Financial technology firm Fiserv has developed new anti-fraud systems for automated clearinghouse and wire payments.
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The ACH Fraud Prevention system covers both international and domestic ACH payments, according to Fiserv's April 9 press release. The system evaluates fraud risk for ACH files and transactions.
Fiserv's Wire Fraud Prevention system searches wire transfers for incidents of suspected fraud.
Both systems build data on individual customers and accounts in an effort to better detect suspicious behavior.
