Feature Sheet

Check Fraud Consortium Analytics

Traditional check fraud approaches that focus solely on MICR or image analysis are ineffective at tackling the challenge posed by the growing threat of stolen checks. Verafin’s Consortium Analytics approach is different. Verafin’s network of 2400 institutions strengthens check fraud detection by using the power of our Consortium Analytics to uncover the risk related to the deposit account and alerting the in-clearing institution. Our unique approach to check fraud detection improves your team’s efficiency by significantly reducing false positive alerts for stolen checks.

Tagged as...

  •   Check Fraud
  •   Deposit Fraud
  •   Fraud