Watch Out For These Three Holiday Fraud Threats
It’s no coincidence that the busiest season for shopping coincides with the highest period for fraud. Every day, fraudsters target consumers with an array of legitimate seeming propositions. But during the holidays, fraudsters make extra efforts to trick and defraud consumers. Here are the top three fraud threats coming this holiday season. Fake Retails Sites Are you seeing a deal that’s too good to be true? That might be because it isn’t. Fake retails sites are websites set up to…
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Economic Downturns Impact on Check Fraud
Economic downturns have a tendency to change the fraud landscape for the worse. Check fraud, which represents a low-cost, low-technology form of fraud, included.
Join Advanced Fraud Solutions as they explore the impact that economic downturns have on rates and what fraud tactics are likely to arise.
Advanced Fraud Solutions Hires Beverly Nichols as Product Manager
Advanced Fraud Solutions (AFS), a leading provider of payments fraud detection software, today announced the hiring of Beverly Nichols as product manager. Beverly joins AFS from Fiserv and will be responsible for bringing AFS’ leading payments fraud detection solutions to market.
Branch Closings Signals Shift to Remote Deposit Channels, Need for Protection
How do financial institutions maintain their footprint without opening or operating potentially unsustainable branches? This is the question that many FIs are asking themselves as branch closures are up 38% since the start of 2022.1 Like the rest of the marketplace, FIs must deal with rising costs, staff shortages and a potential economic slowdown. To cut costs, FIs face the unwelcome prospect that they, too, might have to shutter some of their retail operations. To stay connected with their customers,…
Advanced Fraud Solutions Reports Adoption of its ACH Fraud Mitigation Tool, Reveals Significant Potential Fraud Losses Prevented
Advanced Fraud Solutions today announced the successful adoption of its ACH fraud prevention tool, TrueACH with Account Validation, after a year in the market. TrueACH with Account Validation helps banks and credit unions secure their ACH transactions by enabling them to confirm account status and authorized user(s).
The Impact of Economic Downturns on Check Fraud Rates
Economic downturns have a tendency to change the fraud landscape for the worse. The result is that paper checks, which are one of the payment methods most impacted by fraud, are likely to become increasingly at risk. Easy to duplicate, deposit or steal, check fraud represents a persistent challenge to financial institutions. Given today’s economic outlook, that challenge is likely to come to a head. This white paper, The Impact of Economic Downturns on Check Fraud Rates, provides a historic…
Fiserv and Advanced Fraud Solutions Help Financial Institutions Fight Check Fraud
Fiserv clients will be able to mitigate fraud in real time with access to TrueChecks® from Advanced Fraud Solutions HIGH POINT, NC, June 15, 2022 – Advanced Fraud Solutions (AFS), a leader in payments fraud detection, announced today an agreement with Fiserv, a leading global provider of payments and financial services technology, that will allow Fiserv financial institution clients to automate check fraud detection, risk-based funds availability and decisioning processes, helping to prevent losses and identify fraudulent deposits before they…
Advanced Fraud Solutions Appoints Jordan Bothwell to Vice President of Strategic Partnerships
Advanced Fraud Solutions (AFS), a leading provider of payments fraud detection software, today announced the appointment of Jordan Bothwell to Vice President of Strategic Partnerships. Jordan joins the position following a decade of experience in fraud prevention and technology, where she has engaged in various sales and account management roles, most recently as AFS’ Director of Business Development and Strategic Initiatives.
How Financial Institutions Can Manage Payments Risk
Financial institutions increasingly rely on the ACH Network to facilitate transactions. With that comes a responsibility to manage ACH risk, including helping to prevent fraudulent payments and mitigate any potential losses.
Beating BIN Attacks: How To Protect Against Card-Not-Present Fraud
Learn how to prevent card-not-present (CNP) fraud. Card-not-present fraud, or CNP, continues to flourish. In fact, there’s been a 25% increase in exposed CNP records, a total of 45 million, since 2019. In the updated report, Beating BIN Attacks: How to Protect Against Card-Not-Present Fraud, Advanced Fraud Solutions explores the latest CNP fraud trends…
Hyosung Picks Advanced Fraud Solutions to Strengthen ATM Deposit Fraud Protections
Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced that it has been picked by Hyosung to strengthen its U.S.-based ATMs and kiosks against deposit fraud. Hyosung, a leading manufacturer of ATMs worldwide, will integrate TrueChecks® – the industry’s leading check fraud database – into its robust software platform, across its suite of financial automation hardware.
Advanced Fraud Solutions Announces 3rd Annual Changing Landscape of Check Fraud Report
HIGH POINT, NC, March 14, 2022 – Advanced Fraud Solutions (AFS), a leading provider of payments fraud detection software, today announced the release of its annual report, Changing Landscape of Check Fraud 2022, detailing the state of check fraud and the latest check-related risks. Despite a lower volume of checks in circulation, fraud operators continue to evolve check fraud tactics, leveraging checks as a low-cost vehicle for fraud. Advanced Fraud Solutions has been tracking check fraud for over 15 years,…
Advanced Fraud Solutions Sees Growth in New Bank Customers, Partnerships in 2021
Advanced Fraud Solutions, a leader in payments fraud detection software, today announced a significant increase in new banking customers and partnerships in 2021. AFS’ growth coincides with the launch of two new products – TrueACH with Account Validation and AFS Positive Pay – as well as improvements to its existing solutions, TrueChecks and TrueCards.
