DYNAMIC FRAUD ALERT SYSTEM

摘要

A financial Alert Management System (FAMS) is described that reduces the occurrence of a non-payment event where the a first financial institution (1st FI) refuses to pay a negotiable instrument generated by a Payor having a Payor account at the 1st FI, where the negotiable instrument has caused a non-sufficient funds (NSF) occurrence because the monetary amount of the negotiable instrument exceeds the available funds amount in the Payor account.