Los Alamos National Bank of New Mexico has installed ACH Alert's PRO-TECH service to add another layer of security to its account holders.
ACH Alert’s technology allows account holders to make the decision to pay or decline incoming electronic debits, preventing fraud and theft.
Customers receive an alert when an electronic debit hits their account, enabling them to detect fraudulent entries immediately and return them instantly. All of this is done without a financial institution’s intervention, a time-saving benefit for businesses both large and small.
Los Alamos National Bank president Steve Wells said ACH Alert has a proven track record for delivering technology solutions that can provide another layer of fraudulent transaction safeguards to our customers.
"In addition to helping us improve service to our customers, PRO-TECH captures revenue opportunities that we’d otherwise miss out on," Wells added.
ACH Alert CEO Debbie Peace said fraudsters are continually finding ways to circumvent traditional security methods, leaving financial institutions and their account holders at risk.
"PRO-TECH is part of a layered approach to fraud prevention that shifts control of the pay/no-pay decision to the customer, an option most account holders crave," he concluded.