Communication Federal Credit Union (CFCU), originally Pioneer Bell Credit Union, was founded by employees of Southwestern Bell Telephone in downtown Oklahoma City in 1939. CFCU is a full-service …
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 …
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Combatting Fraud: The Crucial Role of Financial Institutions in Contributing Deposit Data to Anti-Fraud Databases
In this guide, we'll explore the basics of using contribution data to enhance fraud prevention efforts. Specifically, we'll cover the following: By the end of this guide, you'll have a better …
What Can Banks Do To Protect Remote Deposit Capture As Mobile Banking Booms?
More U.S. consumers than ever are swiping and tapping to check their bank account balance, to transfer money or deposit a check. The result has been a mobile banking boom. To keep up with demand, …
Prosecuting Bad Checks | A Guide For Financial Institutions To Fight Back
Check fraud before it is deposited is obviously the ideal scenario for banks and credit unions. This situation avoids the litigation and expense of prosecuting for fraud. Not to mention, it avoids the …
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TrueWire Product Preview
Join Advanced Fraud Solutions (AFS) for a preview of its newest fraud prevention tool – TrueWire. TrueWire automates the validation of account status and ownership of the sender and receiver of a …
