Billions of dollars are lost each year to fraudulent checks and unauthorized electronic payments in the U.S., and that number continues to rise. Chicago-based LaSalle's newest service allows customers to log in and view all ACH debits received for posting to their accounts each day.
ACH Control is flexible, LaSalle says, letting customers choose which prevention features work best for them. For example, a company can choose to block all ACH debits to its accounts, and LaSalle will automatically return any received ACH debit as unauthorized. Another option allows customers to grant permission to specific parties to debit their accounts. ACH debits that meet the authorization criteria are automatically posted by the bank. Any unauthorized debits are made available to the customer for review and disposition.
While fraud prevention was the key driver in developing ACH Control, the service has other time-saving attributes, LaSalle says. Users can search and view ACH transaction data, receive automated notifications on activity, input control totals and manage ACH origination file schedules, with just the click of a mouse.
ACH Control is available through CashPro [R] Web, LaSalle's online treasury management solution. CashPro Web provides users with anytime, anywhere access to perform critical treasury management transactions easily and securely.
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|Title Annotation:||technology Tools|
|Article Type:||Brief Article|
|Date:||Dec 1, 2003|
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