Verify™ is an affordable solution that offers a simple way to detect anomalies by reviewing ACH files. This process is included in Best Practices: Reducing the Risks of CATO supported by the United States Secret Service, Conference of State Banking Supervisors (CSBS), and FS-ISAC.
✔ THE VERIFY ADVANTAGE
- Build the trust of your customers by being proactive in catching data entry errors.
- Prevent the reputational damage of becoming a victim of ACH origination fraud or Corporate Account Takeover (CATO).
- Satisfy a component of FFIEC Guidance by implementing anomaly detection and layered security.