WEST JORDAN, Utah – Mountain America CU has installed Memento Inc.’s Memento Security platform to combat deposit account fraud and improve compliance operations.
Using Memento Security, the $2.8 billion credit union developed a rapid ATM transaction monitoring process that detects geographical, transactional and situational anomalies of member card activity, the company said. Intraday feeds deliver near real-time transactional and reference data to the Memento enterprise fraud management platform. Alerts on suspicious activity are generated and quickly distributed to the fraud team. This solution enables Mountain America analysts to verify transactions within critical windows of opportunity to prevent losses.
Memento is based in Burlington, Mass.
