Advanced Fraud Solutions Reports Adoption of its ACH Fraud Mitigation Tool, Reveals Significant Potential Fraud Losses Prevented
HIGH POINT, NC, August 18, 2022 – Advanced Fraud Solutions (AFS), a leader in payments fraud detection software, 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). Since launching a year ago, in August 2021, AFS has completed nearly 20 bank and credit union installations…
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.
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.
REDi and Advanced Fraud Solutions Partner to Strengthen Card Fraud Protection
HIGH POINT, N.C., October 29, 2021 – REDi Enterprise Development Inc., a financial crimes management solutions provider, has announced a partnership with fraud detection software firm Advanced Fraud Solutions (AFS), to deliver an integrated card fraud detection solution to banks and credit unions. The partnership brings together REDi’s analytics and machine learning capabilities with AFS’ extensive card fraud prevention platform, and access to Dark Web sources to form a cooperative, real-time card fraud decisioning system that proactively pinpoints at-risk cards…
Advanced Fraud Solutions Announces New Account Validation Tool to Address Nacha’s WEB Debit Account Validation Rule
Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced TrueACH® with Account Validation – a new ACH tool that enables financial institutions to confirm account status and authorized user(s). TrueACH with Account Validation was developed in response to Nacha’s WEB Debit Account Validation Rule, which requires financial institutions to apply a “commercially reasonable fraud detection system” to validate that an account is open and accepts ACH entries.
Catalyst Corporate Partners With Advanced Fraud Solutions to Fight Check Fraud Losses
To help credit unions combat rising instances of fraud, Catalyst Corporate said it has partnered with Advanced Fraud Solutions (AFS) to offer a state-of-the-art service designed to help minimize check fraud losses.
According to Catalyst Corporate, the new solution, called TrueChecks, arrives just in time – as stimulus payment-related fraud has sharply increased since COVID-19 economic recovery efforts began last year.
NCR And AFS Partner To Prevent Check Fraud At Interactive Teller Machines
NCR, a leader in omni-channel solutions and Advanced Fraud Solutions, a leader in fraud prevention services, announced that they have partnered to integrate AFS TrueChecks® into NCR’s Interactive Teller Machine platform.
