Advanced Fraud Solutions is now a Nacha Preferred Partner for Account Validation.
In becoming a Preferred Partner, Advanced Fraud Solutions joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.
“The ACH Network is essential for making sure individuals and businesses can send and receive payments quickly and safely,” said Jane Larimer, Nacha President and CEO. “We are happy to welcome Advanced Fraud Solutions as our newest Nacha Preferred Partner to support a fast and reliable ACH Network.”
Advanced Fraud Solutions is a leader in payments fraud detection, featuring the industry’s largest deposit fraud database with over 10 years of account-level historical data from thousands of contributing financial institutions, processors and third-party sources. Advanced Fraud Solutions is trusted by over 750 banks and credit unions across the country to catch fraudulent deposits before they hit your bottom line.
“To address compliance and help financial institutions move money safely across the ACH Network, Advanced Fraud Solutions launched TrueACH® with Account Validation – a new ACH tool that enables financial institutions to confirm account status and authorized user(s). We are honored to be recognized by Nacha for this solution and as a Preferred Partner,” said Ted Kirk, VP of Strategic Partnerships at Advanced Fraud Solutions.