News

Risk monitoring service recognized as BAI innovation

November 13, 2007

NEW YORK, NY - CashEdge Inc., a provider of online fund transfers and opening and funding accounts online, has announced its enhanced risk monitoring service at BAI's Retail Delivery Conference. CashEdge's risk monitoring service will be highlighted as a "BAI Innovation Moment" and presented as a downloadable podcast from the BAI home page.

CashEdge's model evaluates transaction risk probability based on a set of monitoring criteria. Transactions are run through an automated scoring and rules engine, and queued in order of their assigned risk score. Suspicious transactions are investigated by fraud identification experts to determine and confirm account and transaction legitimacy.