The presented Same Day ACH infographic showcases Same Day ACH related important facts, phases of implementation, projected transaction volume, benefits, Same Day ACH fraud and its solutions. It also outlines the strategies for mitigating fraud risk with Quatrro’s fraud prevention solutions. Quatrro's transaction monitoring with an added layer of human intelligence support will provide financial institutions a quick, simple and secure way to deal with the fraud challenges with efficient fraud prevention services. Click to know more: http://quatrroprocessing.com/same-day-ACH-fraud-prevention.php

1. When the U.K. moved to faster payments in 2008,
U.K. banks saw a sharp spike in fraud as
criminals took advantage of the reduced time
frames for effective risk management, according
to Aite Group
Clients looking to reduce fraud will benefit most from a holistic
approach that includes multiple verification such as:
Six Sigma Trained fraud prevention analysts at Quatrro help with
a comprehensive and multi-layer Same Day ACH fraud
prevention mechanism. Quatrro’s Tailor-made services
significantly increase operational effectiveness and efficiency
while reducing losses
Quatrro’s Transaction Monitoring solution helps with Same
Day ACH fraud prevention and provides a quick, simple and
secure way to process ACH payments
As 93.6 % people believe that Same Day ACH is going to pose new fraud threats
Are You partnered with the right fraud prevention solution provider?
Alarming!
Sources-
www.lba.org/files/Susan%20Tiller%20-%20Same%20Day%20ACH-LBA-2015.pdf
www.neach.org/uploads/resources/doc/same_day_ach__request_for_comment__december_8_2014.pdf
www.bankinfosecurity.com/whitepapers/same-day-ach-payments-how-to-protect-transactions-from-fraud-w-2278
www.niceactimize.com/blog/Same-Day-ACH-Faster-Fraud-Takeaways-Industry-Experts-Chime-In--445
https://resourcecenter.nacha.org
www.cutimes.com/2016/04/25/3-ways-same-day-ach-may-change-credit-unions
The information has been consolidated by Quatrro's research team.
NACHA:National Automated Clearing House Association
RDFI: Receiving Depository Financial Institution
ODFI: Originating Depository Financial Institution
Respondents
Faster ACH Payment >> Increased Fraud
Will Same Day ACH pose new fraud threats?
Based on the
survey
conducted by
NICE Actimize
Existing ACH fraud solution coverage
Over 90% of banks believe that Same Day
ACH will lead to a Rise In Fraud and 70% are
using Manual Review
Source- NICEActimize Webinar May 2016
Contact Us-
Quatrro Processing Services Pvt. Ltd
Email: ankit.maharaj@quatrro.com
Website- www.quatrroprocessing.com