ACHtransfers offers a wide array of Risk & Compliance solutions to help you do multiple things exceptionally well, including:
- Automation and streamlining of your accounting operational and financial controls for improved accuracy and maximization of efficiencies
- Detection, analyzation, management and prevention systems of various types of financial risk to minimize losses, maximize profits and preserve the customer experience you require
- Simplification of regulatory compliance issues in order to protect your good reputation
ACHtransfers takes security very seriously. Our State-of-the-Art platform uses the latest security tools and ensure that all information, including bank account information, is stored fully encrypted.
Service Organization Controls (SOC) reports are designed to help service organizations that operate information systems and services other entities to build trust and confidence in their service delivery processes/systems and utilization of controls through a independent report by a Certified Public Accountant. ACHtransfers obtains an annual Type 2-SOC2 report, which is a report on controls placed in operation at a service organization relevant to security, availability, processing integrity and confidentiality, and robust tests of their operating effectiveness.
ACHTRANSFERS ADVANCED DATA SECURITY
At the core of every ACHtransfers solution is our commitment to the highest levels of data security and financial controls. We store your confidential data and handle the exchange of funds with protocols that exceed industry standards for data logging, data backup, data archiving, disaster recovery and security monitoring. We comply with the requirements of the Health Insurance Portability and Accountability Act (HIPAA) and are also PCI compliant.
In addition, ACHtransfers employes a sophisticated Intrusion Detection Service (IDS) with the latest defenses against stealthy and suspicious network activity. Our IDS service alerts you of any attempt to access your network by unauthorized third parties.
OFAC AND ANTI-MONEY LAUNDERING (AML) CONTROLS
Our Solutions include:
- Fraud Risk and AML Compliance Management are predictive analytics-based solutions for fraud and money laundering detection and mitigation provide a deep defense that “de-risks” the life cycle of a transaction by sharing data across control points. All transactions are screened through the OFAC database on Specially Designated Nationals (SDNs) which includes individuals and countries (e.g. Syria, Iran, etc.) that are sanctioned from participating in U.S. commerce
- Financial Performance and Risk Management offer comprehensive reporting solutions for budgeting and planning, financial accounting, and funds transfer pricing
ACHtransfers understands that Financial institutions are the backbone of the global economy, processing trillions of dollars daily. We employ strategies to help our clients to effectively manage the numerous complex risks and regulations associated with the movement of money through the ACH banking network.