Argos Risk Introduces a Powerful Industry Solution for Risks Related to ACH Transactions Processed by Third-Party Senders
Financial institutions face multiple levels of risk when processing ACH transactions for Third-Party Senders and their originating customers. Argos Risk has developed a patent pending analysis method that allows banks and credit unions to more effectively manage the risk associated with these transactions.
Argos Risk, a leading provider of SaaS technology solutions that enable companies to proactively manage credit risk and protect against business identity fraud, recognized a tremendous need for a solution to manage Third-Party Sender Risk. Expanding on its flagship product, Argos Risk Online, the company created the industry’s first turnkey software solution designed specifically for Third-Party Sender ACH risk management.
Lori Frank, President of Argos Risk, explains how Argos Risk Online works: “Our technology allows ODFIs to enter basic information on their Third-Party Senders and their originating customers such as the company’s name, website address, and mailing address. Argos Risk Online has access to multiple data sources that generate analytical insight on the originating companies. Our sophisticated systems leverage tremendous of amounts of data and employ algorithms and patent pending analytics to make it possible for ODFIs to quickly and easily view specific information on Third-Party Senders and their originating customers.”
In addition, Argos Risk Online allows ODFIs to set specific risk tolerance levels and create measurable analytics for each business entity in order to more closely monitor its origination activities. Finally, this technology solution allows ODFIs to generate reports on any Third-Party Sender or any of their originating customers at any given time.
For an in-depth look at Third-Party Sender risk check out Argos Risk’s latest white paper, “Don’t Originate in the Dark: Shine Some Light on Your Third-Party Senders and Their Originators” written by Steve Foster, Founder and Chairman. For a free copy of the white paper, visit click here to download now.
The Argos Risk executive management team is actively involved in providing education and information industry-wide on ACH Risk Management. On October 29, Brent Siegel, Vice President, will be presenting at the 2013 EPCOR Payments Conference in Overland Park, KS, on the topic of ACH Regulatory and Compliance Issues. Siegel, along with a panel of experts, will explore best practices and solutions.
Argos Risk, based in Minneapolis, Minnesota, specializes in the development and delivery of B2B credit risk management and business identity protection technology solutions. Our solutions include Argos Risk Online and Argos Risk Defender that help small and medium-sized businesses stay proactive in managing their business risk with actionable online dashboards and 24x7 business alerts. For more information, visit www.argosrisk.com or call 1-877-747-5411.
Argos Risk is a registered trademark of Argos Risk LLC. All other trademarked names are the property of their respective owners.