Human Intervention with Machine Intelligence Is the Key to Fraud Mitigation
QPS with its extensive and varied experience in cross-channel fraud detection offers highly focused, end-to-end (E2E) same day ACH fraud mitigation services, available 24*7*365 days. This is especially beneficial during weekends, holidays and spikes volume. QPS brings together an amalgamation of machine learning and human eye review to ensure that FIs don’t lose any time and money against the fraud.
It is no more helpful to just flag suspicious batches without any context under the assumption that fraud prevention analysts initiate the investigation. To eliminate the weaker element, QPS fraud prevention analysts have gone beyond the traditional methods to behavioral analytics and eliminate all payment fraud from the Same Day ACH transactions.
QPS’s Innovative Fraud Prevention Solution Helps Beat the Clock
Real Time Transaction Monitoring
Real-time monitoring is the most important enhancement in the system for same day ACH fraud detection. QPS fraud prevention analysts ensure that the legitimacy of the payments are verified in a real-time environment so that there remains enough time for the settlement process to help FIs manage the ACH payments on the same business day.
Higher Accuracy with Managed False Positives
QPS ensures to invest the optimum number of resources, modern technologies and well-defined algorithms for verifying same day ACH batches and catching fraud promptly by minimizing incorrect declines.