US-based Laru Corporation, a developer of software applications for ACH risk and compliance management has introduced the Software-as-a-Service (SaaS) offering for its ACH Clarity product suite, by means of which financial institutions can access and monitor ACH transactions.

ACH Clarity offers financial institutions a system to identify, resolve and prevent ACH fraud and compliance issues. Functioning as a complementary platform to an institution’s ACH processing system, ACH Clarity monitors ACH transactions, allows network operators to make research on problem situations and reports to establish whether financial institutions are compliant with NACHA regulations. Via its alerts and reports, ACH Clarity tracks fraudulent ACH transactions and risk anomalies. Via SaaS, ACH Clarity software is stored on Laru’s server and accessed via an internet connection, providing financial institutions with an ACH risk and compliance management system.