Financial Institutions continue to enhance services available to their account holders with more immediate funds availability via remote and mobile capture points and cash back on deposits. While this serves a benefit to the account holder, it leaves the institution exposed to increased fraud, both in those newer deposit modes and traditional ones.
The File Transfer Process
Advanced Fraud Solutions consumes the raw x9.37 outgoing batch file and scans it against our TrueChecks® database for any known issues.
The Review Process
Within two hours, TrueChecks® Batch users are directed to a web-based queue to review all TrueChecks® results from that Batch file.
TrueChecks® Batch delivers responses on items deposited in the branch or via ATM, RDC, and mobile channels.
TrueChecks® Batch queries the TrueChecks® database for counterfeit, NSF, closed account, and duplicate items.
Interested in real-time check loss prevention for your teller line? Learn more about TrueChecks®.
What our customers are saying about TrueChecks® Batch:
Ready to learn how TrueChecks® Batch can protect your institution from check fraud?