Check Fraud

The Challenge

Despite the declining check volumes in the banking industry, losses attributed to check fraud are still very significant. Fraudsters are using a myriad of methods through multiple channels, utilizing cutting edge technologies.

 The Intellinx Solution

Intellinx provides cross channel analytics which can be utilized for detecting a wide variety of check fraud schemes including deposit fraud, on-us check fraud, and check kiting. The system tracks activity across multiple accounts of the same customer and detects direct and indirect links between accounts and customers.

Data Capture & Rapid Integration

Intellinx’s ability to extract data from files and databases (like traditional anti-fraud vendors) and its patented network-sniffing technology, enables the system to be deployed very rapidly to either replace or supplement your existing check fraud solutions.

Typical points of integration for check fraud projects include:

  • All items file(s) from proof processing and/or alerts from legacy check fraud applications
  • Images and check information from deposits made throughout the day using Remote Deposit Capture or Branch/ATM imaging
  • Supplemental data collected during account opening
  • Consortium check fraud alert data (e.g., Early Warning)
  • Integration with check imaging systems to automatically present images to analysts and investigators
  • Integration with items processing systems to automate pay/no-pay decisions
  • Integration with DDA systems to automate hold/no-hold decisions

Features

  • The system profiles the activity of each account and customer and detects deviations and suspicious activity.
  • The system tracks activity across multiple accounts of the same customer and detects direct and indirect links between accounts and customers.
  • Predictive modeling is used for reducing the false positive levels.
  • Comprehensive Data for Investigations – Extensive information on check fraud incidents is collected from various sources to create a single source containing all relevant data for investigations, including front and back check images that are relevant to the incident.
  • Flexible, User-Friendly Rule Engine and Investigation Center – The adaptability of the solution enables corporate investigators to easily adjust scoring parameters, calculation methods and thresholds.
  • Integrated with the Intellinx Enterprise Alert & Case Management – Full integration between the Intellinx Alert and Enterprise Case Management and the Intellinx Check Fraud Solution creates an effective, easy-to-use investigative environment.