ACH Origination Verification

C.O.P.S. (Credit Origination Positive-Pay Services) is strategically designed to prevent losses that result from ACH account takeover. The patented C.O.P.S. process provides multiple layers of security within a single application to defeat the fraudsters and achieve FFIEC compliance. Forward-thinking financial institutions recognize the growing risks of account takeover and are taking preventive steps to combat the threat.

C.O.P.S. systematically checks the destination and value of originated ACH credit transactions after they’re received from online banking and/or your client and before they are released to the ACH network. When transaction anomalies are detected, out-of-band text alerts are sent directly to the originator (authorized personnel) within seconds, with a one-time authorization code for immediate verification. The originator reviews the exceptions, makes a pay/no pay decision and is prompted to enter the one-time authorization code from their separate access device.

Administrative controls reside with your financial institution, providing more layers of security and safety. An optional alert, ACH Notify, can be activated to send the originator a batch confirmation alert with batch counts and totals, eliminating the need for faxed transmittals.

While C.O.P.S. requires no systems integration, our transaction API makes integration with online cash management systems easy and eliminates the need for file transfers. C.O.P.S. can be implemented in three weeks or less.

To learn how to stop losses associated with account takeover and meet FFIEC guidance requirements with our patent pending C.O.P.S. service, contact us today.