A new addition to our FedACH Risk® Management Services, the FedDetect Anomaly Notification is designed to help your institution identify anomalous activity and supplement your fraud detection and alerting tools. Subscribed users will receive secure email notifications when irregular activity is detected.
The FedDetect Anomaly Notification for FedACH Services adheres to Nacha rules for change notifications, which helps avoid future rule violations and contributes to overall efficiency improvements within the ACH network.
Some additional benefits include:
- Monitoring of same-day activity at the final same-day deadline to avoid overdraft situations
- Insight on your Fed account when unusual high-dollar debit batches settle on the current processing day in the final same-day window and potentially require settlement account funding
- Monitor return/forward micro-entries for originators that use small-dollar entries for account verification
Current FedACH customers can enjoy the benefits of the FedDetect Anomaly Notification at no additional cost – and signing up is easy. Start by reviewing Operating Circular 4, Automated Clearing House, Appendix I: FedDetect Anomaly Notification.
To enable notification, existing customers can log into their FedLine Web® or FedLine Advantage® Solution, click on the FedDetect Anomaly Notification link, and add contacts to start receiving secure email notifications.
Questions? Contact the Support Center or submit a contact request and your relationship manager will reach out to you.
