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…
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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.
MDT Expands Partnership with Advanced Fraud Solutions to Help Credit Unions Comply with WEB Debit Account Validation Rule
FARMINGTON HILLS, MI, February 15, 2022 – Member Driven Technologies (MDT), a CUSO that hosts the Episys® core processing system from Symitar® to provide a private cloud alternative for core processing and IT needs, today announced that it has expanded its partnership with Advanced Fraud Solutions (AFS), a leading provider of payments fraud detection software, adding TrueACH® with Account Validation and TrueCards® to MDT’s suite of complementary solutions. These tools will help credit unions minimize the risk of fraud and help comply with Nacha standards.…
Nacha Announces Advanced Fraud Solutions as a Preferred Partner for Account Validation
HERNDON, VA, January 18, 2022 – Advanced Fraud Solutions is now a Nacha Preferred Partner for Account Validation.
In becoming a Preferred Partner, Advanced Fraud Solutions joins a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.
2022: Changing Landscape Of Check Fraud
Check fraud remains a pervasive issue. Banks and credit unions continue to cite check as a major fraud risk. Even despite a lower volume of checks in circulation, fraud operators are evolving their tactics and leveraging checks as a low-cost, low-technology vehicle for fraud. Read Advanced Fraud Solutions’ annual report, 2022: The Changing Landscape of Check Fraud, that explores that state of check fraud, the latest check fraud tactics, and check fraud prevention best practices. Learn about the Evolving Landscape…
Payment fraud’s holiday hangover
By Lawrence Reaves, President and CEO at Advanced Fraud Solutions The most wonderful time of the year is also the most dangerous for payments. Fraudulent payments and payment scams typically soar during and after the holidays. That is because fraudsters spy opportunity – their victims are experiencing holiday-related stress; some are desperate for new ways to make money or to find too good to be true holiday deals; and there’s also a better chance that fraudulent transactions can fly under…
Watch for These Holiday Shopping Scams
Holiday shopping is upon us. Those looking for a little retail therapy, might also find themselves becoming victims of fraud. Here are the top holiday shopping scams you need to watch out for. INFOGRAPHIC | Holiday Shopping Scams Avoid These Holiday Shopping Scams Online Shopping Scams Spoofing and automatic dialing technology makes it easy for stimulus scammers to imitate any organization, including government agencies. Most experts recommend consumers dodge picking up any calls from unfamiliar Found something cool on Instagram?…
