Federal Reserve Bank: FedDetect Service

Designed to help your institution identify anomalous activity and supplement your fraud detection and alerting tools, the FedDetect service, a new addition to our FedACH Risk® Management Services, allows subscribed users to receive notifications via secure email when anomalous FedACH activity is detected. FedDetect Anomaly Notification for FedACH® Services launched January 2024 and is already providing hundreds of enrolled financial institutions with another layer of fraud detection and alerting tools.

Discover the benefits:

• - Identify atypical activity for the current day using baselines established for your financial institution's historical activity or by comparing your ACH transactions to industry rules
• - Receive timely notifications when anomalies are detected, allowing you to address concerns
• - Adhere to Nacha rules around notifications of change and help avoid future rule violations, contributing to overall efficiencies within the ACH network
• - Avoid overdraft situations by monitoring same-day activity at the final same-day deadline