Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
ProfitStars ACH Alert introduce fraud solutions
MONETT, Mo. (4/5/12)--Through a partnership with automated clearinghouse and wire risk management solution provider ACH Alert, ProfitStars has introduced two new solutions to financial institutions using its ACH Client and Enterprise Payment Solutions (EPS) platform.

ACH C.O.P.S. provides systematic fraud detection to outbound ACH credit and wire entries by requiring transaction-level validation after transactions are received by the financial institution and prior to their being released to the respective payment network.

In line with Federal Financial Institutions Examination Council's supplemental guidance to its Authentication in an Internet Banking Environment, ACH C.O.P.S. provides out-of-band authentication for ACH credit and wire transfers by requiring customer approval of all suspect ACH and wire transactions prior to transmission. This prevents money from going to an account that is not preapproved by the originator.

To mitigate losses from the posting of unauthorized ACH debits, ACH A.L.E.R.T. offers ProfitStars clients real-time control over ACH debit approvals. Financial institutions can allow member/customers to determine their debit notification parameters, notification method and contact information as well as automate the return and re-credit process.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago