Category: Business Banking

Among all the things we train our customers on here at AFS, teaching them the tips and tricks of catching fraudulent deposits is one of the most important. Aside from just this fundamental training, though, there is a cultural element that can be encouraged at banks and credit unions that makes the ‘game’ of spotting fraudulent deposits fun and rewarding for staff. The trick is knowing how to position the benefits to encourage strong, consistent participation.

One of the most important factors in the continued success of the TrueChecks® software is the critical component of data contribution. Coming from thousands of banks, credit unions, and third-party entities nationwide, the TrueChecks® database is comprised of live check fraud data fed into the system day in and day out. These contributions mean that FIs of all shapes and sizes, from all parts of the US, are working in unison with the singular mission to fight fraud and stop perpetrators from scamming their members and customers.

Advanced Fraud Solutions (AFS), a leader in deposit fraud detection software, today announced its stellar 2018 results, which included: growing revenue by 50%; adding over 80 new accounts to its roster; expanding its real-time fraud database by 40%; successfully raised its headcount by 75%; and the addition of several new strategic partnerships. AFS provides banks … Continued