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Digital Identity, Security & Online Fraud

ACH Alert, Fundtech partner for fraud prevention services

Tuesday 29 October 2013 | 10:27 AM CET

Fraud detection services provider ACH Alert has entered an agreement with Fundtech, a global provider of transaction banking services, to make available ACH Alert\'s suite of patented fraud mitigation solutions via Fundtech products.

ACH Alert's suite of fraud mitigation solutions will allow financial institutions to mitigate incoming ACH fraud and outgoing ACH and wire fraud for their customers. By providing these solutions, Fundtech enables financial institutions to comply with FFIEC guidance calling for layered security. Further, financial institutions are able to monetise these services, by selling to their customers and members. ACH Alert's fraud mitigation tools will be available to customers of the following Fundtech solutions:
• CASHplus: access to ACH Alert's PRO-TECH solution to detect unauthorized ACH debits and C.O.P.S. to prevent corporate account takeover by validating credit transactions;
• PAYplus USA and PAYplus Connect/GFX: to access BIO-WIRE to validate outgoing wire transactions to prevent corporate account takeover;
• ACHplus: access to PRO-TECH to detect unauthorized ACH credits, C.O.P.S. to prevent corporate account takeover by validating credit transactions and ACH Dispute Xpress to transmit credentials to non-subscribing account holders to grant access to an electronic, pre-populated Written Statement of Unauthorized ACH Debit (or WSUD)
• OrigiNET: access to C.O.P.S. to prevent corporate account takeover by validating credit transactions;
ACH Alert provides fraud detection services to financial institutions ranging from community banks to large financial institutions.

In recent news, ACH Alert has entered an agreement with financial institution Columbus Community Bank to provide the latter’s customers with fraud prevention services.

More: Link
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