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To monitor its growing volume of automated clearing house (ACH) transactions, Fremont, Calif.-based Fremont Bank rolled out the ACH Clarity product from Laru Corp. (El Dorado Hills, Calif.). ACH Clarity, which runs as a complementary platform to Fremont's core ACH processing system, monitors incoming and outgoing ACH traffic among participating financial institutions.

Using ACH Clarity, Fremont Bank's deposit operations staff receives daily alerts and reports that identify pipeline anomalies. These capabilities have given the bank an automated means to identify potentially troubling transactions and efficient tools to research the source of the issues, according to the bank. In addition, information that historically took hours to compile is available within seconds.

"From the beginning of implementation, Laru's ACH Clarity product has provided Fremont Bank with vital information concerning ACH activity on customer accounts," said Patti Greenup, director of deposit operations at Fremont Bank, in a release. "Because of ACH Clarity, we have now achieved scalable efficiencies that allow the bank to expand our existing controls and decrease our levels of ACH risk exposure while providing increased protection for our customers." 

By Nancy Feig
Bank Systems & Technology
October 30, 2007