Protect your bank and business customers from ACH fraud
Fraudsters are smart, and getting smarter by the day. If you’re still relying on manual processes to safeguard your business customers from fraud, you’re taking a financial and reputational gamble. It’s time to consider Yellow Hammer ACH Origination, the powerful, intuitive module of Yellow Hammer Fraud Detective ™ that accurately and automatically helps mitigate fraudulent ACH origination attacks.
Yellow Hammer ACH Origination™ – Real-time monitoring of ACH transactions
Yellow Hammer ACH Origination is a module of Yellow Hammer Fraud Detective™ that provides the layered security banks need to mitigate the risks associated with fraudulent ACH origination attacks initiated through the online banking channel. This module scans all ACH batches submitted through Jack Henry Banking’s NetTeller Cash Management™ tool prior to origination, helping to protect banks and their business customers from financial and reputational losses. The Yellow Hammer ACH Origination module analyzes both the ACH batch and each item within the batch for unusual patterns of activity. At the batch level, this module identifies if the batch contains an abnormal number of items, abnormal total dollar amounts, an unusual numbers of ACH batches in a short timeframe, and activity to foreign countries. Alerts are also triggered when items within a batch are sent to a new payee. The Yellow Hammer ACH Origination module also analyzes non-financial account activities that are common indicators of ACH origination fraud including maintenance to a user’s authority or contact information, and it alerts banks when new users are added.
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