NICE Actimize Xceed ACH ODFI
Fiserv partners with NICE Actimize to offer Xceed ACH-ODFI, which is the only behavior-based anomaly detection solution purpose-built to detect fraudulent ACH batch files and transactions before submitting them for payment.
Highlights
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Reduced Fraud Loss
Proactively detect various types of fraud such as insider fraud, employee fraud and others.
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Frictionless Protection
Achieve business imperatives by enhancing protection without impacting customer experience.
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Operational Efficiency
Increase operational efficiency by focusing on the highest risk transactions and reducing callbacks.
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Enhance Compliance
Conform to FFIEC guidance recommending detection as part of your layered security strategy
Overview
Fiserv partners with NICE Actimize to offer Xceed ACH-ODFI, which is the only behavior-based anomaly detection solution purpose-built to detect fraudulent ACH batch files and transactions before submitting them for payment.
Xceed ACH-ODFI prevents fraudulent ACH payments by monitoring origination files including batch and transaction-level information for unexpected and suspicious activity.
It provides batch entry level visibility, is significantly faster than manual reviews, and eliminates the need for limits-based controls or rules-based detection. The solution is available for use with ACH Manager from Fiserv.
Features:
• AI and behavioral analytics fraud detection
• Configurable ACH file frequency
• Easily identify Same Day ACH batches
• Targeted risk scoring per Standard Entry Class (SEC) code
• Alerts actionable within minutes
As ACH volume expands due to increasing consumer demand for electronic payments, additional pressure is placed on everyone who is part of processing ACH payments.
Xceed ACH ODFI can help financial institutions meet this challenge by quickly finding fraudulent ACH payments, even in large batch files, without manual reviews.
More than simply helping financial institutuions avoid the loss of stolen funds, Xceed solutions support their strategic business objectives by managing the risks associated with the products and services needed for improved competitiveness, revenue growth, operational efficiency and enhanced customer experience.
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