How Financial Institutions Can Transform Treasury
ACH Alert Offers Insight on How Financial Institutions Can Transform Treasury Management & Gain a Competitive Edge in Latest Whitepaper
OOLTEWAH, Tenn. – Sept. 20, 2018 – ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, today released its latest whitepaper, In the paper, ACH Alert reveals how banks and credit unions can transform their fraud prevention strategies to stop unauthorized transactions in the most cost-effective and convenient manner, improve the account holder experience, generate revenue and gain a competitive edge.
Traditional fraud prevention measures pose problems for today’s financial institutions, especially those that are seeking to expand or grow into new markets. This is because many fraud prevention services burden staff with manually reviewing for fraudulent transactions and reporting suspicious activity to the account holder. Not only is this expensive from an operational standpoint, as well as labor-intensive and time-consuming, these inconvenient methods can frustrate account holders, negatively impacting their experience with their financial institution. Addressing this issue should be a priority, as 78 percent of organizations across the U.S. experienced payments fraud in 2017 – a record high according to the
ACH Alert’s whitepaper explores how financial institutions can leverage actionable fraud prevention tools to make treasury management more profitable, retain existing and attract new account holders, improve the account holder experience and support their institution’s future growth. ACH Alert offers several best practices for achieving this, such as empowering account holders to detect and respond to suspicious transactions, automating the fraud detection and response process, and using the latest biometric technologies, like voice biometric authentication to balance the need for a secure and convenient banking experience.
” Banks and credit unions are no longer only competing with the financial institution down the block. To remain competitive in today’s market, financial institutions must provide services, experiences and technology that are compatible with the way consumers conduct their every day life,” said Deborah Peace, chief executive officer of ACH Alert. “By automating fraud detection and prevention, institutions can enhance the flow of transactions and add value to the account holder experience, which is crucial because the organization that is easiest to do business with ultimately gains the competitive edge.”
To download the whitepaper, visit .
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.