What is Transaction Monitoring?

Transaction monitoring is a service that allows members to link and monitor their financial accounts, such as bank accounts, credit card accounts, 401k, and investment accounts, in one place. It helps detect early signs of fraud or suspicious spending activity by setting alert thresholds for each type of account. When a transaction exceeds these limits, the member receives an alert, allowing them to take immediate action. Transaction monitoring is an essential tool in identifying and preventing fraudulent activities in financial accounts.