TrustRadius: an HG Insights company

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    FraudNet

    N/AN/AFraudNet from Fiserv is an automated transaction monitoring engine that helps financial institutions proactively identify potential fraudulent threats, mitigate risks and maintain regulatory compliancN/A

    PaymentWorks

    Score1 out of 10
    N/AN/AN/A
    Pricing
    FraudNetPaymentWorks
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    FraudNetPaymentWorks
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Features
    FraudNetPaymentWorks
    Fraud Detection Software Features
    Comparison of Fraud Detection Software Features features of Fiserv FraudNet and PaymentWorks
    Feature
    Fiserv FraudNet
    -
    Ratings
    PaymentWorks
    1.0
    1 Ratings
    136% below category average
    Anomaly Detection00 Ratings1.01 Ratings
    Timely Monitoring00 Ratings1.01 Ratings
    ID Verification00 Ratings1.01 Ratings
    User Interface00 Ratings1.01 Ratings
    User Ratings
    FraudNetPaymentWorks
    Likelihood to Recommend
    -
    (0 ratings)
    1.0
    (1 ratings)
    Usability
    -
    (0 ratings)
    1.0
    (1 ratings)
    User Testimonials
    FraudNetPaymentWorks
    Likelihood to Recommend
    Fiserv
    No answers on this topic
    PaymentWorks
    Appropriate only for US customers with domestic banking institutions who speak English fluently.
    Not appropriate for any foreign vendor to get paid in less than 6 months. The data is poorly designed. The software defaults to domestic banking information such as routing number. Vendors then choose check payments overseas which take 45 days and usually never arrive. I end up submitting the same payments over and over. Customers are always angry and I have no ability to help them.
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    Pros
    Fiserv
    No answers on this topic
    PaymentWorks
    • The data is kept secure
    Read full review
    Cons
    Fiserv
    No answers on this topic
    PaymentWorks
    • Software design especially in regards to entering foreign bank accounts
    • Customer service never really assists the customer
    • Admins are not notified when there is incomplete registration or problems with the information entered. We have to wait for the customer to contact us and by that time they are very angry and their payment is very delayed
    • The only language available is English. The tax forms are only available in English
    Read full review
    Usability
    Fiserv
    No answers on this topic
    PaymentWorks
    Administrators hate the system because they cannot see any information in order to assist customers. Customers hate it because registration is lengthy and difficult and only available in English
    Read full review
    Alternatives Considered
    Fiserv
    No answers on this topic
    PaymentWorks
    I was not involved in this choice and the people who chose the system are not end users of this software. The end user experience was never considered when this decision was made. Admins and customers hate PaymentWorks. It is only effective at wasting your time and money and employee resources
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    Return on Investment
    Fiserv
    No answers on this topic
    PaymentWorks
    • Zero return on investment. It takes 3 people to do the work that one person used to be able to manage.
    • The only way that I can find out if there are problems is if the customer contacts me about non-payment.
    • Zero integration with our accounting software. New vendors have to be manually transferred from PaymentWorks to the accounting software. Updates to PaymentWorks have to be manually carried from one system to the other. There are no notifications when these processes have been completed
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