TrueChecks™

Solving the Counterfeit Check Problem

TrueChecks™ identifies counterfeit demand drafts and prevents kiting with minimal impact on frontline financial representatives. It accomplishes this by analyzing demand drafts for the frontline personnel and gives them instant information on:

• National and Regional counterfeit check and money order information

• National and Regional Fraudulent account information

• Fraudulent routing numbers

• Industry counterfeit alert information

• Names of fraudulent people and businesses

When a teller is presented a check, he or she can easily enter the check information into the TrueChecks™ system. TrueChecks™ then analyzes the check information, if the check has a fraudulant information, then TrueChecks™ issues either an “alert” or a “denial.” An alert provides a teller with relevant information that assists in determining what type of hold to place on the check. A denial lets the teller know that the check should not be accepted under any circumstance. A denial is usually associated with known counterfeit accounts, counterfeit routing numbers or a customer history of check fraud.  TrueChecks™ is constantly analyzing data to alert frontline personnel.

TrueChecks™ provides these advantages:

•Identifies counterfeit demand drafts proactively at the teller window 

•Pinpoints counterfeit route, account, and institution information

•Provides compliance with Reg CC extended hold requirements

•Protects you with a SAS 70 Type II Compliant hosted solution

•Available on a monthly subscription basis

•Leverages your existing infrastruture, avoiding upfront costs

•Deployed Rapidly, typically installed overnight

•Offers a cost benefit analysis that is typically measured in weeks

•Integrates seamlessly with existing frontline workflow

•Provides ongoing 1-800 technical and training support