Transaction Monitoring

Learn about transaction monitoring

Modern Treasury can monitor all of your bank payments, including originated (e.g. Payment Orders made with Modern Treasury) and non-originated (e.g. inbound ACH and Wire) transactions.

Transactions are scored using a combination of machine learning models and rules, powered by a variety of data signals, including bank consortiums, open banking, transaction, and device. Transaction monitoring can help reduce ACH returns, particularly unauthorized returns (e.g. (ACH return codes of R05, R07, R10, R11 and R29) and non-sufficient funds (e.g. NSF; ACH return code of R01). There are out-of-the box rules to help detect structuring behavior, and the device SDK can help detect payments being made from risky countries (e.g. OFAC sanctioned countries).

Modern Treasury's transaction monitoring system is deeply tied into payments. This makes it very easy to integrate; simply add a boolean to your API calls. Modern Treasury also receives ACH return data directly from banking partners, which can in turn be used to help you create new rules, to automatically blocklist fraudulent users, and detect fraud across Modern Treasury's broader customer network.

Modern Treasury's decisioning engine helps customers automate decisioning to reduce operational costs. See the Case Management section to learn more.

The following guide describes how to monitor Payment Orders and Incoming Payment Details.