Fraud Prevention - WTS is on the cutting edge of fraud prevention and consumer authentication for ACH transaction processing.
WTS has developed it's own proprietary fraud control system called T.O.A.S.T. (Total Online Acceptance Scoring Test). It utilizes ABA to Account algorithm testing, account number verification, and various databases/processes to authenticate consumers (including out of wallet questions) and makes use of the largest negative and positive databases in the industry.
In addition, each new consumer transaction is reviewed by a fraud specialist to further validate initial transactions. Our fraud mitigation system significantly reduces the likelihood of erroneous and unauthorized transactions from entering the ACH network.