FraudMAP ACH-RDFI is a new product from Guardian Analytics, a known and trusted pioneer on behavioral analytics solutions for protection against banking fraud. FraudMAP ACH-RDFI offers proactive identification of suspicious ACH transactions, online, on mobile, or other electronic devices.

Financial institutions are faced with multiple contemporary threats – greater transaction volume, the rise of economic crime and online fraud, and the subsequent loss of customer trust.

This harsh reality makes increased safety measures against banking fraud a priority, according to Craig Priess, founder and vice president of products at Guardian Analytics.

Research data confirms these claims: the number of non-card fraud victims has nearly tripled in the previous year, according to 2013’s Javelin Research study.

In combination with Guardian Analytics’ original ACH offering, FraudMAP aids financial institutions, by increasing their control over customer transactions. Guardian Analytics’ patented behavioral analytics are used to analyze ACH receiving files for suspicious transactions. The need for manual review is minimized, and a safer transaction environment is guaranteed. That, in turn, leads to increased customer satisfaction and loyalty.

With the FraudMAP ACH-RDFI, financial institutions can now proactively prevent fraudulent debits to customer accounts, as well as guarantee safer cross-border payments, POS transactions originating from customer accounts, P2P transactions, and bill pay.

The FraudMAP ACH-RDFI also guarantees safer check transactions, as it allows the identification of duplicate check numbers and suspicious check number sequences. It also aids the institution with the detection of suspicious activity into potential mule accounts, or large credits. Lastly, it increases the institution’s visibility into trends in customer payment activity, with emphasis on alternative payments linked to bank accounts.