TRUECHECKS CHECK FRAUD SOLUTION
Increase account holder trust with consortium-powered fraud prevention. Stop scammers and fraud losses.
Check fraudsters are winning. Be part of the team that’s fighting back.
Overwhelmed by check fraud? TrueChecks can protect your financial institution.
As a leader in a financial institution, you’re juggling the daily battle against check fraud while trying to maintain efficient operations. The constant pressure to protect your institution and keep ops smooth can be overwhelming.
Check fraudsters are winning, based on the data. These criminals are exploiting the mail, check washing, and dark web social media tactics. Is it impossible to fight back? Not with TrueChecks.
TrueChecks provides the consortium-powered, real-time defense you need to catch fraudulent deposits before they hit your bottom line. Join us in the fight against check fraud —we won’t let the scammers win.
the time is now
Don’t wait on TrueChecks. Deposit fraud criminals are working overtime.
Unprecedented fraud data
The TrueChecks® database is comprised of account and item level information from thousands of financial institutions with over 15 years of historical data from customers, processors, and third-party sources.
Accessible & easily integrated with top cores
TrueChecks® is available via a web portal hosted on our secured private cloud or integrated with innovative APIs as part of an existing image capture system.
Gives the frontline all the guidance they need
TrueChecks® delivers real-time responses on counterfeit, non-sufficient funds (NSF), Closed Account, Duplicate, and other fraudulent items.
Ease of access
Virtually transparent to the account holder, TrueChecks® displays Reg CC-recommended action and associated risk.
What our customers are saying about TrueChecks®
Don’t take our word for it. With over 1,000 FIs using TrueChecks to stop check fraud, we have plenty of customer feedback to share.
We’re amazed at the number of items caught at the frontline. We’ve reduced our potential losses significantly. Seems like a daily occurrence of catching fraud items. Members are also appreciative that we have taken the steps to protect them.
CoastHills Credit Union
TrueChecks® has empowered our tellers to efficiently identify counterfeits at the teller workstation.
In the first two quarters of implementation we saved enough to pay for our entire TrueChecks® system.
Peoples Bank
Since implementing TrueChecks®, Yakima Federal Savings has all but eliminated losses due to counterfeit checks.
TrueChecks® makes it much easier for staff to make the decision about whether or not to accept a check.
Yakima Federal Savings
Need more information? Here are some common TrueChecks FAQs:
Q: What is TrueChecks®️?
A: TrueChecks®️ is a consortium-powered check fraud detection solution designed to intercept fraudulent deposits in real-time. It leverages a comprehensive database containing account and item-level information from thousands of financial institutions, with over 15 years of historical data.
Q: Is TrueChecks®️ easy to integrate with our existing systems?
A: Absolutely. TrueChecks®️ can be accessed via a web portal hosted on our secure private cloud or integrated with your existing image capture system through our innovative APIs. This flexibility ensures seamless integration with your current operations.
Q: Do you integrate with core providers like FIS, Jack Henry, or Fiserv?
A: Yes, TrueChecks®️ integrates with many of the leading core providers, including FIS, Jack Henry, and Fiserv. This ensures that your financial institution can leverage the powerful fraud prevention capabilities of TrueChecks®️ without disrupting your existing workflows and systems.
Q: How will TrueChecks®️ benefit our fraud and operations teams?
A: TrueChecks®️ empowers your fraud team by providing real-time and proactive detection and prevention of fraudulent checks, reducing the resource drain caused by managing fraud losses. Your operations team will benefit from improved efficiency and enhanced trust and security for your account holders by mitigating check fraud losses.
Q: What kind of support does TrueChecks®️ offer?
A: We offer comprehensive support to ensure smooth implementation and ongoing success. Our team of experts is available to assist with integration, provide training for your staff, and offer continuous support to address any issues or questions that arise. We consistently hear from FIs that our support is personalized, prompt, and friendly.
Q: Will using TrueChecks®️ affect our account holders?
A: TrueChecks®️ operates virtually transparently to your account holders, providing Reg CC-recommended actions and associated risk information without disrupting their banking experience. This maintains account holder trust while enhancing fraud protection.
Q: Isn’t check fraud going to be a thing of the past?
A: Unfortunately, check fraud continues to be a significant issue for financial institutions. Recent data shows an upward trend in check fraud, with more sophisticated methods being employed by fraudsters. The number of Check Fraud-Related SARs (Suspicious Activity Reports) filed by financial institutions has increased, indicating that this threat is far from disappearing. TrueChecks®️ is essential for staying ahead of these evolving tactics and ensuring robust fraud prevention for your institution.
Q: What should we do if we’re interested in a demo of TrueChecks®️?
A: Don’t wait—contact us today to request a demo. Our team will walk you through how TrueChecks®️ can meet your institution’s specific needs, providing the check fraud prevention you need to stay ahead. Join us in the fight against check fraud and protect your bottom line.
