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Topical Talk: Introducing FedDetect Anomaly Notification


Date 04:20 PM - 05:10 PM (0 hours 50 minutes)
Tuesday, May 07
Topical Talks

FedDetect Anomaly Notification for FedACH® Services launched January 2024 and is already providing hundreds of enrolled financial institutions with another layer of fraud detection and alerting tools. The talk will dive into the benefits including identifying atypical activity for the current day using baselines established for your financial institution’s historical activity or by comparing your ACH transactions to industry rule and receiving timely notifications when anomalies are detected, allowing you to address concerns. Additionally, the speaker will discuss how FedDetect can help financial institutions adhere to Nacha rules around notifications of change and help avoid future rule violations, contributing to overall efficiencies within the ACH Network, as well as avoid overdraft situations by monitoring same-day activity at the final same-day deadline.


della tate
Della Tate, AAP
Program Director - Retail Payments
Federal Reserve Financial Services