Nacha announced that Flagright has become a Nacha Preferred Partner for ACH Compliance, Fraud Monitoring, and Risk and Fraud Prevention.
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Organizations use Flagright’s transaction monitoring engine to keep watch on incoming and outgoing payment activity, identify deviations from expected behavior, and prioritize alerts according to their own risk policies. Flagright evaluates ACH payments using several factors including transaction and account behavior, amount, customer and counterparty history, and machine-learning anomaly detection. Customer-configured rules can identify patterns such as rapid movement of funds, unusual payment behavior, account takeover indicators, mule activity, and multi-account abuse.
“Safety is paramount to all ACH Network payments, and fighting fraud is of the highest importance for Nacha,” said Jane Larimer, Nacha President and CEO. “We are pleased to welcome Flagright as a Nacha Preferred Partner.”
“ACH is one of the most important payment systems in the United States, and its continued growth depends on fraud and compliance controls that can keep pace with changing criminal behavior without creating unnecessary friction for legitimate payments,” said Baran Özkan, Flagright Co-founder and CEO. “Becoming a Nacha Preferred Partner gives Flagright a stronger forum to engage the payments community, share practical approaches to real-time, risk-based monitoring, and help institutions connect ACH fraud detection, AML controls, investigations, and governance in one operating system. We look forward to supporting a safer, more resilient ACH ecosystem.”
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