To help you minimize potential fraud, Payveris has added a new PayWatch rule that will alert you when a P2P transaction is set to a routing number with known fraud association. This new rule goes into effect today, Wednesday, June 16th, 2021.
The rule name is Routing Numbers with Known Fraud Association and the description for the rule is as follows: Transaction being made to a routing number with a known fraud association and the Payee was added within the last 60 days. This rule has been set to the Rule Priority of 02 – alerts with 02 priority will process unless you choose a decision to stop the transaction by the cutoff time. If you would like to customize this rule or if you have any questions, please reach out to the SettleMINT EFT team.