Check Fraud

Identify fraudulent in-clearing checks within your institution’s hold window.

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.



Identify in-clearing check fraud using Consortium Analytics. By analyzing both the check deposit and withdrawal, Verafin provides the complete picture of in-clearing check risk to investigators.


Verafin analyzes a customer’s check activity for indicators of unusual checks and alerts you to a wide range of potentially fraudulent activity, including unusual dollar values, large check number sequence gaps, and duplicate check numbers.


Detect check kiting activity with Verafin’s analytics for individual and business accounts. Fraudulent account activity alerts are enhanced with a timeline of the unusual activity, the amount of your institution’s exposure, and information about any consistency in flow of funds or payer and payee details.


Verafin provides you with the ability to view images of potentially suspicious checks within the alert. At a click, you can view the front and back of a check, compare features against other checks drawn from the same institution or written by the same payer.


Using machine learning, including Optical Character Recognition (OCR) and image analysis, Verafin enhances detection of fraudulent or fake checks, and reduces false positives by identifying pre-authorized checks and correcting encoding errors.


Stop kiting activity early

Verafin’s check kiting alerts warn you of potential kiting activity before the fraudster adds more checks across additional accounts.

Uncover fraudulent checks faster

Verafin’s predictive approach to check fraud analysis allows for faster identification of out-of-pattern checks or checks that appear similar to known fraudulent activity.

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. Expedite investigations with smart evidence, including debit/credit, exposure and check history graphs, and balance charts.

More Verafin Features

Automated SAR functionality. At the click of a button you can create a pre-populated SAR. Complete your narrative and queue it for overnight electronic submission directly from Verafin to FinCEN. Verafin can also remind you when it is time for 90-day refiling, if the suspicious activity continues. Learn more >
Integrated case management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn More >
Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more >
Cross-Channel Fraud Detection. Fraudsters will target every available channel to enrich themselves at your customers’ (and your institution’s) expense. Verafin’s cross-channel analysis generates data-rich alerts that help you proactively detect scams and stop fraud losses from Deposit Fraud, Check Fraud, Card Fraud, Loan Fraud, Wire Fraud, ACH Fraud, and Online Account Takeover. Learn more >

Interested in learning more about Verafin's Check Fraud Solution?