July 2021
Advanced Fraud Solutions’ TrueChecks® fraud detection service is designed to catch fraudulent checks at the point of presentment. TrueChecks’ comprehensive database contains account level information from thousands of financial institutions and more than 10 years of account-level, historical check fraud data from customers, processors and third-party sources.
TrueChecks can provide credit unions useable data within one second of deposit. Once an item is matched against the TrueChecks database, tellers receive real-time results on duplicates, counterfeits, non-sufficient funds and closed accounts, among other types of fraud alerts. TrueChecks provides tellers with simple Accept (Green), Hold (Yellow) or Deny (Red) responses to help communicate potential risk.
TrueChecks is available with Catalyst Corporate’s TranzCapture suite of deposit services, as well as ImageClear deposit services, where it performs real-time check verification across deposit channels. Real-time verification is also available via direct access to the Advanced Fraud Solutions portal.