TranZact now integrates with Verafin's real-time anti-fraud solution.

Catalyst Corporate and long-time partner, Verafin, are excited to provide your credit union greater efficiency and convenience in your fight against wire fraud.

Fraud Verify uses innovative cloud-based analytics to alert credit unions in TranZact to potentially fraudulent wire transfers before they are released. Here's how it works:

• When a wire is submitted in TranZact, a real-time fraud scan is initiated.
• Scan results are reported in TranZact under wire pending approvals as “No Fraud” or “Needs Review.”
• The credit union evaluates wires flagged for review to determine whether to stop the wires or continue processing.
• Decisions are logged with the wires in the Verafin software, and wire details are searchable in TranZact.

If your credit union already has an established business relationship with Verafin, it's so easy to get started. To find out more about Catalyst Corporate’s Fraud Verify wire fraud detection service, contact the Wire Services Team today.