With NACHA's recent announcement on the implementation of same-day ACH (Automated Clearing House) payments to start in September 2016, banks need to be prepared as the impact on treasury and fraud personnel at a bank will be significant. This will result in lesser time to review and approve suspicious transactions.
BioCatch's cognitive profile improves the efficiency and security needed to move to same-day ACH payments by arming fraud teams with relevant data to make better real-time decisions.
Download the white paper to learn:
- The time-frame for Same-Day ACH Payments
- Why faster ACH payment = Increased Fraud
- How Behavioral Biometrics can help banks meet the time limit for transaction approval
BioCatch will be holding a webinar Validating Same-Day ACH Payments with Behavioral Biometrics on Thursday, February 18, 2016. Please join our webinar by registering here.