Credit Union Operations: Tackling Instant Payments and Fraud Head-On

Credit unions increasingly seek ways to integrate instant payments within their existing infrastructures while combating the rising threat of payments fraud. In a NACUSO-hosted webinar, industry experts Mark Majeske, SVP of Faster Payments at Alacriti, and Andrew Muzzatti, Head of Fraud Product Marketing at Verafin, provided insights into these pressing challenges. Majeske discussed effective strategies for seamless integration and the hurdles credit unions face, while Muzzatti offered a comprehensive overview of emerging fraud trends, such as Business Email Compromise (BEC) and elder scams.

Together, they explored fraud prevention strategies, real-life examples, and the top use cases and monetization opportunities for instant payments, equipping credit unions with the knowledge to enhance their operations and protect against fraud.

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