Some products offered by bank technology company Fundtech now include counter-fraud tools by ACH Alert.
ACH Alert services will help Fundtech customers ward off ACH and wire fraud, according to a Monday press release. Financial institutions can use ACH Alert tools to detect unauthorized debits and credits and prevent corporate account takeover by validating credit transactions.
"FFIEC guidance is clear that financial institutions are responsible for developing processes to detect suspicious fund transfer activity," ACH Alert Chief Executive Officer Deborah Peace said in the release. "Since financial institutions must address fraud and regulatory compliance, the ability to provide value-added solutions that customers demand and then monetize these solutions turns a burden into a benefit."
Fundtech, founded in 1993, is based in Jersey City, N.J. ACH Alert is based in Ooltewah, Tenn.