Protect your bank and business customers from wire origination 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 Wire Origination, the powerful, intuitive, real-time module of Yellow Hammer Fraud Detective™ that accurately and automatically helps mitigate fraudulent wire origination attacks.

Yellow Hammer Wire Origination™ – Real-time monitoring of wire transactions

Yellow Hammer Wire Origination is a module of Yellow Hammer Fraud Detective™ that provides the layered security banks need to mitigate the risks associated with fraudulent wire origination attacks initiated through the online banking channel. This module’s transaction monitoring is the last line of defense to prevent fraudulent funds from leaving the institution. The Yellow Hammer Wire Origination module scans all wire transfers 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. Yellow Hammer identifies wires with abnormal total dollar amounts, determines if there are an unusual number of wire transfers in a short timeframe, monitors activity to foreign countries, and triggers alerts when a wire transaction is sent to a new beneficiary. The Yellow Hammer Wire Origination module also analyzes non-financial account activities that are common indicators of wire 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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