Advanced Fraud Solutions Announces New Integration with Vertifi Software

Remote deposit capture leader Vertifi Software chooses Advanced Fraud Solutions for integrated deposit fraud detection.

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Nov 15, 2018, 05:00 ET

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®.

Christopher E. Smith, President and Chief Development Officer, Vertifi Software says, "Vertifi's flagship DeposZip^® remote deposit capture (RDC) solution for desktop and mobile is designed to help financial institutions mitigate this deposit channel's inherent risks, and offers unique capabilities for system performance and operational efficiency. By integrating TrueChecks® directly into the already-robust DeposZip^® risk management toolkit, deposited items are additionally checked against multiple national shared databases of all open and active checking and savings accounts in the U.S. This feature will further help our clients to prevent deposit fraud and expedite funds availability decisions."

"Check fraud is a persistent and growing threat for financial institutions, particularly in the mobile and remote deposit arena," said Josh Sheehan, Vice President of Sales for Advanced Fraud Solutions. "Our real-time integration of TrueChecks® into the DeposZip® platform gives joint customers a powerful, automated way to stop counterfeits, forgeries, and duplicate deposits right at the point of presentment."

About Advanced Fraud Solutions
Advanced Fraud Solutions was founded in 2007 with the simple mission to help financial institutions and businesses prevent fraud by utilizing our comprehensive private cloud-based software solutions at the front line and in the back office. Every day, our innovative fraud prevention tools help banks, credit unions, and merchants of all sizes eliminate losses and safeguard their financial assets, providing the level of protection that today's customers demand. At Advanced Fraud Solutions, we know the best way to fight fraud is to prevent it. Learn more at www.advancedfraudsolutions.com.

About Vertifi^®Software, LLC
A wholly-owned subsidiary of Eastern Corporate Federal Credit Union (EasCorp), Vertifi^® Software, LLC, delivers state-of-the-art payment system technologies and innovative digital solutions to the financial services industry. Integrated seamlessly into some of the most highly-rated mobile banking apps in the nation, Vertifi's flagship remote deposit capture technology—DeposZip^®—was the first of its kind made commercially available for household and business users. Today, Vertifi's suite of services includes mobile applications, statement services, voice-assisted banking technology, and much more. Learn more at www.vertifi.com.

SOURCE Advanced Fraud Solutions