Veritex Community Bank has several high-risk accounts and needed cutting-edge capabilities to streamline their ACH (Automated Clearing House) payments and RDC (Remote Deposit Capture) risk monitoring process. The electronic nature of ACH transactions, along with the fact they are done remotely, represent a higher level of risk than many other types of transactions. To make it simpler, far less time-consuming, and successfully manage the risk associated with ACH accounts, Veritex needed to fully understand the creditworthiness of the ACH originators.
Business Insights for Managing Clients, Vendors, Originators and Prospects