Account Fraud

From doctoring checks to exploiting your most vulnerable customers, criminals will stop at nothing to defraud your financial institution’s accounts for their gain. The threat... 

Preventing Losses from Check Kiting & Stolen Checks

Originally Presented: May 24, 2018

Fraudsters are using tried and true methods to avoid detection, from stolen check books to kiting schemes. As losses continue unabated, most fraud teams have... 

Elder Financial Abuse: Protecting Vulnerable Customers from Fraud

Originally Presented: May 10, 2018

Elder Abuse is a growing crime that should compel everyone to take action. While it is believed that as few as 1 in 14 cases... 

Placing a Hold on Check Fraud

Veridian CU  •  Headquarters: Waterloo, IA Assets: $5.5B  •  Core Banking System: Fiserv DNA   “In August, we prevented $175,000 and so far in 2017 we’ve... 

Fraud Trends Targeting Credit Unions & Members

Originally Presented: October 4, 2017

Verafin is proud to present this educational webinar for the benefit of CUNA credit unions.   Mauriceo Castanheiro, industry expert and Verafin’s Director of Fraud... 

Six things to consider when investigating check deposit fraud

February 6, 2017 by Nasdaq Verafin

Good ol’ checks. Even though their use continues to decline, they’re still a thorn in the side of fraud investigators. The Federal Reserve Payments Study 2016 shows the number of check payments in 2015 fell to 17.3 billion, down 2.5... 

Preventing thousands of dollars in fraud loss through early detection

November 21, 2016 by Nasdaq Verafin

The ability to detect deposit fraud early and take decisive action is more important for financial institutions (FIs) than ever before. In its biennial 2015 Deposit Account Fraud Survey, conducted with commercial and savings banks, the American Bankers Association (ABA)... 

Improved Fraud Detection

Neighbors Federal Credit Union  •  Headquarters: Baton Rouge, LA Assets: $1.2B  •  Core Banking System: Fiserv DNA   “Knowing Verafin is behind me and looking... 

An Easy Decision: First National Bank of Granbury on Choosing Verafin

First National Bank of Granbury  •  Headquarters: Granbury, TX Assets: $833M  •  Core Banking System: FIS Horizon   “It also strengthens OFAC compliance in this same... 

Making the Switch: Verafin Rescues First United Bank and Trust from their Adaptive Intelligence BSA/AML Compliance Vendor

First United Bank and Trust  •  Headquarters: Oakland, MD Assets: $1.7B  •  Core Banking System: FIS IBS   “The analytic piece of Verafin is phenomenal. There’s...