Account Management Tools are used to determine the ownership type, date opened, account type and other special settings or exception rules. The JMFA FraudMANAGER® system also performs the "Account Discovery" process with every file input to look for new accounts and set them up automatically.

During the installation, an initial account table will be created with the account numbers, titles, opening date, account type, and ownership type. With these settings, the system is ready to go. If a transaction is received in a file that is not found in the table, it is automatically added as an "unverified" account and the institution can review and confirm these items in the ACCOUNT REVIEW procedures.

JMFA FraudMANAGER® has default values that can be automatically assigned to the newly discovered account. However, there are other options available including the editing of the data, removal of the account, or re-linking to another valid account. The critical information for the tests includes the "date opened" and the "ownership type." These settings provide the means to establish different limits for large items or other tests based on the owner.

The system also supports the ability to have multiple transit/routing numbers with the same account (in the event of a merger) or the creation of a CIF relationship. The accounts are searchable and editable at any time. The system even has an over-ride large-item limit setting at the account level. This feature provides the ability to look at every item over that account-specific limit for either an ACH or MICR-based transaction.