VerifyFraud is an ever-increasing concern for businesses of all shapes and sizes. For financial institutions processing ACH transactions, it is crucial to be proactive in catching exceptions and abnormalities in ACH files to help prevent business account fraud.
Proactive Fraud Detection
Gain the trust of your customers by proactively identifying and rectifying any data entry errors.
START MY JOURNEY!
Verify is an affordable solution that offers a simple way to manage payment activity, catch data entry errors, and detect anomalies within ACH files – helping you protect both your customer’s data and your reputation while continuing to build trust.
Book a meeting to learn more about partnering with SBS.
We know that having a trusted reputation is essential to keeping your existing customers happy and attracting new customers. That’s why we offer Verify to help prevent the reputational damage that comes with being a victim of ACH origination fraud or Corporate Account Takeover (CATO). This process, known as ACH whitelisting, is included in Best Practices: Reducing the Risks of CATO, which is endorsed by the United States Secret Service, Conference of State Banking Supervisors (CSBS), and FS-ISAC.
The process is as easy as 1-2-3:
- Receive the ACH file from the customer and upload it to Verify.
- Verify checks the ACH file for anomalies, such as new or updated routing/account numbers or changes to historic amounts.
- Verify provides a report of unapproved accounts for the institution to authenticate.
Hear What Our Clients Say!
SBS CYBERSECURITY IS AN EXCELLENT CUSTOMER TO WORK WITH!!
"Everyone that we have worked with at SBS CyberSecurity is very knowledgeable about the topics they are helping us with. They are more than willing to provide you data to help in any decision-making situations."
SBS CYBERSECURITY IS A TRUSTED PARTNER FOR US!
Shauna E. | Small-Business
"Everyone at SBS CyberSecurity has the necessary industry knowledge to support our credit union and its needs. Their customer support is top-notch. They are always available and follow through with what they say they will do. The various modules that SBS offers relate to our business needs."
SBS PROVIDES SUPERIOR IT AUDITS AND TESTING
Jeff V. | Small-Business
"The depth of testing they provide is like nothing I've seen from other vendors. We've always done external penetration testing and internal vulnerability scans, but SBS takes it a step further to show security gaps which were not discovered in the past. We've reached out to them long after the audit was completed and they were very helpful with any questions or clarification we had."
SBS CYBERSECURITY PROVIDES AND INVALUABLE SERVICE FOR SMALL BANKS
Kim P. | Banking
"I did not have to re-create the wheel to develop a comprehensive Information Security Program. The TRAC software has all the components, including policies, that are easy to use! I like how the program separates the requirements into different modules, as this is much easier to implement, but the end product integrates these modules and documents it into a comprehensive program that is usable."
FANTASTIC CUSTOMER SERVICE
Verified User in Banking | Small-Business
"I have enjoyed working with our assigned consultant, but I have had the opportunity to work with numerous employees throughout SBS and all of them have been friendly, professional, and offered exceptional customer service. Kudos to SBS for building a strong, exceptional environment for their employees to thrive in."
SECURITY TESTING WITH THE BEST
Jessica R. | Mid-Market
"SBS CyberSecurity performed my security penetration audit on our hospital's network this year. Our consultant provided excellent assistance with gathering information to perform the test as well as providing solutions that we were able to implement. They helped us recognize a flaw where the outside guest wifi could access the internal network which we were quickly able to stop with their assistance while the test was being performed."