First Data Corp. said it has joined with Austin Logistics Inc. to provide a payment risk system for non-sufficient funds.
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The NSF Solution represents the integration of Austin Logistics' NSFGuard payment risk software with First Data Payment Defender risk decision-making platform.
The new system allows credit unions, banks and credit card issuers to quickly identify high-risk and fraudulent payments for faster, more precise float/no float decision-making.
The predictive analytic system uses customer and disparate data to score and evaluate a payment for a non-sufficient funds hold. Austin Logictis is based in Austin, Texas.
