Checks continue to be the payment method most frequently targeted by those committing or attempting to commit payment fraud. Seventy-five percent of organizations that were victims of fraud attempts/attacks in 2016 experienced check fraud as per the 2017 Association for Financial Professionals, Inc Payments Fraud and Control Survey.
Our transaction analysis driven market-proven financial crime analytics and risk management solution based on mining distributed ledgers provides protection against the most complex industry threats faced by our clients.
Our technically advanced technologies include Machine learning, Neural networks, Artificial intelligence, Distributed ledger, Deep learning and Block chain security.
Tax, Federal, state and local government checks recalled within 3 years if they were illegal, altered or forged.
Double dipping troubles with mobile deposits.
Penciled attestations watering down current and upcoming regulations on mobile deposits.
Money order stop payments with virtually no paper work and within one day of issue.
Low cost technology, re-enabling check washing.
The cost of stop payment requests on already cashed checks, money orders or banker checks.
The cost of tracking if check with already paid check number is submitted for payment on your customers account.
The cost of maintaining functional & compliant check/funds/account verification team or portal to protect customers.