According to the National Check Fraud Center, check fraud and counterfeiting are the fastest-growing problems affecting the nation's financial system, producing estimated annual losses of $10 billion and losses continue to rise at an alarming rate.
As the payments business transforms with the addition of image exchange and image replacement documents, more avenues of check fraud begin to emerge. Automated image-enabled check fraud detection from Fiserv Imagesoft is the answer to lowering the cost to process and detect fraud!
The FraudGuard solution uses proprietary digital interrogation technology – enabling multiple assessments of all check fields with one opening of a check image.
Key Applications:
Payee Name Verification
Signature Verification
Secure Marks
Counterfeit Detection
Exceptions Management
FRAUDGUARD STANDARD EDITION
Providing you with an eagle's eye view to detect check fraud fast!
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