Tag it – Transaction Tagging for Pay by Bank Evolution

As pay by bank grows and expands into new – and potentially higher risk – use cases, transaction tagging is necessary to risk score and screen transactions for fraud and scams.   Tagging also allows for increased insight into market trends to inform everything from product strategy to customer servicing in the back end.  The range of elements to be tagged spans use case, industry segment, sender ID, and one time vs recurring.  Learn how tokens are being used to secure account numbers, but also capture this key data without impacting the ACH message.  Learn how this new method detected a more than 3x increase in risk for certain use cases such as commerce and high-risk A2A transfers.

Speaker:

Matthew Friend, J.P. Morgan

*This recording is not eligible for continuing education credits. 

Tags: Tagging, Transactions, Sender ID