PFCU Strengthens Fraud Prevention with Velera's Enhanced Risk Mitigation Services

Summary: PFCU's manual fraud management process was creating operational challenges and delaying response times. To strengthen its approach, the Michigan-based credit union implemented Velera's Enhanced Risk Mitigation Services, gaining access to dedicated fraud expertise, continuous monitoring and proactive risk management. The partnership enabled PFCU to identify and stop fraud in near real time, reduce losses and streamline internal operations. As a result, the credit union improved efficiency, enhanced the member experience and strengthened protection for its members.