Verafin analyzes customer activity across multiple deposit channels, including in-branch, mobile and ATM deposits, to uncover fraudulent deposits and known deposit scams targeting your customers. With the help of Verafin’s check imaging functionality, you have the tools to assess potentially fraudulent check activity.

Criminals are still using stolen and counterfeit checks and kiting schemes to cause financial institutions extensive losses. Verafin analyzes your customers’ in-clearing check activity to alert you to potential kiting activity or indicators of counterfeit and stolen checks.

Wire losses can be significant and difficult to recover. Verafin’s fraud prevention big data analytics reduce false positives, allowing you to focus on truly risky activity, and real-time wire analysis can detect unusual transfers before losses occur. Rich wire information is displayed in a visual format to expedite decision making and improve investigations into unusual wire activity, such as business email compromise.

The volume and value of ACH transactions continues to grow — and criminals are taking notice. Verafin monitors both consumer and corporate transfers, uncovering fraudulent ACH debits and payments to help you prevent loss quickly. Using big data intelligence for fraud prevention in the Verafin Cloud enables us to reduce false positives by determining if the transfer activity is typical for both sending and receiving parties.

Detect potentially suspicious online account behavior. Verafin alerts you to a wide range of suspicious online account activity, including abnormal access times and usage patterns, login failures, login from unusual IP addresses, and more. Our visual storytelling approach provides tools, such as online activity risk maps and geographic maps to help expedite your investigation into potential account takeover.

Debit cards are as popular with criminals as they are with consumers. From elder abuse to card flipping and excessive usage, Verafin alerts you to unusual card activity. With advanced Common Point of Purchase (CPP) detection, Verafin determines where a potential data breach or potential skimming incident has occurred and helps you identify cards that may have been used at that location.