FedLine^® Access Solutions

FedTransaction Analyzer^SM: A critical component of an effective risk management strategy

In the January FedFocus issue, we told you about the planned implementation of FedTransaction Analyzer, a new tool designed to help streamline risk management and compliance reporting processes for financial institutions. For FedLine Advantage^® Plus access solution customers, the ability to automate and standardize after-the-fact analysis of payment transactions is a reality as the FedTransaction Analyzer tool is now available.

Streamlined access to transaction data helps fulfill regulatory requirements

Today, financial institutions face continued pressure to closely review the flow of incoming and outgoing transactions and develop robust compliance processes to support these requirements.  FedTransaction Analyzer was designed with customer feedback in mind. Customers have told us that access to tools that help aggregate, save and analyze transaction data and assess potential exception activity to fulfill regulatory requirements is a critical component of an effective risk management and compliance support strategy.

FedTransaction Analyzer helps meet these needs by providing quick and seamless access to 18 months of Fedwire^® Funds Service data in several customizable report formats. (Additional data availability is planned for a later date.) This can help your institution easily identify higher-risk transactions based on the criteria you specify. As an automated solution, FedTransaction Analyzer can help eliminate time consuming and error prone manual processes. Since FedLine Advantage Plus customers can access FedTransaction Analyzer at no additional charge, it is also a cost effective option for your institution.

A collection of monitoring tools helps increase processing efficiencies

FedTransaction Analyzer is only one of the many tools available to FedLine Advantage Plus customers that help increase efficiencies of day-to-day processes. These tools include:

• FedEDI^® Plus Service - Allows you to automatically search automated clearing house (ACH) files for valuable ACH information such as return items, death notification entries (DNE), international ACH transactions (IAT) and financial electronic data interchange (EDI) messages. The service translates this data into human-readable reports, then distributes this information within your institution or out to your business customers.
• FedPayments^® Manager - Enables Fedwire Funds Service customers to take advantage of the import/export feature, which enables automated processing of message information.
• Account Services - Provides customers with valuable services, which include the Intra-Day Download Search feature that allows you to download your real-time, customized search results into a spreadsheet.

For more information about the services available to FedLine Advantage Plus customers, review the Detailed Service Overview (PDF). To find out more about FedTransaction Analyzer or the suite of services available via our FedLine access solutions, please visit FRBservices.org or contact your account executive.

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