Fraud prevention.

• Position: Technology Tools - Brief Article

LaSalle Bank has brought out a new fraud-fighting weapon it calls ACH Control. This service allows companies to stop unauthorized automated clearing house (ACH) debits before they hit their accounts, helping to protect them from fraudulent transactions

Billions of dollars are lost each year to fraudulent checks and unauthorized electronic payments in the U.S., and that number continues to rise. Chicago-based LaSalle's newest service allows customers to log in and view all ACH debits received for posting to their accounts each day.

ACH Control is flexible, LaSalle says, letting customers choose which prevention features work best for them. For example, a company can choose to block all ACH debits to its accounts, and LaSalle will automatically return any received ACH debit as unauthorized. Another option allows customers to grant permission to specific parties to debit their accounts. ACH debits that meet the authorization criteria are...