The Deliberate Targeting of Community FIs Fraudsters are coming for smaller FIs, on purpose. For years, the assumption was that bigger institutions carried more risk. More customers, more volume, more exposure. That’s changing. Fraudsters are now deliberately targeting community FIs not despite their size, but because of it. AI tools let bad actors scrape public … Continued
High Point, NC – Advanced Fraud Solutions (AFS), a leader in deposit and payments fraud prevention, announced a new partnership with eDOC Innovations, a provider of check imaging and document management solutions built for credit unions. The integration connects AFS’s consortium-based deposit fraud detection with eDOC’s check imaging platform, giving credit unions the ability to screen deposits against real-time fraud intelligence as items move … Continued
High Point, NC and Portland, OR – Advanced Fraud Solutions (AFS), a leader in deposit and payments fraud prevention, announced a new partnership with Cook Solutions Group (CSG), a national provider of security, retail banking and managed services. The integration will connect AFS’s consortium-based deposit fraud detection with Conveyance, CSG’s serverless cloud check imaging solution … Continued
While all financial institutions (FIs) have access to TCVS, how you integrate it into your fraud prevention process makes a difference. The Treasury Check Information System (TCIS) accesses data related to U.S. Treasury checks and Automated Clearing House (ACH) payments, providing a comprehensive dashboard for managing payment data. Here are the primary ways to access … Continued
Attempted $410,000 Treasury check deposit stopped at credit union An individual using false identity documents opened accounts and tried to deposit a stolen Treasury check. The attempt hinged on quick onboarding and immediate access to funds. Apply extended holds and payee-match on high-value government checks. Validate IDs against trusted data sources. Re-verify profiles after address … Continued
Stolen, altered check triggers six-figure loss before stop-pay lands A Kansas City case shows how a stolen and altered $881,324 check was deposited and quickly converted to cashier’s checks and cash before a stop-payment reached the bank. Require enhanced KYC for new business accounts with large first deposits. Tighten large-item review and exception holds for … Continued
TrueChecks® + Jack Henry AlertCenter™ help financial institutions stop fraudulent deposits at the teller and through digital channels Advanced Fraud Solutions (AFS), the leader in deposit-fraud detection for community banks and credit unions, will present and exhibit at Jack Henry™ Connect 2025. AFS will highlight how its TrueChecks® solution, integrated with Jack Henry AlertCenter™, enables … Continued
