review

A Note from SettleMINT EFT: P2P Review

CU*BASE credit unions around the country have reported similar cases of someone using a member’s online banking credentials to initiate P2P payments via Payveris online bill pay.  These cases are similar in detail as the perpetrator(s) are logging in successfully with the member’s credentials, or changing the member’s email address before initiating a payment.  The affected members could become aware… Read more »

Dec 10, 2018

Dual Maintenance Reminder for Payveris Bill Pay Clients

Dual Maintenance Reminder for Payveris Bill Pay Clients

A reminder to all credit unions whose Bill Pay vendor is Payveris: When closing memberships within CU*BASE, dual maintenance is required if the member also uses Bill Pay.  After closing the membership, please remember to also deactivate that user within PASS (Payment Application Support System).  This can be done using the following steps after logging… Read more »

Apr 3, 2018

Dual Maintenance Reminder for Payveris Bill Pay Clients

Dual Maintenance Reminder for Payveris Bill Pay Clients

A reminder to all credit unions whose Bill Pay vendor is Payveris: When closing memberships within CU*BASE, dual maintenance is required if the member also uses Bill Pay.  After closing the membership, please remember to also deactivate that user within PASS (Payment Application Support System).  This can be done using the following steps after logging… Read more »

Mar 9, 2018