NCR Voyix Corporation (NYSE: VYX), a leading global platform and provider of digital commerce solutions for the retail, restaurant and banking industries, and Advanced Fraud Solutions (AFS), industry leader in deposit fraud prevention, have announced a partnership to introduce a Positive Pay Solution into NCR Voyix’s offerings.
NCR Voyix serves a wide range of financial institutions (FIs) including credit unions, community banks and regional banks, holding the largest user footprint among independent digital banking providers. The integration of Positive Pay by AFS empowers these institutions and their high-value business clients with the tools needed to navigate a sophisticated and rapidly evolving fraud landscape.
Comprehensive Defense Against Fraud
Positive Pay by AFS represents a comprehensive defense mechanism against both traditional check fraud and the rising threat of ACH fraud. This modern iteration of Positive Pay addresses the full spectrum of fraudulent schemes targeting financial institutions and account holders. By employing next-generation techniques that scrutinize transaction details across multiple channels, this solution stands at the forefront of fraud prevention.
Innovative, Agile Solutions Aligned with NCR Voyix’s Mission
Aligning with NCR Voyix’s mission to transform and connect technology platforms for self-service banking, the Positive Pay solution enhances the operational agility and security of financial institutions. The solution empowers FIs to offer a differentiated solution to business account holders with the dual benefit of preventing fraud and introducing the possibility for a new stream of revenue for treasury teams.
A Unified Approach to ACH and Check Fraud
Positive Pay from AFS and NCR Voyix combines the power of ACH and Check Positive Pay into a single, intuitive experience. With the solution, institutions’ business clients can monitor transactions, flag suspicious activities and approve legitimate ones.
- ACH Positive Pay: Allows business clients to set parameters around transaction amounts, frequency and specific dates, streamlining operations and bolstering defenses.
- Check Positive Pay: Conveys discrepancies in check details to business clients, enabling quick identification and prevention of fraudulent checks.
Navigating the Evolving Payment Landscape
As the payment landscape evolves, spanning traditional checks to ACH transactions, AFS and NCR Voyix are delivering a strong, effective solution, offering protection for FIs and their business clients regardless of their payment practices. This collaboration enables business account holders to safely embrace digital transformation while acknowledging the continued relevance of checks in today’s financial ecosystem.
About Advanced Fraud Solutions
Advanced Fraud Solutions was founded in 2007 with the simple mission to help financial institutions and businesses prevent fraud. We utilize our comprehensive private cloud-based software solutions at the front line and in the back office. Every day, our innovative fraud prevention tools help banks, credit unions, and merchants of all sizes eliminate losses and safeguard their financial assets, providing the level of protection that today’s customers demand. At Advanced Fraud Solutions, we know the best way to fight fraud is to prevent it. Learn more at Advanced Fraud Solutions.
