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