Fiserv FraudNet vs. PaymentWorks

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FraudNet
Score 0.0 out of 10
N/A
FraudNet 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
Score 1.0 out of 10
N/A
N/AN/A
Pricing
Fiserv 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
Fiserv FraudNetPaymentWorks
Fraud Detection Software Features
Comparison of Fraud Detection Software Features features of Product A and Product B
Fiserv FraudNet
-
Ratings
PaymentWorks
1.0
1 Ratings
145% below category average
Anomaly Detection00 Ratings1.01 Ratings
Timely Monitoring00 Ratings1.01 Ratings
ID Verification00 Ratings1.01 Ratings
User Interface00 Ratings1.01 Ratings
Best Alternatives
Fiserv FraudNetPaymentWorks
Small Businesses

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Medium-sized Companies
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Score 8.3 out of 10
Enterprises
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Score 8.3 out of 10
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User Ratings
Fiserv FraudNetPaymentWorks
Likelihood to Recommend
-
(0 ratings)
1.0
(1 ratings)
Usability
-
(0 ratings)
1.0
(1 ratings)
User Testimonials
Fiserv 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
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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
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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
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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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ScreenShots