Fraud Monitoring for Cardholders FAQ
Central Bank and Trust Co. currently utilizes a third party fraud scoring system to monitor debit card activity and assist in the detection and prevention of fraud. This program analyzes and assigns a fraud score to all card transactions. The higher the fraud score, the greater the chance that the transaction might be fraudulent. If this fraud score is high enough, you are contacted by phone to verify the validity of the transaction and, as a security precaution, your card might be blocked until you can be reached.
As of June 1, 2016, the fraud prevention process was enhanced in an effort to identify fraudulent transactions more quickly, prevent future card fraud, and reduce the inconvenience to our cardholders. You will now receive two-way SMS text alerts asking you to confirm if suspicious purchases are valid. These text messages will display a sender number of 328-74. This system will also include interactive voice and email fraud notifications if no response is received by text or phone calls. We will ONLY ask you to verify if you did or did not make the purchase(s). We will NOT ask for account or personal information via text message or email.
The security and protection of your account is our priority and we are excited to offer these enhanced fraud services to you! To facilitate the effectiveness of this program and to ensure you receive these notifications promptly, it is important we have your current contact information on our system. Please call any branch location to confirm your current cell phone number and email address are on file, especially if either of these have recently changed. For more information regarding these fraud alerts, please refer to the Frequently Asked Questions below.
Is this service 24 hours, or only in a certain window?
In other areas of business, we have calls only going out during certain hours so cardholders aren’t being called after normal waking hours. Emails will be sent 24 hours. Text will be sent from 7:00 a.m. to 10:00 p.m. in the cardholder’s time zone. Calls will be sent from 8:00 a.m. to 9:00 p.m. in the cardholder’s time zone. Texts and voice calls pending from the night before will be triggered the following morning at the applicable time noted above. Agents are available 24/7.
How can I stop text messages if I don’t want to receive them any longer?
All you need to do is respond back to the SMS text alert with the word STOP. U.S. consumers who have service through AT&T, Verizon, Sprint, and T-Mobile will not be charged message or data rates for our fraud alerts. We absorb that cost for you!
Will the product work for customers residing in Canada?
For Canadian consumers, both text and email alerts are available.
Can the alerts be sent to customers travelling internationally?
These customers have U.S. numbers, but are travelling overseas, possibly on a non-US carrier. We are unable to send text or phone calls internationally, but please make sure your email address is current as we can always email you 24 hours a day 7 days a week.
How do customers enroll?
We have already included you in these enhanced services as part of our fraud protection services.
What triggers these alerts?
Transactions that we have identified as potential fraud trigger the alerts.
If I receive an alert, does that automatically block my account from further purchases?
The majority of suspected fraud accounts will be blocked, just as they are today. However, some lower risk items may not be declined.
If I respond back that the transaction(s) are valid, will you automatically unblock my account?
Yes, though please keep in mind that it could take 5 – 10 minutes for a block to be removed in some situations.
If a transaction is declined due to suspected fraud, but I validate that I did make the purchase, can I try to complete the purchase again?
Once the alert is updated in our fraud system, you can attempt the transaction again, usually within 5 – 10 minutes of the initial call/text/email to validate activity.
What if my “yes” or “no” text response has a typo?
The system will accept many common typo variations of the “yes” or “no” text message response. If the system cannot understand what was typed, it will generate a message to call a representative for help.
Is there a difference for consumers and businesses cardholders?
Can I establish preferences through my mobile app?
Communicate alerts are not configured through a mobile app, but rather through our fraud systems. The standard order of engagement is:
2) Voice Call
Alerts generated overnight result in an email only until calling and texting hours are available. Text will be sent from 7:00 a.m. to 10:00 p.m. in the cardholder’s time zone. Calls will be sent from 8:00 a.m. to 9:00 p.m. in the cardholder’s time zone.
How do incoming and outgoing voice calls work?
Communicate actions are triggered by today’s existing fraud alerts through the Falcon system. If a mobile phone is on record, a text alert will be triggered first. All numbers on record that are identified as a mobile phone will be utilized. Communicate has technology that allows it to determine if a phone number is a mobile or land line, so indicators within the processing platform are not required. If we do not receive a response to the text(s), the system sends an automated voice call asking you to confirm if authorizations are valid or unrecognized. If you select “Not Recognized,” the call is transferred to an agent to confirm the fraudulent transaction(s). If there is no response to the text or voice call, an email is sent requesting that you confirm the transactions are valid.