In the ever-evolving world of financial security, the phrase “treasury check” might not raise alarms for most, but it should. Government-issued payments, such as the Economic Impact Payment associated with COVID-19 stimulus checks, often include identifiable markers, and any checks lacking this designation could be fraudulent. As we stride confidently into 2025, the shadowy figures … Continued The post Watch Out for the Latest Treasury Check Fraud Tactics [Updated for 2025] appeared fir...| Advanced Fraud Solutions
Check fraud continues to evolve as criminals adopt more sophisticated methods, leveraging advanced technology to bypass traditional security measures. In 2025, fraudsters are increasingly using AI, high-resolution printers, and business email compromise (BEC) schemes to create highly realistic counterfeit checks. With digital banking on the rise, mobile deposit fraud and altered checks are also becoming … Continued The post [2025 Refresh] Common Types Of Check Fraud And Scams appeared first...| Advanced Fraud Solutions
While all financial institutions have access to TCVS, how you integrate it into your fraud prevention process makes a difference. The Treasury Check Information System (TCIS) accesses data related to U.S. Treasury checks and Automated Clearing House (ACH) payments, providing a comprehensive dashboard for managing payment data. Here are the primary ways to access TCVS … Continued The post The Practical Guide to US Treasury Check Verification and Fraud Prevention appeared first on Advanced Fr...| Advanced Fraud Solutions
Discover how Positive Pay helps financial institutions and businesses prevent check and ACH fraud. This comprehensive guide explains how Positive Pay works, types of coverage (including ACH and Payee Positive Pay), and implementation best practices for banks and treasury teams. The post Positive Pay System Definition and Benefits for FIs and Business Accounts appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
If you’re already using TrueChecks® to scan your mobile deposits automatically, then you’re in better shape than most FIs out there. In fact, according to the 2017 AFP Payments and Fraud Control Survey, 75% of organizations in 2016 experienced check fraud, and the mobile channel is a hot spot for this type of activity. Without a database like TrueChecks® to spot fraudulent remote mobile deposits, they can be harder to catch than checks coming through the teller line. Here are some clues...| Advanced Fraud Solutions
Despite a steady drop of checks in circulation, check fraud remains tenaciously persistent. Fraudsters continue to take advantage of access to inexpensive technology, social engineering tactics, and remote business practices to engage in illegal and deceptive check fraud schemes. The post Check Fraud Statistics: Fraudulent Checks Remain a Significant Threat in 2025 and Beyond appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
Discover the best fraud detection software in our 2024 guide. Master deposit fraud detection for your bank or credit union.| Advanced Fraud Solutions
Fighting check fraud will require greater collaboration and cooperation between federal, state and local agencies alongside private sector stakeholders such| ABA Banking Journal
Payment fraud is an ever-present threat in the modern business landscape, costing organizations billions annually. Whether it’s unauthorized transactions, check fraud, or cyber-related schemes, quick action and preventive measures are crucial to minimizing damage. If you suspect payment fraud in your business, here’s a comprehensive guide on how to handle the situation effectively and prevent […] The post What to Do If You Suspect Payment Fraud in Your Business appeared first on SmartPa...| SmartPayables
Learn how fraudsters target unsuspecting victims through relationship and trust scams to carry out check fraud – and how the ScamClassifier(SM) model can be leveraged for more robust prevention and customer education.| FedPayments Improvement
Under a new executive order from President Trump, effective Sept. 30, the U.S. Treasury will no longer issue paper checks| ABA Banking Journal
Fraudsters often leverage fraudulent paper checks to help perpetrate scams. Learn how the ScamClassifier(SM) model can assist in identifying the root cause of the fraud that occurred due to a scam.| FedPayments Improvement
The American Bankers Association Foundation and the U.S. Postal Inspection Service today released three new infographics on money mule scams| ABA Banking Journal