OOLTEWAH, Tenn.--(BUSINESS WIRE)--ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, announced today its latest Payment Data Xchange (PDX) service module within its flagship Fraud Prevention HQ platform. Fraud Prevention HQ is the industry’s first exception decisioning portal that provides a fully integrated dashboard for financial institution customers to make their pay or no-pay decisions on suspicious payment activity across virtually every payment channel.
PDX is being introduced due to intense market demand for more automation and robust features for delivering translated EDI information (820 & 835) contained within incoming ACH files, NOC and ACH return information to business account holders. Dynamic configuration options within the new PDX module enable financial institutions to choose the EDI feature, the ACH return and NOC feature or both for themselves and their clients. Financial institutions simply enroll the account number for the EDI service or the originating company ID for the ACH return service.
Additionally, PDX will monitor incoming ACH transactions for enrolled accounts/company ID’s and alert account holders when incoming ACH transactions contain EDI information or when they have ACH returns or NOC’s. Information will be presented by settlement date to aid in the reconcilement process. Account holders can access the information online, export it in a variety of formats or have data delivered electronically to automate posting. PDX also offers an automated billing feature to allow financial institutions to bill clients via analysis or ACH debit.
“Our enterprise level platform can be easily accessed by account holders via single sign on through online banking,” said Deborah Peace, AAP, chief executive officer of ACH Alert. “As part of our commitment to serving the financial services industry, we are positioned to further compliment online banking systems by making valuable payment remittance information, such as ACH returns and NOC information, available to clients in a timely manner and an easy-to-use format.”
About ACH Alert
Founded in 2007, ACH Alert provides patented, innovative fraud detection services to financial institutions ranging from community banks to top tier financial institutions. Relying on more than 25 years of industry experience, ACH Alert assists financial institutions in mitigating the risks associated with electronic payments. ACH Alert is the 2012 recipient of the Kevin O’Brien ACH Quality Award, the highest award for quality in the ACH Network industry. For more information, visit www.achalert.com, or follow them on Twitter @ACHAlert, Facebook, or LinkedIn.