Patelco Credit Union Selects Guardian Analytics to Fight Online Fraud

Large Credit Union Leans On FraudMAP(R) to Better Protect Online Channel

Jan 20, 2010, 08:30 ET from Guardian Analytics

LOS ALTOS, Calif., Jan. 20 /PRNewswire/ -- Guardian Analytics, a provider of online account fraud prevention software, announced today that Patelco Credit Union of San Francisco has selected Guardian Analytics' FraudMAP® to strengthen protection of its online channel and its members from the growing threat of fraudsters. Patelco selected FraudMAP due to its unique ability to defend against even the most sophisticated fraud attacks without impacting their members' online experience and without overburdening their security staff.

"We pride ourselves in customer service and FraudMAP is helping us continue to offer the highest quality of service at the individual member level," said Racheal Strider, IT security manager, Patelco Credit Union. "We found that Guardian Analytics' focus on the individual member provides fraud detection that's more accurate than other solutions we evaluated, allowing us to maintain member privacy, security and trust and giving us confidence in continuing to enhance our online services. Further, FraudMAP's smart user interface makes it easy for us to have a proactive approach to detecting and preventing fraud."

Patelco is among the largest credit unions in the country, with more than $3.7 billion in assets and 290,000 members, 100,000 of which bank online. Patelco serves the employees of more than 1,000 large and small businesses and communities throughout California and throughout the United States with multiple banking channels including 40 branches, online banking, mobile banking, telephone banking and ATMs.

"More and more institutions are recognizing that existing security solutions are not enough to stop today's sophisticated online banking attacks and are investing in a new line of defense that can protect against today's fraud schemes," said Terry Austin, president and CEO. "We are thrilled to add Patelco to our growing family of banks and credit unions and look forward to being a key component of their strategy to protect their rapidly increasing online member base."

About FraudMAP

FraudMAP delivers better fraud prevention through more accurate detection, actionable analysis and increased visibility into suspicious online activity. Guardian Analytics' proprietary Dynamic Account Modeling™ technology models all individual online account holder activity session by session, from login to logout, to detect suspicious actions and flag behaviors inconsistent with predicted account holder behavior. FraudMAP makes anti-fraud efforts more proactive and optimizes financial institutions' limited resources by identifying and containing fraud incidents before losses occur. FraudMAP complements other existing technologies, such as enhanced authentication.

About Patelco Credit Union

Patelco Credit Union maintains its headquarters at 156 Second Street, San Francisco, and operates offices throughout California and in the Chicago, Illinois metro area. To learn more about Patelco and the financial opportunities that credit unions provide, visit

About Guardian Analytics

Headquartered in Los Altos, Calif., Guardian Analytics is focused on the prevention of online account fraud. The company's real-time risk management approach to fraud detection, forensics and risk monitoring is built on strong analytics and predictive models of individual behavior. Leading financial services institutions rely on Guardian Analytics to protect individual account assets and the integrity of their online channels. Founded in 2005, Guardian Analytics is privately held with venture funding from Foundation Capital. For more information, please visit

SOURCE Guardian Analytics