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Category: Positive Pay

Linker Finance Partners with Advanced Fraud Solutions to Deliver Next-Gen Positive Pay for Community Banks

Linker Finance, a modular platform purpose-built for community banks is partnering with Advanced Fraud Solutions to integrate next-gen Positive Pay into its business banking solution. The collaboration brings AFS’s real-time scoring into commercial onboarding, funding, and payment workflows. It adds positive pay with check, payee match, and ACH protection—enabling earlier detection and fewer fraud losses, … Continued

The Alarming Rise of Check Washing Scams 

Check-washing scams are experiencing a frightening resurgence. Across the country, fraudsters are stealing checks and altering them to steal large sums of money. The number of reported cases in 2022 reached 680,000, nearly double the previous year, according to the Financial Crimes Enforcement Network. 

Fraud insights: Ally Bank spoof, OCC enforcement, and HELOC fraud

  Quick Headlines Ally Bank targeted via FBI-agent spoof, attempted bank-fraud play Connecticut indictment alleges stolen-check scheme hitting bank accounts OCC releases August enforcement actions with governance signals Loan officer HELOC manipulation case moves toward sentencing Key Stories Ally Bank spoof via fake FBI authority DOJ reports a Texas suspect posed as an FBI agent … Continued

AFS + Tyfone: Embedded Fraud Prevention for Commercial Banking

Check fraud continues to rise, but adoption of prevention tools like Positive Pay still lags. That’s a problem. To solve it, Advanced Fraud Solutions has partnered with Tyfone to embed Positive Pay directly into the Tyfone nFinia® Digital Banking platform. Now, commercial clients can access check and ACH fraud prevention tools—right from their existing digital … Continued

Positive Pay File Format Guidelines

Positive Pay relies on precise and accurate file submissions to catch discrepancies and prevent fraud. Understanding the file format specifications is critical for seamless integration into your banking systems. This guide unpacks the details, ensuring your files are error-free and compliant with Positive Pay requirements. Why File Formats Matter Financial Institutions use Positive Pay to … Continued

NCR Voyix and AFS Bring Positive Pay to the Forefront of Fraud Prevention

NCR Voyix Corporation (NYSE: VYX), a leading global platform and provider of digital commerce solutions for the retail, restaurant and banking industries, and Advanced Fraud Solutions (AFS), industry leader in deposit fraud prevention, have announced a partnership to introduce a Positive Pay Solution into NCR Voyix’s offerings. NCR Voyix serves a wide range of financial … Continued

Looking Out For Payroll And Vendor Fraud: A Financial Institution’s Guide

Protecting Business Accounts from Payment Tampering, Redirection, Business Email Compromise, Payroll and Vendor Fraud Surviving a pandemic was hard enough. Now, businesses must also fend off sustained internal and external threats from vendor, payroll fraud, and business email compromise attacks. According to the Association of Certified Fraud Examiners’ “Report to the Nations,” U.S. businesses lose…

Advanced Fraud Solutions Announces New AFS Positive Pay Solution To Help Financial Institutions Fight Vendor Fraud

HIGH POINT, N.C. – February 23, 2021 – Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced the launch of AFS Positive Pay – a positive pay solution designed so that financial institutions, and their enterprise customers, can proactively monitor changes in payments information. AFS Positive Pay allows financial institutions … Continued

Advanced Fraud Solutions Partners With Access Softek To Integrate AFS Positive Pay With Access Commercial Solution

HIGH POINT, N.C. – April 13, 2020 – Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced a new partnership that will integrate AFS Positive Pay with Access Softek’s Access Commercial solution. The integration allows financial institutions and businesses to monitor outbound check and ACH payments and receive real-time notifications … Continued

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