Fraud Monitoring vs. Transaction Monitoring - Key Distinctions to Know for the New Nacha Rule
Nacha’s new Fraud Monitoring Rule (the “New Rule”) requires risk- and role-based fraud monitoring. It explicitly applies to banks (ODFIs) as well as their non-consumer customers that submit ACH Entries on behalf of themselves or third parties. Nacha has created a list of vendors that provide…
Lexalign introduces Security for Electronic Banking Self-Assessment
Helping banks’ business customers self-assess and manage their security risk. AUSTIN, Texas – April 19, 2023 – Lexalign PBC, a leading provider of solutions that empower frontline fraud defense, announced today the introduction of a new product—Security for Electronic Banking Self-Assessment.…