ACH Alert, an award-winning provider of electronic payments fraud prevention technology for financial institutions of all sizes, and Apiture, a leading digital banking provider, have entered into a strategic partnership to offer ACH Alert’s patented fraud detection services to Apiture’s more than 450 customers.
Through this partnership, financial institutions using Apiture’s online banking platform can now contract for ACH Alert’s Fraud Prevention HQ’s suite of services directly with Apiture. Apiture’s customers will access and benefit from ACH Alert’s Fraud Prevention HQ platform, the industry’s first exception decisioning portal that provides a fully integrated dashboard for a financial institution’s customers to make pay or no-pay decisions on suspicious payment activity across all payment channels.
“Apiture brings a full suite of consumer and commercial banking solutions to more than 450 financial institutions, and we are excited to partner with ACH Alert to further enhance our cash management solutions,” said Chris Cox, President of Apiture. “ACH Alert has long provided the industry standard for fraud protection for many of our customers. Formalizing this partnership will enable us to bring a more unified experience to our online banking customers.”
As part of this partnership, Apiture invited ACH Alert to lead a breakout session at Accelerate 2019, Apiture’s two-day user conference held October 7-9, packed with industry-leading speakers, best practices and insider updates on Apiture. During the panel, “Is winter coming? Protecting your institution and customers from payment fraud,” ACH Alert CEO Debbie Peace, Citizens Union Bank VP of Treasury Services, Genny Wenta, and Apiture VP of Products, Kellie Endres, discussed tools that enable financial institutions to remain constantly vigil in the fight against fraud. In fact, PYMNTS reported that nearly three-fourths of U.S. financial institutions have experienced growing losses attributed to online and mobile fraud, proving that fraud prevention tools are necessary to combat this continuous threat.
“This partnership demonstrates the industry’s need for sufficient fraud prevention tools that can be easily accessed by account holders through their online banking platforms,” said Peace. “Apiture is already equipping financial institutions with quick and straightforward payment options that their customers crave, so adding our tools into the mix will assist their customers in mitigating the risks associated with electronic payments. We look forward to this journey with Apiture and the value it will provide the entire industry.”