Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News

10:33 AM
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

Fundtech, Guardian Analytics Announce New Fraud Prevention Solution

The two companies announced a jointly owned product at NACHA Payments 2013 designed to deliver behavior-based, real-time fraud prevention.

Guardian Analytics, a provider of behavior-based fraud detection solutions, and payments software company Fundtech have partnered on a behavior-based fraud prevention solution for real-time wire processing.

The solution, announced at the NACHA Payments 2013 conference this week in San Diego, is called FraudMAP Wire for PAYplus and integrates Guardian Analytics’ FraudMAP Wire solution with Fundtech’s payment platforms: PAYplus USA & PAYplus Connect.

According to the two companies, the product combines behavioral analytics and intervention capabilities with real-time wire transaction processing, delivering fraud prevention as part of a streamlined workflow for managing wire transactions and automatically releasing low-risk wires while holding high-risk wires for investigation.

The solution automatically receives all wire transactions from the PAYplus systems for risk scoring and analyzes each transaction in real time across a wide range of potential risk factors for any anomalies in originator behavior, according to the two firms.

[See Also: Fundtech And Accenture Partner On Liquidity Management]

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.