BIRMINGHAM, Ala.--(BUSINESS WIRE)--ePayAdvisors™ announced today it has entered into a strategic partnership with Laru Technologies, a California-based software company that provides ACH and Wire risk management tools to financial institutions of all sizes across the US.
“This partnership will provide our members and clients with elevated solutions for their fraud detection and risk management needs," said Pamela T. Rodriguez, AAP, CIA, CISA, President & CEO of ePayAdvisors™. "Laru Technologies provides superior innovation through their Laru Solution Suite, allowing a higher class of risk management that helps prevent fraud and network violations."
According to Rajiv Donde, President of Laru Technologies, “We are excited to work with ePayAdvisors™ and complement their audit, risk assessment, and consulting services with Laru’s automated risk management products. ACH Clarity is ideal for providing comprehensive audit reports to demonstrate that financial institutions (FIs) have a handle on their governance, risk, and compliance activities. The regulatory pressure to Know Your Customer (KYC) and Know Your Customer’s Customer (KYCC) has increased in recent years, more so with NACHA’s Same Day ACH initiatives. From a risk control and fraud prevention perspective, Laru’s ACH Vision works with ACH Clarity to trap anomalous transactions in real time, helping FIs prevent costly losses.”
ePayAdvisors™ is a wholly-owned subsidiary of ePayResources™, the second-largest Regional Payments Association member of NACHA. ePayAdvisors™ provides payments risk management, compliance, and consulting services to financial institutions and businesses throughout the U.S. Our suite of services includes Audits and Risk Assessments for financial institutions for ACH, Remote Deposit Capture, and Wire Transfer; ACH Audits for Third-Party Senders and Service Providers; and customized payments consulting for financial institutions and corporations. Visit www.ePayAdvisors.com for more information. Follow us on Twitter at @ePayAdvisors_.
About Laru Technologies
Laru Technologies is a trusted and reliable bank security solutions provider. Our primary focus is detecting fraud and managing risk associated with electronic bank payments and transactions (ACH, wire, etc.). We are dedicated to continuously elevating our solutions through innovation, commitment to quality, and superior customer service. The Laru Solution Suite identifies, resolves, and prevents fraud and network violations while it monitors and manages the risk for both originating and receiving depositary financial institutions.
Only Laru scrutinizes every transaction, preventing unauthorized fund transfers, account takeovers, payment fraud, malware, and data breaches. Since 2004, Laru has been giving customers nationwide A Promise Of Security™. Follow Laru Technologies on Twitter at @LaruTech.