ACH Alert and Apiture Partner to Offer Powerful Payments Technology, Fraud Prevention Services
OOLTEWAH, Tenn.--(BUSINESS WIRE)--Nov 19, 2019--
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.”
Apiture is a digital banking solution, serving over 450 financial institutions across the United States. As a joint venture between First Data Corporation (now Fiserv, Inc.) and Live Oak Bank, a leader in small business loans, Apiture was created in 2017 to create the digital banking platform of the future. Apiture offers competitive retail and commercial digital solutions across channels including online, mobile, voice, and watch. Apiture was recently recognized as The Best Solution for Customer Experience by FinXTech, powered by BankDirector and has been named on American Banker’s Best Fintech to Work For 2019.
About ACH Alert
Founded in 2007, ACH Alert provides patented, innovative fraud detection services to financial institutions ranging from community banks to top tier financial institutions. Relying on more than 25 years of industry experience, ACH Alert assists financial institutions in mitigating the risks associated with electronic payments. ACH Alert is the 2012 recipient of the Kevin O’Brien ACH Quality Award, the highest award for quality in the ACH Network industry. For more information, visit www.achalert.com, or follow them on Twitter @ACHAlert, Facebook, or LinkedIn.
View source version on businesswire.com:https://www.businesswire.com/news/home/20191119005121/en/
CONTACT: Augusta Bauknight
KEYWORD: TENNESSEE UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES SECURITY TECHNOLOGY MOBILE/WIRELESS SOFTWARE FINANCE BANKING
SOURCE: ACH Alert
Copyright Business Wire 2019.
PUB: 11/19/2019 07:01 AM/DISC: 11/19/2019 07:01 AM