Press Release

Advanced Fraud Solutions Releases Report Detailing Best Practices in Preventing Check, Card and ACH Fraud

Advanced Fraud Solutions Releases Report Detailing Best Practices in Preventing Check, Card and ACH Fraud

HIGH POINT, N.C., Nov. 13, 2018 /PRNewswire/ -- Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced the release of a report titled The Changing Dynamics of Deposit Fraud. The report focuses on the latest fraud trends and best practices related to check, cards, and ACH.

Advanced Fraud Solutions Announces New Integration with Vertifi Software

Advanced Fraud Solutions Announces New Integration with Vertifi Software

HIGH POINT, N.C., Nov. 15, 2018 /PRNewswire/ -- Advanced Fraud Solutions (AFS), a leader in fraud prevention software, and Vertifi® Software (Vertifi), a leading provider of remote deposit capture (RDC) solutions for financial institutions nationwide, today announced their new integration of AFS' TrueChecks® to help stop check fraud in real-time within the Vertifi DeposZip® software platform. Vertifi customers will now be able to screen checks for fraud automatically as the items are deposited through DeposZip®.

CUBUS PARTNERS WITH ADVANCED FRAUD SOLUTIONS

CUBUS PARTNERS WITH ADVANCED FRAUD SOLUTIONS

LIVERMORE, CA, August 8, 2018 – Cubus Solutions, a provider of powerful online banking solutions for credit unions, announced a partnership with Advanced Fraud Solutions (AFS) to integrate AFS’s TrueChecks® with Cubus One mobile RDC and small business Desktop Deposit solution. With this integration, credit unions members can now quickly snap a photo of their deposit check, and AFS will take that information and do a real-time fraud detection and account verification check against data from over 1500 financial institutions, processors, and third-party sources. TrueChecks® delivers responses on counterfeit, NSF, closed account, duplicate, and other fraudulent items.

NCR and Advanced Fraud Solutions Partner to Prevent Check Fraud at Interactive Teller Machines

NCR and Advanced Fraud Solutions Partner to Prevent Check Fraud at Interactive Teller Machines

Advanced Fraud Solutions and NCR announce they have partnered to integrate AFS TrueChecks® into NCR's Interactive Teller Machine platform.

Advanced Fraud Solutions’ Ted Kirk Talks Possible Perils of Mobile and RDC Fraud…

 Advanced Fraud Solutions’ Ted Kirk Talks Possible Perils of Mobile and RDC Fraud…

Ted Kirk of Advanced Fraud Solutions discusses possible perils of mobile and remote deposit capture fraud at the Corelation Conference. Watch the video to gain valuable insights for your financial institution.

OFAC Regulators Set To Tighten Enforcement, Increase Penalties

Advanced Fraud Solutions released a white paper on OFAC for banks and credit unions to understand new changes in asset control regulations.

Kernersville, NC: Today Advanced Fraud Solutions released a new white paper that helps financial intuitions navigate the regulations and penalties enforced by the Office of Foreign Assets Control. Titled, “Using OFAC Data to Safeguard Against Fraud & Terrorism” the paper leverages AFS’s leading position in the industry to provide guidance on OFAC’s long history, and recent changes.

“As terrorism and organized crime becomes more modular and sophisticated, we are seeing OFAC regulators increase their scrutiny of financial institutions of all sizes,” says AFS President, Lawrence Reaves. “We believe the hefty fines OFAC has become known for will make its way down to smaller banks and credit unions who may unknowingly be in non-compliance with current regulations”.

Advanced Fraud Solutions’ unique position as the premiere fraud prevention software provider for credit unions and banks enabled the company to learn about OFAC’s stiffening audits of financial institutions. In this current political and law enforcement climate regulators will no longer tolerate ignorance on behalf of organizations that are being used as tools for terrorist factions and organized crime.  

The white paper can be requested here. The paper includes:


•    OFAC history, from the Korean War to its present day role in the fight against terrorism
•    The future of OFAC and its expanding review of mid-size financial institutions
•    Details regarding Advanced Fraud Solutions’ powerful OFAC compliance tool


About AFS

Advanced Fraud Solutions delivers loss prevention tools for the front lines of financial institutions, providing same-day batch solution for identification of high-risk transactions that include frontline, remote, ATM, or additional channels. For more information, please visit AdvancedFraudSolutions.com.

Contact

Hashim Warren
Advanced Fraud Solutions
(866) 663-4709
info@advancedfraudsolutions.com

 

IMM, Advanced Fraud Solutions Expand Partnership to Further Prevent Check Fraud

IMM, a pioneer of integrated eSignature, workflow, and document solutions for the modern business enterprise, and Advanced Fraud Solutions (AFS), a CUSO formed in 2007 to combat financial fraud, have expanded their existing partnership. Initially collaborating in 2012 to help IMM’s financial institution clients more effectively mitigate fraudulent check transactions at the teller line, the companies have since strengthened the partnership and integrations between IMM’s Teller Item Capture and AFS’s TrueChecks™ to provide even faster, virtually real-time notification of potential fraudulent check transactions.

Member Driven Technologies, Advanced Fraud Solutions Partner to Provide Frontline Loss Prevention Tools to Credit Unions

Member Driven Technologies, a Michigan-based Credit Union Service Organization (CUSO), and Advanced Fraud Solutions today announced a partnership to provide frontline loss prevention tools to credit unions through the use of AFS’ TrueChecksTM product. TrueChecks proactively identifies losses such as counterfeits, NSF, and closed account data before the check is accepted by the institution. This product offers both real time and same-day batch solutions for identifying high-risk transactions at the frontline, but also from remote, ATM, and additional channels.