PULSE has updated its DebitProtect fraud migration service to include an optional fraud blocking services that allows for real-time transaction blocking, the ATM network announced in a September 18 press release.
The company said the new system allows “for a faster response to fraudulent activity on an account.”
“This technology leap was necessary because fraud sophistication and speed are increasing, with fraud cycles becoming shorter, more varied and harder to detect,” George Danforth, PULSE’s vice president for emerging products, said in a September 18 statement.
For more of Danforth’s remarks on the new service, click here.
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