ERAD is a comprehensive and powerful integrated SaaS solution that is used by law enforcement agencies to combat financial crimes on the spot. Our solutions allow law enforcement to inventory and analyze plastic cards, pinpoint credit card fraud, identify theft. Skimmer tracking, human trafficking notification and digital currency seizures on the spot. Our technology enables law enforcement to investigate financial crimes in a matter of seconds. Read below to see how a current client of ERAD was able to integrate our solution, saving their officers man hours and increasing the number of seizures.
Before ERAD, a detective in the Euless Police Department arrested several individuals who were recreating bankcards and using them to make large cash withdrawals from ATM machines, after surreptitiously obtaining numerous victim’s information through different schemes. During the investigation, they were able to recover approximately $60,000 in cash, $3,000 in money orders and another $27,000 in prepaid gift cards. The funds were deemed stolen property and the police department is in the process of returning the cash to the victims.
At the time of the seizure, they did not have the ERAD Financial Crimes Intelligence System in place and had to enter each card number into a spreadsheet by hand and then call each card issuer’s customer service center to confirm the remaining balance on each card. The cases were recently disposed of, and they used the ERAD to reconfirm the card balances, freeze the value and ultimate liquidate the funds once they obtained a seizure warrant. The ERAD process, which saved several man hours, was more accurate and provided a quality PDF printout for prosecution.
Since that time, the Department has utilized the ERAD solution in several other credit card fraud cases, including criminal groups who are using re-encoding store gift cards to purchase large amounts of diesel fuel. According to Cale Smith, (email@example.com) Detective for the Euless Police Department, “Our department has utilized ERAD in several other credit card fraud cases, including criminal groups who are using re-encoding store gift cards to purchase large amounts of diesel fuel. Additionally, ERAD is always available if there is a question, or they often contact you directly with information you might have overlooked. We are very grateful to have ERAD program and I would strongly encourage your agency to get on board.”
ERAD’s cutting-edge solution gives users the power to read cards, freeze and seize funds associated with illegal or illicit activities. Law enforcement can use the platform to recover money from plastic cards or peer-to-peer payment applications once necessary access has been established. Being a cloud-based subscription software, ERAD is easy to implement and is accessible for law enforcement officers through tablets, mobile devices, or computers.