Uncover check fraud quickly with greater efficiency
Even with the rise in digital channels, criminals are still using 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.
Verafin’s cloud-based, cross-channel analysis builds a comprehensive view of a customer’s check activity. Customer-driven and machine learning analytical agents greatly enhance your fraud investigations with targeted alerts and visual smart evidence, including a powerful check image viewer, helping you quickly identify fraudulent checks to mitigate losses.