Authorization Block minimizes exposure to known, emerging fraud threats. Credit unoins can introduce BIN level rules to decline transactions meeting very specific criteria, such as all transactions in a particular city and within a specific Merchant Category Code. These very targeted rules increase protection from fraud while minimizing inconvenience to members.
CO-OP Authorization Block enables you to:
Block authorizations promptly based on emerging fraud trends
Respond quickly to help reduce losses
Protect against fraudulent activity by blocking BIN ranges where cards have not been issued
Apply narrow criteria to minimize the effect on legitimate transactions
If you suspect or have confirmed fraud, one of our specialists will work with you to determine the best block data elements to minimize potential losses.
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