Headquartered in Folsom, California, Laru Corporation is a revenue-producing, early-stage software provider serving the Automated Clearing House (ACH) risk and compliance sectors of the banking industry. The company expects to see increasing levels of interest by the banking industry in risk management and compliance software in light of recent events in the financial world. Currently, with three different software products targeting ACH fraud prevention, risk management, and compliance management (and more products in the development pipeline), the company is well positioned to become an important player in the ACH risk and compliance market sectors.
Work continues to make progress on the company’s new product offering, which is still expected to be released for general availability sometime in 2012. This product will play an important role for ACH bank customers in their risk assessment and management capabilities by allowing them to actually block potentially fraudulent ACH activity. With the volume of ACH transactions increasing at a rapid pace worldwide, Laru expects to see great interest in the new product when it is announced and released. A new product under development will address the wire transfer market, and provide similar benefits to the banking community that the ACH product supplies.
Recent News:
Laru Introduces Ach Vision At NACHA Payments 2010 to Solve Man in the Browser Fraud Attacks