Fighting fraud is a bit like playing whack-a-mole—except the moles are getting smarter, faster, and disturbingly good at stealing your members’ money.
That’s why the Michigan Credit Union League (MCUL) just teamed up with Rippleshot to give credit unions across the state some serious fraud-fighting firepower.
Rippleshot is now part of MCUL’s Michigan Solutions partner network, which means credit unions in the state can tap into two powerful tools: Fraud Interceptor and Fraud Intelligence Collective. Think of them as your fraud prevention dream team.
What These Tools Actually Do
Here’s the practical stuff. These complementary solutions work together to catch fraud before it becomes a full-blown crisis. They help credit unions spot and stop the bad guys in their tracks—whether it’s scams, account takeovers, or sketchy mobile provisioning attempts. Plus, they plug fraud professionals into a nationwide intelligence network that updates in real time. It’s like having a fraud-fighting spy network, minus the tuxedos and martinis.
Why This Partnership Matters
“Fraud continues to evolve, and so must the tools available to credit unions,” explained Patty Corkery, President and CEO of MCUL. “One of our priorities is connecting Michigan credit unions with trusted solutions that help them better serve and protect their members. Rippleshot gives our credit unions access to proactive fraud intelligence that can help them respond faster, reduce losses and stay ahead of emerging threats.”
Translation: Fraudsters aren’t taking coffee breaks, so credit unions need tools that don’t either.
Canh Tran, CEO and Co-Founder of Rippleshot, gets the pressure fraud teams are under. “Credit union fraud teams are being asked to prevent more fraud with the same headcount, while losses keep climbing every year,” he said. “MCUL has a long history of innovation leadership, and we are thrilled to partner with them and give their credit unions two proven tools to fight fraud.”
The bottom line? Michigan credit unions now have access to smarter, faster fraud prevention that doesn’t require hiring an army of analysts. And in a world where fraud threats multiply faster than rabbits, that’s exactly the kind of backup they need.