Guardian Analytics has launched a behavior-based fraud prevention product, FraudMAP ACH.
FraudMAP, part of the Mountain View, Calif., company's multichannel product portfolio, automatically analyzes ACH batches and transactions and prioritizes the highest risk payments for review, Guardian said Monday. It uses the company's proprietary analytics, Dynamic Account Modeling, to monitor originator and recipient behavior for anomalies relative to typical behavior.
According to the company, the software automatically identifies high-risk batches and individual transactions buried deep within very large ACH files, including payments where only details of single line items have been modified. It can eliminate the need to maintain rules, limits and negative lists and then manually comb through long exception reports.
