How behavioral data can safeguard A/P processes
If your company is looking for an added level of security when it comes to electronic payments, ask your bank about this feature. 
Banks are now using behavioral data to compare employers’ previous Automated Clearing House (ACH) payment activity with new requests that come in.
Here’s an example of how banks use behavioral data: If a company’s A/P department typically pays a certain vendor via ACH right on the 10th, but requests have been scheduled on both the the 2nd and 20th, the bank will automatically flag those requests to make sure there’s nothing amiss.
Behavioral data comparisons combined with standard ACH-security measures (i.e., excessive payment amounts or unapproved vendors being flagged) can go a long way toward protecting your firm against payment fraud.
Readers, does your bank compare behavioral data when it comes to your electronic payments?
- Share on
Free Training & Resources
White Papers
Provided by UJET
Further Reading
Did you hear about the Snowflake hack? Snowflake is a cloud computing company that got blasted by a series of attacks earlier this spring. ...
When a natural disaster hits, you’ll be focused on ensuring your people and property are safe. Details like tax deadlines may not be ...
Low-dollar-amount errors that appear on Form W-2 won’t lead to penalties. That’s the official word contained in final regulations from ...
Accounting firms face tougher fiduciary duties as the result of three new federal rules. The Securities & Exchange Commission (SEC) ...
Before we get too far into the new year, double-check that all changes to state income tax rates and laws have been caught. Better for P...
The IRS summarized several tax provisions of the One Big Beautiful Bill Act (OBBBA) in the 2026 version of Publication 15. Publication 1...
