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.
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.
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
