Columbus Community Bank has selected ACH risk management company, ACH Alert, to provide fraud protection services (view press release). ACH Alert provides its clients with patented automated processes, real-time transaction level protection for commercial and individual customers, simplified identification of trusted trading partners and valid payment recipients, and facilitation of electronic transaction disputes between the financial institution and their clients. ACH Alert claims its fraud protection system has enabled its clients to prevent around USD20 million of potential fraud.
Columbus Community Bank aims to implement the fraud protection services this autumn.
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