​​​​​​​​​​​​​​​​​​​​​​Check Fraud​​​​

Check fraud isn’t dead

Although the number of checks written has dropped precipitously over the last decade, many FIs still experience growth in check fraud losses. In addition, checks continue to be a favored payment method for businesses, with roughly half of all B2B payments in the U.S. made by traditional check. FIs are seeing uptick in fraud in commercial checks, with checks often used in Business Email Compromise (BEC) scams.

Fraud detection and faster funds availability

Due to Remote Deposit Capture (RDC), we are seeing fraudsters exploiting the faster payment P2P channels to commit check fraud. NICE Actimize gives you the ability to accurately detect and prevent first-party check fraud, make real-time decisions and offer immediate funds availability for legitimate transactions. Our solution provides:

  • A holistic, cross-channel view of the customer for a clearer picture of deposit risk
  • Improved operational efficiency, so you can focus your attention on truly suspicious activities
  • Faster customer access to funds, increasing satisfaction
  • Machine learning and predictive variables to detect multiple types of check fraud, including kiting, duplication and counterfeit

Protect yourself from fraudulent checks​

Avoid the risks of fraudsters looking to deliberately manipulate check deposits and defraud your bank, all while satisfying legitimate customers with faster funds availability.


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