Even with the rise in digital channels, criminals continue to use stolen and counterfeit checks and kiting schemes to cause financial institutions extensive losses. In-clearing check schemes are a serious fraud threat and timely detection remains a challenge for institutions.
Combining behavioral evidence and deposit side risk analysis with consortium insights, Nasdaq Verafin provides financial institutions with powerful check fraud prevention. Customer-driven and machine learning analytics greatly enhance your check fraud investigations with targeted analysis and visual smart evidence, offering fewer false positives, superior detection, and allowing for an enhanced investigation within a single application.
