Description

FedDetect Anomaly Notification for FedACH® Services launched January 2024 and is already providing hundreds of enrolled financial institutions with another layer of fraud detection and alerting tools.

Discover the benefits:

• • Identify atypical activity for the current day using baselines established for your financial institution’s historical activity or by comparing your ACH transactions to industry rules
• • Receive timely notifications when anomalies are detected, allowing you to address concerns
• • Adhere to Nacha rules around notifications of change and help avoid future rule violations, contributing to overall efficiencies within the ACH network
• • Avoid overdraft situations by monitoring same-day activity at the final same-day deadline
• • Monitor micro-entry origination and receipt activity against historical baselines
• • Leverage FedLine Advantage® or FedLine Web® for historical reporting with download capabilities

FedDetect Anomaly Notification (frbservices.org)

Speaker:  Della Tate – Federal Reserve Bank 

Della joined the Federal Reserve in 1996, transitioning from Financial Services sales to product management. She brings over thirty years of payments industry experience to the development and research of new and enhanced products that meet the evolving needs of retail payments customers. Della received her MBA from Loyola College in Maryland, is a Maryland Banking School alumnus, and maintains her designations as an Accredited ACH Professional and Certified Treasury Professional. Outside of work, Della enjoys time with family, outdoor activities with friends, and traveling to new locations whenever possible.