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JHA Payment Processing Solutions Offers smsGuardian Text Alerts for Fraud Prevention
Jack Henry Associates, Inc.® (Nasdaq: JKHY), a provider of technology solutions and payment processing services primarily for financial services organizations, recently announced that its JHA Payment Processing Solutions® (PPS) division will offer sms Guardian™, an anti-fraud text alert notification service. In addition to PPS customers, sms Guardian is now available for the credit unions supported by Jack Henry Associates’ Symitar™ division, and banks using the jh aPassPort™ EFT platform provided by its Jack Henry Banking™ division.
The sms Guardian service sends transaction alerts directly to a cardholder’s mobile phone or other SMS-enabled device. If the cardholder rejects the unauthorized activity, the information is immediately routed to a Jack Henry Associates’ fraud analyst who blocks the card and follows up with the cardholder by phone.
Financial institutions using sms Guardian can choose to send messages for every transaction, or they can predefine rules that designate when a cardholder is alerted, such as when transactions exceed $100 or when they occur outside of the United States.
John Postle, general manager of PPS, said, “With sms Guardian, fraudulent activity can be recognized and stopped right away, which significantly reduces the likelihood that subsequent unauthorized transactions will occur. We expect that our credit union and bank clients and ultimately their customers and members will benefit from the added layer of security and the peace-of-mind this solution offers.”
To learn more about Electronic Payment (ePayment) solutions log onto PayStream Advisors Research Vault and download a complimentary ePayment research report. Mark your calendar to check back for the upcoming 2013 Electronic Supplier Payments report and the Purchasing Card report.
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