ACH Positive Pay
PRO-TECH is our patented ACH positive pay technology that puts the control of pay/no pay decisions for incoming ACH debits into the hands of your account holders. PRO-TECH CR is available for incoming ACH credits.
PRO-TECH triggers an actionable alert when an ACH transaction hits their account, enabling the account holder to prevent unauthorized ACH entries immediately.
This real-time ACH approval process, which can occur before a transaction posts, allows your account holder to easily identify trusted trading partners and to automatically populate an ACH filter for future transactions, eliminating the need to maintain ACH blocks and legacy, labor-intensive ACH filters.
The ability to present a pre-populated Written Statement of Unauthorized Debit when the SEC code requires such an instrument makes returning unauthorized ACH debits of all types a simple, low-cost, no-risk proposition for RDFIs. Returns (and re-credit entries when applicable) are systematically created and properly coded, completely automating the exception handling process!
Corporate, small business and consumer account holders can derive equal benefit from this advanced ACH fraud protection. Rapid advances in mobile and online technologies have enabled real-time delivery of notifications through multiple channels and receipt of real-time responses. By leveraging these advances in technology and our extensive knowledge of the ACH network, we have created a solution that will reduce fraud, drive down costs, protect account holders, generate revenue and thus increase profitability for financial institutions.
PRO-TECH requires no systems integration; it simply inserts into the process flow for financial institutions that receive their own incoming ACH transactions and process in-house. If your financial institution uses a third party to receive your incoming ACH items, no problem.
The Federal Reserve Bank offers an Information Extract File that can provide the necessary information without impacting live file processing. ACH Alert can be designated to receive it via our Fed Command connection, or your financial institution can receive it for use with the PRO-TECH system. With all these options, ANY financial institution, regardless of processing scenario, can offer PRO-TECH to their account holders.
Learn about PRO-TECH CR, protection for incoming credits.