CheckAlt’s Post

Checks may be declining, but they’re far from disappearing—and that means check fraud remains a critical challenge. 📝 This insightful The Wall Street Journal article highlights why checks continue to play a role in payments. At VALID Systems, we're committed to staying ahead of the curve with innovative check fraud solutions. Learn more about how we can help protect your business: validadvantage.com. #CheckFraud #FintechSolutions #InnovationInPayments https://lnkd.in/g-XfGQXG

💸 With check fraud losses hitting a staggering $24 billion in the U.S. alone, it’s clear that businesses need to take action now to protect themselves. Despite the rise of digital payments, checks still remain a prime target for fraudsters. At CheckAlt, we believe it’s time to get proactive about fraud prevention. Our latest white paper, Proactive Measures for Financial Safety, dives deep into how financial institutions can enhance their defenses and safeguard their operations. Download our white paper today and get the insights you need to protect your organization: https://lnkd.in/gcXQuTSv #CheckFraud #FraudPrevention #Fintech #BankingSecurity #CheckAlt

👏 This is great from Nacha to reduce the incidence of fraud, such as business email compromise (BEC), that make use of credit-push payments. https://lnkd.in/gTWFYckN 💸 It's important to educate customers on BEC and fraud mitigation in general. 🤓 That's why our auto-generated client facing reports incorporate fraud as a key part of the conversation. ✅ Customizable ✅ Instant ✅ On-demand and OpenAPI Below is one example of how we're helping treasury and commercial teams deliver turn-key insights to their clients. Let me know what you think. #banks #creditunions #fraudprevention #training #education

Fraud is on the rise, but so are the tools to fight it! At MAB Bureau, our Bank Account Verification Services ensure accurate account validation and ownership matching to protect your business from fraudulent transactions. 💡 Let’s work together to create a safer financial environment. Watch the video to learn how we can help you stay one step ahead. 💼✨ #FraudPrevention #BankVerification #FraudWeek #StaySecure #MABBureau

Fraud is on the rise, but so are the tools to fight it! At MAB Bureau, our Bank Account Verification Services ensure accurate account validation and ownership matching to protect your business from fraudulent transactions. 💡 Let’s work together to create a safer financial environment. Watch the video to learn how we can help you stay one step ahead. 💼✨ #FraudPrevention #BankVerification #FraudWeek #StaySecure #MABBureau

Check Fraud again... If your institution is dealing with check fraud, please reach out. I would love to learn about the challenges you are facing. https://lnkd.in/gAAX4Zs8 #CheckFraud #DigitalDrafts #DigitalNegotiableInstruments #UCC12 #FinTech Justin Baer Oyin A. Frank McKenna

Check fraud is a significant issue impacting both financial institutions and individuals. At Fin3, we’re addressing this challenge head-on. We’ve developed Digital Drafts—a groundbreaking type of Digital Negotiable Instrument designed to replace traditional physical checks. Thanks to UCC Article 12, these instruments are fully compliant with regulatory standards, offering a secure and modern alternative to paper checks. Want to learn more? Contact us today! #DigitalDrafts, #DigitalNegotiableInstruments, #CheckFraud #Fintech #Fin3

Fraudsters can come from any background and may have detailed knowledge of how your credit application process works. How you can safeguard against this  𝐒𝐎𝐒 𝐕𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 - Live SOS confirmation would alert to closures and dissolutions  𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐈𝐝𝐞𝐧𝐭𝐢𝐭𝐲 𝐕𝐞𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 - Digital services auto verify and detect the number of days email addresses have been active and their IP risk 𝐂𝐫𝐞𝐝𝐢𝐭 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 - With increased efficiency, credit teams have more time to investigate and detect fraud Learn how to protect your business: https://lnkd.in/dQdzfQn #FraudPrevention #FraudProtection #OrderToCash #Fintech #Technology

What have FINTRAIL been up to in Q1 2024? We have completed a diverse portfolio of projects in this quarter, with clients new and returning. There has been a definite increase in client inquires for model validation of their technical financial crime controls. I think this is been driven by some of the regulatory changes (e.g UK PSR APP Fraud/Sanctions complexity) and also advancement of overall technical maturity of a number of the firms we support, be that refining internal systems or bringing in vendors. Related to the last two points we are holding a virtual workshop on Auditing and Assurance Activities for Effectiveness. Agenda will cover: 🔸 The three Wolfsberg factors and the associated principles for effectiveness 🔸 How to adopt these principles into a methodology framework 🔸 Thematically look at what that means for performing model validation activities for key control areas such as fraud, sanctions and transaction monitoring 👉 Register here if you fancy joining: https://lnkd.in/eDSsWVHU #fintech #fincrime #fraud #sanctions

With 85% of financial institutions experiencing a surge in fraud attempts over the past year, the need for robust identity verification solutions is critical. At Numerated, we understand the challenges lenders face, which is why we’ve partnered with Alloy to enhance fraud prevention and streamline identity verification in commercial lending. Our combined efforts ensure banks can make faster, more secure lending decisions while protecting their portfolios. Dive deeper into how our partnership is revolutionizing fraud prevention in our latest blog article! https://lnkd.in/ghgHMSiw #FraudPrevention #IdentityVerification #CommercialLending #Fintech