$62 trillion was transferred in the US via ACH in 2020. Efficiency is everything – but not at the expense of high risk. Consumers want their money transferred faster than the several days that ACH typically takes – but with speed often comes risk in ACH processing.
Mitigating ACH risk requires sophisticated cashflow and risk analysis in order to:
- Ensure that the transfer to pay off a balance can clear
- Understand historical transfer behavior
- Detect return behavior for identifying potential chargeback fraud
- Reduce the time consumers have to wait for an ACH transfer