LAS VEGAS — CashEdge Inc. has introduced an enhanced risk monitoring service for its account opening and funding and online transfer solutions.
The New York-based company made the announcement at the BAI Retail Delivery Conference.
The service automatically scores transactions using a rules engine and alerts fraud identification experts to investigate anything that raises suspicions. Confirmed fraudulent transactions are then stopped and all affected financial institutions in the CashEdge network are alerted.
The CashEdge risk monitoring service was recognized as a "BAI Innovation Moment" at the show. A downloadable podcast on it is available from the BAI home page at http://www.bai.org/retaildelivery/podcasts.asp.
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