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What is TrueChecks?

TrueChecks is a cutting-edge solution for detecting fraud, operated by a consortium that functions in real-time to identify fraudulent deposits at the moment they are presented. By leveraging the largest cooperative database in the industry, which encompasses account and item-level records from a variety of financial institutions collected over 15 years, it meticulously examines each check for signs of fraud. The platform integrates effortlessly via a secure web portal or RESTful APIs, ensuring compatibility with existing image-capture systems and core processors such as FIS, Jack Henry, and Fiserv, along with diverse mobile and ATM channels, thereby offering extensive protection across all platforms. Employing advanced methodologies in field detection, text classification, and interpretation, TrueChecks can detect numerous types of fraudulent checks, including counterfeits, duplicates, insufficient funds (NSF), closed accounts, and alterations, providing real-time alerts to tellers and back-office staff. Furthermore, its cloud-native architecture ensures remarkable scalability while necessitating minimal infrastructure investments, positioning it as a highly efficient and effective option for financial institutions. Consequently, organizations can significantly bolster their security protocols, thereby fostering greater confidence among their clientele. The ability to adapt quickly to emerging threats also enhances the platform's effectiveness in safeguarding financial transactions.

What is Fraud Risk Manager?

Protecting against fraud and fostering customer confidence are essential goals for financial institutions, posing significant challenges along the way. Fiserv tackles these obstacles with its innovative and intuitive solution designed for managing financial crime and compliance effectively. The Fraud Risk Manager™ from Fiserv presents a holistic strategy for preventing fraud. It integrates sophisticated transaction and customer monitoring with a powerful case management system, which includes a guided alert management process and adaptable workflows tailored to specific needs. By employing Fraud Risk Manager, institutions benefit from state-of-the-art fraud detection technology, leading to enhanced accuracy, streamlined analysis, and improved operational efficiency. Furthermore, a comprehensive library of customizable risk perspectives and alert parameters enables teams to quickly pinpoint and address fraudulent activities. This extensive repository not only provides strong defense against financial losses resulting from fraud but also empowers users to react swiftly to new and evolving fraud threats. Consequently, your institution is well-equipped to adopt a proactive approach to managing risks in a dynamic environment and can adapt its strategies as the landscape continues to change. This adaptability is vital for sustaining long-term trust and security in financial operations.

Media

Media

Integrations Supported

FIS Digital One
Fiserv
Jack Henry Loan Origination

Integrations Supported

ARGO
BankingON

API Availability

Has API

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Advanced Fraud Solutions

Date Founded

2007

Company Location

United States

Company Website

advancedfraudsolutions.com/solutions/truechecks/

Company Facts

Organization Name

Fiserv

Date Founded

1984

Company Location

United States

Company Website

www.fiserv.com

Categories and Features

Check Fraud

Not specified

Categories and Features

Fraud Detection

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Insurance Industry
Internal Fraud Monitoring

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