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Prepaid Resources’ award-winning BenefitsDirect Direct Deposit Management solution now comes equipped with FraudGuard™, a suite of fraud security services to help protect and prevent against unauthorized direct deposit enrollment.
Recent press reports show an alarming increase in fraudulent activity within the prepaid environment—especially through cards that have been acquired through retail and online channels. Fraudsters are utilizing stolen identities to open deposit accounts, redirect payments, and access those redirected funds. FraudGuard protects against this type of fraudulent activity with a multi-tiered service approach:
“Our highest priority is to lessen the critical risks inherent in the direct deposit process and BenefitsDirect reveals those enrollment patterns that can expose the hidden indicia of fraud.” — Barry Kessler, CEO, Prepaid Resources
“Multiple integration options support easy implementation for a myriad of accountholder enrollment experiences.” — Duane Jacobsen, COO, Prepaid Resources
BenefitsDirect ‘Direct Deposit Management’ solution is widely accepted amongst many leading prepaid card providers as the ‘de-facto’ tool to attract and retain active direct deposit accountholders. In 2012, Paybefore selected BenefitsDirect as “Best-in-Category” for Best Government-Funded Program.
About Prepaid Resources
Prepaid Resources is an established technology specialist for the prepaid debit and banking industry, known for its PORTABLES™ PaaS platform and related applications: a multi-user ecosystem that connects banks and prepaid card providers to processors, third-party applications and services. The company is headquartered in New York City.