ACH Fraud Detection Reporting Service

This service helps ODFIs and RDFIs identify patterns of misuse of the ACH system and provide proactive and reactive warnings of suspicious activity. Reports are generated by predetermined thresholds and patterns and are accurate indicators for abusive and fraudulent activity. The reports identify those companies that have excessive consumer and corporate unauthorized returns, as well as an excessive number of administrative returns (e.g. invalid account numbers). The reports are automatically emailed, enabling financial institutions to begin investigation and case management days, weeks, or even months before an instance of fraud might be reported or caught otherwise. Features Daily, weekly, and monthly reports for ODFIs State-of-the-art fraud detection software for reviewing forward transactions Customizable rules, patterns, and reports to address the specific needs of each financial institution Benefits Identifies instances of ACH abuse for further investigation Monitors WEB, TEL, and PPD for possible fraudulent activity Curtails the increasing threat of ACH fraud Reduces losses due to fraud litigation Helps mitigate the reputational risk of harboring fraudulent customers Report Samples ODFI Reports o Threshold-based screening of returns activity by originator. Reports Include: Corporate Unauthorized Report Weekly report of all unauthorized corporate transactions by Originator (R29) View Sample Unauthorized Threshold Report 50 on any given day, 80 in a week, 200 in a month (R07, R10 and R29) View Sample Invalid Account Excessive Report Threshold report that indicates possible attempts to guess account numbers (R03, R04) View Sample RDFI Reports o Rules-based screening of forward transactions o Advanced warning reports showing unusual patterns of activity for RDFI’s customers o Returns	Click here to download the brochure