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TWS Systems, PPS Team Up Against Fraud

DUNEDIN, Fla. - TWS Systems, Inc., an ATM management/transaction processing solutions provider, has partnered with Primary Payment Systems (PPS), to add its DEPOSIT CHEK service to TWS' ALERT MANAGER product group. This marks the companies' first major strategic venture. ALERT MANAGER allows credit unions to customize their own fraud prevention...

By Staff Writer | Updated on August 19, 2003

DUNEDIN, Fla. – TWS Systems, Inc., an ATM management/transaction processing solutions provider, has partnered with Primary Payment Systems (PPS), to add its DEPOSIT CHEK service to TWS’ ALERT MANAGER product group. This marks the companies’ first major strategic venture. ALERT MANAGER allows credit unions to customize their own fraud prevention criteria. The system reviews every financial transaction within an institution and sends an alert whenever any of the pre-set fraud prevention criteria is met. With the addition of DEPOSIT CHEK, credit unions will also receive notification of checks that have a high-probability of returning. As part of the agreement, TWS’ clients will now have access to national shared databases, which contain the most current and accurate status information on draftable accounts from across the country. TWS Chairman Terry W. Stapleton believes the partnership will help change credit unions’ approach to fighting fraud. “We want the credit unions to let us focus on the fraud, using ALERT MANAGER and the PPS fraud detection network, while they focus on providing good, quality service to their members,” said Stapleton “We want to build an impenetrable wall between our clients and the fraud culture. Adding this piece is a critical step in that process.” TWS plans to integrate the two systems immediately.

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