What is Tungsten FraudOne?
Conventional methods for check clearing often focus on the legal limits and courtesy thresholds of check amounts, which typically leads to low-risk evaluations and the risk of false positives. However, Tungsten FraudOne's software revolutionizes counterfeit check detection through a cutting-edge fraud scoring engine that can be seamlessly combined with multiple verification tools, thereby enhancing the ability to uncover complex fraud schemes. By implementing flexible fraud detection tactics during both the capture and clearing phases, especially as the landscape of transaction methods like mobile deposits changes, companies can significantly optimize their operations. This advanced approach reduces the need for time-consuming manual reviews of false positives by efficiently distinguishing between suspicious and legitimate items. Additionally, it enhances customer confidence by offering protections against signature forgeries, alterations to checks, and fraudulent discrepancies. With greater accuracy in identifying potential threats, organizations can analyze a larger volume of suspicious checks in less time, allowing them to examine all checks rather than focusing solely on those of higher value. Consequently, this fosters a more streamlined and reliable check verification process, ultimately leading to enhanced financial security for businesses. In this evolving digital age, adopting such innovative solutions becomes essential for maintaining integrity in financial transactions.
Integrations
No integrations listed.
Similar Software to Tungsten FraudOne
iDenfy
An all-encompassing solution for confirming identities, detecting fraud, and ensuring compliance is now available. iDenfy employs a three-tiered approach to identity verification, safeguarding startups, financial institutions, online gambling platforms, streaming services, rideshare companies, and various other digital enterprises from identity fraud. This method effectively shields organizations from the most harmful types of identity fraud that can occur.
The platform provides an extensive range of fraud prevention tools, such as business verification, proxy detection, fraud scoring, and anti-money laundering (AML) screening, alongside ongoing monitoring and NFC verification, among other services to combat fraud. Since its inception prior to the establishment of AML, GDPR, and various fraud regulations, iDenfy has been at the forefront of the identity verification industry, mastering the complete verification process by integrating AI biometric recognition with meticulous manual checks to confirm the authenticity of users.
Utilize our ID verification software to potentially reduce identity verification expenses by up to 40%, as you will only incur costs for successful verifications. By employing iDenfy, businesses not only enhance their security measures but also streamline their operational efficiency.
Learn more
Fraud.net
Best-in-class, Fraud.Net offers an AI-driven platform that empowers enterprises to combat fraud, streamline compliance, and manage risk at scale—all in real-time. Our cutting-edge technology detects threats before they impact your operations, providing highly accurate risk scoring that adapts to evolving fraud patterns through billions of analyzed transactions.
Our unified platform delivers complete protection through three proprietary capabilities: instant AI-powered risk scoring, continuous monitoring for proactive threat detection, and precision fraud prevention across payment types and channels. Additionally, Fraud.Net centralizes your fraud and risk management strategy while delivering advanced analytics that provide unmatched visibility and significantly reduce false positives and operational inefficiencies.
Trusted by payments companies, financial services, fintech, and commerce leaders worldwide, Fraud.Net tracks over a billion identities and protects against 600+ fraud methodologies, helping clients reduce fraud by 80% and false positives by 97%. Our no-code/low-code architecture ensures customizable workflows that scale with your business, and our Data Hub of dozens of 3rd party data integrations and Global Anti-Fraud Network ensures unparalleled accuracy.
Fraud is complex, but prevention shouldn't be. With FraudNet, you can build resilience today for tomorrow's opportunities. Request a demo today.
Learn more
RiskGuard
Address the complexities of advanced location fraud methods that can bypass existing GeoIP solutions, such as account hijacking and automated bot attacks. By integrating location verification processes, you can enhance your ability to identify actual fraud while reducing both false positives and false negatives. Revamp your current fraud and risk management systems by leveraging advanced location data indicators. The technology is equipped to detect sophisticated location spoofing strategies, including the use of VPNs, data centers, anonymizers, proxies, and Tor exit nodes. Moreover, it can detect when a smartphone's "home" location data is manipulated during the formation of synthetic identities. It also provides historical location information for users or devices to aid in resolving chargeback disputes. In addition, it creates a distinctive fingerprint for each method of location fraud identified, allowing you to flag subsequent transactions that display similar behaviors. This all-encompassing strategy not only fortifies your defenses but also significantly improves your overall security framework against the constantly changing landscape of fraud techniques, ensuring your systems remain resilient and adaptive. By continuously monitoring and updating these detection methods, you can stay one step ahead of potential threats.
Learn more
Shift Claims Fraud
Shift Technology’s Claims Fraud platform revolutionizes insurance fraud detection by combining AI, data integration, and investigative tools into one solution. Designed specifically for insurers, it identifies fraudulent claims at first notice of loss (FNOL) and throughout the claims lifecycle, enabling carriers to act before damage escalates. Its advanced AI models continuously learn from millions of claims and cross-carrier data, uncovering hidden patterns and sophisticated fraud rings. With the Insurance Data Network, insurers benefit from industry-wide intelligence, gaining the ability to connect dots between people, providers, and claims in real time. This reduces false positives and ensures investigators focus on the highest-impact cases, ultimately accelerating resolution. Shift also integrates external data sources and offers eForm, workflow, and reporting features to enhance operational efficiency. Trusted by over 115 insurers, it has detected 13M+ suspicious claims and helped identify billions in fraudulent payouts. Global carriers like AXA, Assurant, and L’olivier report measurable benefits, from millions saved to improved fraud prosecution outcomes. Recognized by Celent as a luminary in fraud detection, Shift stands at the forefront of insurance technology innovation. By blending scale, speed, and intelligence, it equips claims teams, SIUs, and executives with a powerful weapon against fraud.
Learn more
Screenshots and Video
Company Facts
Company Name:
Tungsten Automation
Date Founded:
1985
Company Location:
United States
Company Website:
www.tungstenautomation.com/products/fraudone
Product Details
Deployment
SaaS
Training Options
Documentation Hub
Online Training
Video Library
Support
Standard Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English
