Early Warning's industry-leading deposit and payment solutions serve to mitigate fraud with advance notification of
high-risk deposits and payments from all channels.
Deposit Chek Service, available in Real-time and Batch, sets the standard in helping to prevent deposit fraud, whether check or electronic transfers, and expedite funds availability decisions. This cross-institution solution, fueled by the National Shared DatabaseSM Resource, the industry's most current and accurate source of collaborative financial data, is able to provide responses on 95% of open and active draftable and non-draftable checking and savings accounts in the U.S.
Batch Deposit Chek Service with Duplicate Item Detection now enables FIs to optimize their mobile remote deposit capture strategy by cross-checking deposits made at teller windows, ATMs, back offices, and via mobile devices.
Payment Chek Service, available in Real-time as well as a Day 2 Batch option, is the first and only technology to utilize industry contributed account data to support payment enrollments – whether check, ACH or wire and identify potentially high-risk payments made from checking accounts.
Real-time Payment Chek Service with Account Owner Authentication leverages the collaborative intelligence of the National Shared Database Resource to authenticate Demand Deposit Accounts (DDA) ownership, account signatory, and account status – providing inquiry responses in real-time. Now, merchants and billers can mitigate insufficient funds (NSF), reduce administrative and unauthorized ACH returns and account takeover fraud, while reducing costs and better enabling a positive customer experience.
NACHA Announces Early Warning as its Preferred Partner for Account Validation Services
NACHA’s Preferred Partner program identifies leading providers and innovators that work with NACHA to advocate for and educate the industry on technology and best practices in support of the ACH Network and ACH payments. Early Warning was selected as the first and currently only Preferred Partner for its account validation service.
In addition to mitigating payment fraud for commercial businesses, Early Warning is also helping tax agencies to confirm taxpayer identities and deposit account information do, in fact, match before tax refunds are paid out. The service, known as Account Owner Authentication (AOA) for Government, is powered by the National Shared Database Resource, the industry’s most current and accurate cross-bank resource.