Easy Solutions, the Total Fraud Protection company, has signed an agreement with Fundtech, a global transaction banking solutions firm, to implement its payment and fraud protection technologies.
Under the terms of the deal, Fundtech’s PAYplus payment platforms – PAYplus Connect and PAYplus USA with DetectTA – will be integrated with Easy Solutions’ transaction anomaly detection offering within its Total Fraud Protection platform.
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The combined solution will offer seamless fraud protection as part of a streamlined workflow for managing wire transactions, and clearing low-risk wires while isolating high-risk wires for investigation.
Fundtech, US payments product management, senior vice president Tony Salamone, said: "Fundtech is constantly looking for best-in-class and innovative anti-fraud solutions that will give financial institutions a competitive advantage in protecting their customers."
"By integrating the key capabilities of Easy Solutions’ DetectTA with Fundtech’s PAYplus, we are creating a powerful solution in the market that will help organizations close vulnerability gaps in wire transactions."
DetectTA qualifies a transaction’s risk in real time, based on a heuristic profile of the user’s behavior, according to the company.
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By GlobalDataBehavior-based monitoring technology of DetectTA performs cross channel analysis to detect high-risk wires initiated across banking channels – call center, fax, branch, email, mobile and online.
