Fact Sheet

Proof of Concept: Check Fraud Consortium Analytics

Verafin can demonstrate the benefits of our Consortium Analytics approach to Check Fraud through an easy to execute Proof of Concept (PoC), proving reduced risk to your institution.

Using Consortium Analytics, we can identify in-clearing check fraud by linking the in-clearing check to deposit fraud risk at the depositing institution, within the Verafin network. This provides a complete picture of check risk by effectively analyzing both sides of the transaction — deposit side risk and the check withdrawal risk.

Our rapid PoC process uses your own data — with minimal resources required.

Tagged as...

  •   Check Fraud
  •   Fraud