This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PULSE Upgrades DebitProtect® To Enhance Comprehensive Fraud Mitigation Service

To help financial institutions respond to the growing sophistication and speed of debit card fraud attacks, PULSE, one of the nation’s leading debit/ATM networks, has implemented a major upgrade to its DebitProtect Fraud Mitigation Service and introduced an optional fraud blocking service. The enhanced system allows transactions to be blocked in real time, enabling PULSE participants to respond faster to suspected fraud before more fraud is perpetrated on a card, thus reducing losses and decreasing cardholder impact.

Payments fraud is a constant threat and remains a concern for both financial institutions and consumers. The annual Debit Issuer Study, commissioned by PULSE, finds that financial institutions consistently rank debit card fraud among their top two concerns. One out of every five debit cardholders in the U.S. has experienced fraud on their card in the last five years, according to a 2012 study by ACI Payment Systems and Aite Group. The Federal Reserve Board estimated U.S. debit card fraud losses to be $1.38 billion in 2011.

DebitProtect Service

The DebitProtect fraud mitigation system was first launched across the PULSE network in 2007. Since that time, PULSE has continued to refine DebitProtect and invest in state-of-the-art processing technologies. The company also has made strategic investments in personnel to provide custom fraud consulting services to help financial institution participants reduce the risk of fraud losses.

PULSE collaborated with Hewlett-Packard (HP) and Retail Decisions (ReD) on the DebitProtect upgrade. PULSE deployed the ReD PRISM ® software solution, implemented on HP NonStop servers. The initiative received the 2012 HP Alliance ONE Partner of the Year Award for Innovation.

DebitProtect operates in milliseconds, evaluating transactions in flight, detecting high-risk transactions and alerting card issuers in seconds, often before the cardholder has left the terminal.

“This technology leap was necessary because fraud sophistication and speed are increasing, with fraud cycles becoming shorter, more varied and harder to detect,” said George Danforth, PULSE vice president, Emerging Products. “DebitProtect uses unique PULSE data, scoring and analytics to monitor debit transactions at ATMs and the point of sale and adds an additional layer of fraud detection to those provided by processors and in-house systems.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,460.91 -102.39 -0.62%
S&P 500 1,917.76 -12.91 -0.67%
NASDAQ 4,328.6630 -41.11 -0.94%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs