CU*Answers Adds Two New Layers of Bill Pay Security

CU*Answers, the West Michigan-based core data processor, has added two additional layers of security to the EasyPay powered by Fiserv bill payment product. CU*Answers added that these two new layers of security are being provided to credit union members immediately. The first is a new daily maximum bill pay limit to mitigate large single payments. Any payment between $10,000 and the daily maximum will be processed as a paper draft to offer an additional layer of security. Secondly, a daily maximum A2A transfer limit with a rolling seven day maximum will be added.

The CUSO added that beginning in January 2013, CU*Answers will provide additional bill pay protection for credit unions utilizing EasyPay powered by Fiserv by enabling FraudNet, a service that uses a sophisticated analytics engine to detect unauthorized payments before they are completed.