Tom Ruscha Online Fraud Detection on Combating Credit Union
Online Fraud Detection on Combating Credit
Union Check Fraud with Technology
FLEX, a credit union core processor, integrates with Advanced Fraud Solution for check fraud
(Newswire.net -- October 27, 2016) Sandy, Utah -- FLEX CREDIT UNION TECHNOLOGY
SELECTS ADVANCED FRAUD SOLUTIONS TO INTEGRATE INDUSTRY-LEADING CHECK
FRAUD DETECTION SOLUTION WITHIN ITS TELLER CAPTURE PLATFORM.
Industry-leading solution providers for the financial services sector join forces to combat check
FLEX announces a partnership to integrate its credit union core processing platform with Advanced
Fraud Solutions’ (AFS) fraud detection tools. The partnership unites two industry leaders in the
perennial fight against check fraud that continues to generate significant losses at credit unions across
A recent report produced by AFS found that while check volumes continue to decline, the exponential
growth in online and mobile banking coupled with the adoption of EMV technology to combat plastic
card fraud has helped breathe new life into fraud schemes involving paper checks.
FLEX customers will now be able to automatically screen checks presented at the teller line for fraud.
In addition to detecting counterfeit checks, accounts with insufficient funds, and closed accounts,
AFS’ solution helps financial institutions detect duplicate deposits previously made through remote
deposit or mobile banking, which is a growing problem for the financial services industry as a whole.