Fraudsters have become highly skilled in execution and sophisticated in approach as a result of advances in technology and evolution of personal computers, scanners and color photocopiers. Criminals today are adept in defrauding you and your financial institution without many hassles by taking a blank check from your check book, a check that you may have emailed to pay a bill or a canceled check you may have disposed. Therefore, it is very important today to adopt a logical approach and preventive sense to defeat such malicious check fraud attempts.
Real-Time Check Fraud Monitoring Available 24*7*365
Quatrro offers a tailor-made check fraud solution covering all aspects of risks including On-Us deposit, RDC, mobile, teller, kiting and signature validation. Check kiting has been a major problem in the US that results because of no clearing period following presentation of a Check causing losses amounting to Millions of dollars.
Our cross-trained fraud prevention analysts available 24*7*365 use early warning systems, advanced data analytics, customized scenarios and real-time payment interdiction to detect fraud. The check fraud solution has been designed to deliver real-time fraud detection to enhance fraud prevention rate and manage false positives.
Comprehensive Check Monitoring Across Verticals
- Counterfeit Checks
- Signature Forgery
- Duplicate Presentment
- Payee Match
Quatrro fraud prevention analysts help combat counterfeit checks using a detailed verification process encompassing all types of checks and Image Return Documents (IRDs) such as:
Quatrro’s check fraud monitoring and fraud prevention solution:
- Identifies fraudulent check transactions in real-time before the loss occurs
- Detects fraud quickly using pattern recognition models
- Manages false positives
- Controls flash fraud with user-defined scenarios and detailed scorecards
- Simplifies workflow with prompt alert and case management system