Centrix Introduces ACH Positive Pay to Detect Transaction Fraud in Commercial Payments

ACH Positive Pay from Centrix Solutions takes transaction fraud detection to a new level and gives financial institutions a competitive edge by monitoring electronic corporate payments for unauthorized or unusual ACH activity.

Lincoln, NE (PRWEB) April 22, 2008 -- Centrix Solutions Inc., a provider of risk management and workforce optimization products to financial service companies, today announced that ACH Positive Pay is now available within its comprehensive positive pay and check reconcilement system, Exact/TMS™. This enhancement allows financial institutions to take the fight against transaction fraud to a new level by offering corporate clients both check positive pay and ACH positive pay in a single, web-based solution.

The use of ACH transactions for corporate payments is on the rise, which increases the probability of ACH fraud from unauthorized or altered ACH transactions. This requires that both financial institutions and corporate customers act more diligently in managing ACH activity, and Exact/TMS™ provides an effective solution that enables commercial customers to monitor and control their ACH activity with positive pay functionality.

By offering a proactive ACH monitoring service, we are able to provide a unique service to corporate clients that most other banks in our market do not. And, the automated, self-service design of Exact/TMS™ means that our clients have complete control through an easy online channel that is backed by Georgian Bank's distinctive customer service.

Connie Livingston, Senior Vice President and Cash Management Product Manager at Georgian Bank, in Atlanta, Georgia, feels strongly that offering ACH positive pay services gives her bank a competitive edge. "By offering a proactive ACH monitoring service, we are able to provide a unique service to corporate clients that most other banks in our market do not. And, the automated, self-service design of Exact/TMS™ means that our clients have complete control through an easy online channel that is backed by Georgian Bank's distinctive customer service."

ACH positive pay is a fraud detection service that financial institutions offer corporate clients to proactively monitor incoming ACH activity. Using Exact/TMS™, every ACH transaction that is presented for payment is scrutinized against an account's ACH rules to determine whether a transaction warrants further review. ACH rules define pre-approved ACH activity for an account and can also provide general guidelines for ACH activity on an account. If an unauthorized or unusual ACH item posts, the rules determine whether the item requires a pay/return decision or whether an email alert should be sent to the client. If a pay/return decision is warranted, the ACH transaction is included in the positive pay exception list presented to the customer.

About Centrix Solutions, Inc.
Centrix Solutions, located in Lincoln, Nebraska, provides financial institutions with products and services to help manage risk and optimize efficiency. With a product line that encompasses financial services, human resources management and systems management, Centrix provides clients with a broad array of strategic technology solutions. The Centrix professional services team evaluates technology needs, provides expert advice, and develops custom solutions for unique business problems or systems integration projects. More information can be found at www.centrixsolutions.com.

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