For Immediate Release Contact: Debbie Peace
(423) 265-8961 (x100)
Associated Banc-Corp Signs Multi-Year Agreement with ACH Alert to
Provide Business Accounts with New Solutions to ACH Fraud
User-Friendly Software Eliminates ACH Debit Filters
(Chattanooga, TN) March 1, 2011 -- ACH Alert announced today it has reached an agreement
with Green Bay, WI-based Associated Banc-Corp (NASDAQ: ASBC), to provide commercial accounts
with real-time, actionable alerts when an ACH debit is presented for payment.
“This is going to be a strong product for our customers,” said Doug Milway, senior vice president
for Product Management at Associated Banc-Corp. “Blocks and filters are the most popular products we
sell today and ACH Alert’s new product can further enhance the value we provide our business
“ACH Alert’s solution offers Associated increased fraud protection without significantly increasing
their overhead or adding to the administrative responsibilities of their commercial accounts,” said Debbie
Peace, CEO of ACH Alert. “We are excited about this opportunity to work with Associated Banc-Corp to
provide their customers with the most advanced fraud protection available.”
ACH Alert’s automated processes provide real-time protection for commercial clients and
automated return and re-credit processes for the financial institution.
“I think this can give us a competitive edge in the marketplace,” said Milway. Milway sees
automation as the differentiating factor of ACH Alert’s product since it features: same-day notification,
customer controlled accounts and same-day return if an ACH item is not authorized.
Commercial, mid-size and small business accounts are all subject to the same limited return
window of one to two days if they are victims of an unauthorized ACH debit. With this new software, real-
time detection and immediate response to an unauthorized ACH transaction are available to prevent
financial loss. Traditional methods practiced by most financial institutions in protecting business accounts
include ACH debit blocks and filters.
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The more restrictive ACH debit block results in a systematic return of any ACH debit that is presented
providing complete protection against unauthorized ACH debits while also preventing a business from
leveraging the cost-reducing benefits of ACH. The labor intensive ACH debit filters provide some flexibility but
require a business to obtain the company ID that a trading partner will use in their ACH transactions. The
business must provide the ID to the financial institution, which must then setup the ACH filter. ACH Alert’s
service eliminates both problems.
“The ACH Alert software grants the financial institution’s commercial accounts complete control
of the ACH payment process,” said Peace.
The ACH Alert service enables clients to specify the method in which they wish to be notified,
SMS text or email and the conditions that must exist to create an alert. Once alerted, the client can login
to Associated Banc-Corp’s web portal, view the ACH transaction and allow it to pay or return it. If
desired, the client can identify transactions coming from trusted trading partners and add them to an
Approved List, which minimizes the number of unnecessary alerts they receive in the future.
About ACH Alert
ACH Alert provides innovative fraud detection services to financial institutions ranging from community banks to top tier financial
institutions. With more than 20 years of industry experience, the founders of ACH Alert are dedicated to assisting financial
institutions in mitigating the risks associated with electronic payments. For more information, visit www.achalert.com
About Associated Banc-Corp
Associated Banc-Corp (NASDAQ: ASBC) has total assets of $22 billion and is one of the top 50 financial services holding companies
operating in the United States. Headquartered in Green Bay, Wis., Associated has 280 banking locations serving more than 150
communities in Wisconsin, Illinois and Minnesota. The company offers a full range of banking services and other financial products and
services. More information about Associated Banc-Corp is available at www.associatedbank.com.