Introducing Omega Fraud Recovery
Unfortunately, fraud teams across the financial services industry continue to struggle with recovering funds from fraudulent transactions costing banks and credit unions millions in losses each year.
Why? Lots of reasons.
Not knowing who to contact at the other FI involved in the fraudulent transaction
The inability to take action quickly
Finding the right investigative professional empowered to make decisions on recoveries
The inefficiency and complexity of “hold harmless” agreements and indemnification
That’s why we launched the Fraud Recovery Network.
About the Fraud Recovery Network
The Fraud Recovery Service simplifies and standardizes the funds recovery process for participating banks and credit unions. Through its vast network, Mission Omega helps participants improve efficiency with account holds and “hold harmless” monetary recoveries for check payments, wire transfer and ACH payments.
Benefits for Participating Financial Institutions
Lower maintenance
Faster response times
Standardized service level agreements
Increase in funds recovered
