Prevent Check Fraud
Faster & Better
AI-powered check fraud detection for banking, fintech, and financial institutions. See how DataVisor’s advanced AI can safeguard your institution from costly check fraud.
Check Fraud Prevention Solution
You Can Count On
60%Less Check Fraud
Reduce financial losses and manual review costs with accurate detection.
5x - 20xMore Efficient
Boost decisioning with link analysis, smart investigations, auto decisions and bulk actions.
8 WeeksFast Integration
Provide rapid and flexible integration with your systems and support real time and batch processing.
You Have Challenges, We Have Solutions
High volume
of fraudulent check transactions
Prevent fraud, Protect revenue
AI-powered, real-time fraud detection that identifies counterfeit, washed, and altered checks before they are processed.
False positives
Leading to legitimate transaction declines
Fewer disruptions, Happier customers
DataVisor’s dynamic Rules Engine, combined with AI Co-Pilot, reduces false positives by 50%.
Emerging tactics
New unknown fraud patterns
Detect new threats, Stay secure
Patented unsupervised machine learning identifies new fraud patterns, including sophisticated and coordinated attacks.
Multiple systems
Fragmented customer data
One view, Smarter decisions
Comprehensive customer profiles integrate data from multiple sources, including check and transaction history, to provide a 360-degree view of each customer.
Manual reviews
Causing increased operational cost
Save time, Cut costs
Auto-decisioning capabilities and bulk actions streamline manual reviews, reducing investigation time and improving efficiency by 5x.
Enhanced Detection with Mitek’s Advanced Image Analysis
DataVisor’s AI-powered fraud detection platform includes built-in integration with Mitek’s advanced image analysis, enabling checks to be compared against consortium profiles and effectively identifying counterfeit or altered checks using over 18 attribute scores.
DataVisor’s End-to-End Check Workflow
1. Data Orchestration
Checks are processed in real-time or through batch processing. Checks captured via mobile (Remote Deposit Capture), ATM or deposited at branches can be sent directly to DataVisor’s Real-Time API. Sending a collection of check data in batch go through a separate initial step via our Batch Runner.
2. Detection Engine
Our Detection Engine allows financial institutions to configure their strategy using a combination of rules, ML models, and additional risk signal callouts. The engine automatically evaluates each event, providing automatic decisions to accept, decline, or review.
3. Risk Signals & Customer Communication
Mitek Integration: Utilizes advanced image analysis technology to analyze checks, providing over 18 distinct attribute scores essential for assessing the authenticity and risk level of each check.
Twilio SMS Verification: Engages customers directly through SMS to verify high-risk transactions, enhancing security and customer interaction.
4. Case Management
Our Case Management equips customers with a comprehensive platform to manage workflows, queues, and decision processes.
It features DataVisor’s Knowledge Graph, a sophisticated link analysis tool that enhances investigative efficiency by visualizing data connections. Additionally, the system allows direct viewing and reviewing of check images, aiding swift case resolution
Our engagements with them have proven what a great partner they are. I’m a big advocate with my credit union peers talking about DataVisor, they’ve really earned our business.
Comprehensive Protection Against
All Types of Check Fraud
No matter the method, DataVisor’s AI-powered platform is equipped to handle every type of check fraud. Our advanced machine learning models detect and prevent a wide range of check fraud schemes, including:
Check Kiting
Stop fraudsters from exploiting the “float” time between banks by detecting suspicious patterns across multiple accounts.
Check Washing
Detect attempts to alter legitimate checks by verifying the authenticity of the payee, amount, and other critical details.
Remote Deposit Capture (RDC) Fraud
Prevent fraud from mobile and remote deposits by identifying duplicate or altered checks in real-time.
Counterfeit Check
Identify forged checks created using sophisticated printing techniques, preventing fraudulent transactions before they happen.
Paperhanging
Stop bad actors from writing bad checks from new or closed accounts without sufficient funds.
Complete Protection for Your
Organization & Customers
With DataVisor, you gain the confidence of knowing that every type of fraud is monitored and blocked before it can cause damage.
Account onboarding
Minimize Onboarding Delays, Maximize Revenue
Application Fraud
Balance risk in account onboardings and loan applications.
ATO Prevention
Protect customer accounts from takeover attempts
ACH and Wire Fraud
Combat financial crime in electronic fund transfers
Card Fraud
Block bad payments and reduce false declines
AML Compliance
Manage BSA/AML programs and limit risk exposure
Featured Resources
Effective Strategies to Fight the Rise of Check Fraud
Stay One Step Ahead: Effective Measures to Prevent Check Fraud with DataVisor's Platform
The Rise of Check Fraud
Leverage DataVisor's cutting-edge approach to detect new and unknown attacks before damage is done.