First State Bancorp of Albuquerque has hired Laru Corp. of El Dorado Hills, Calif., to monitor its automated clearing house transactions.
Laru said Thursday that the $3.4 billion-asset banking company's First Community Bank of Taos, N.M., will use the hosted ACH Clarity service to identify transaction anomalies and ACH FileFox Professional to find and repair errors in its files.
The technology, which banks also can install in-house, helps detect fraudulent ACH transactions and eliminate recurring errors, Laru said.
