Uncover check fraud quickly with greater efficiency
Even though their overall usage continues to decline, checks are a primary method of attack for criminals. This makes them a serious fraud threat and check fraud detection a challenge for institutions across the country.
Verafin analyzes your customers’ in-clearing check activity to alert you to potential kiting activity or indicators of counterfeit and stolen checks. Plus, with the help of Verafin’s check imaging functionality, you have the tools you need to make quick and informed decisions on potentially fraudulent check activity.
Features
Benefits
Stop kiting activity early
Verafin’s check kiting alerts warn you of potential kiting activity before the fraudster adds more checks across additional accounts.
Prevent stolen checks and identity theft
Thieves will often target mail boxes, homes, and businesses to steal identity documentation and obtain blank checks. The presence of a stolen check helps you isolate this activity and alerts you to groups of checks that are potentially compromised.
Improved check investigations
Verafin’s check image functionality gives you the ability to visually compare checks by payee and originating FI without having to leave the alert.
More Verafin Features
