Nasdaq 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 Nasdaq 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.

Nasdaq 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, Nasdaq Verafin enhances detection of fraudulent or fake checks, and reduces false positives by identifying pre-authorized checks and correcting encoding errors.