Attempted $410,000 Treasury check deposit stopped at credit union An individual using false identity documents opened accounts and tried to deposit a stolen Treasury check. The attempt hinged on quick onboarding and immediate access to funds. Apply extended holds and payee-match on high-value government checks. Validate IDs against trusted data sources. Re-verify profiles after address … Continued| Advanced Fraud Solutions
Stolen, altered check triggers six-figure loss before stop-pay lands A Kansas City case shows how a stolen and altered $881,324 check was deposited and quickly converted to cashier’s checks and cash before a stop-payment reached the bank. Require enhanced KYC for new business accounts with large first deposits. Tighten large-item review and exception holds for … Continued The post AFS Fraud Insights: Check and ACH cases to study this week appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
Fraud isn’t fading. It’s changing shape. And it’s moving fast. Today, community banks and credit unions are managing more channels, faster payments, and smarter fraudsters, often while relying on fraud controls designed for 2010. It’s no surprise that gaps are widening. What used to be a strong defense at the teller line now leaves the … Continued The post AFS to Present at Wespay: Why Layered Defense Isn’t Optional Anymore appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
TrueChecks® + Jack Henry AlertCenter™ help financial institutions stop fraudulent deposits at the teller and through digital channels Advanced Fraud Solutions (AFS), the leader in deposit-fraud detection for community banks and credit unions, will present and exhibit at Jack Henry™ Connect 2025. AFS will highlight how its TrueChecks® solution, integrated with Jack Henry AlertCenter™, enables … Continued The post Advanced Fraud Solutions to Showcase Real-Time Check Fraud Prevention a...| Advanced Fraud Solutions
Quick Headlines Ally Bank targeted via FBI-agent spoof, attempted bank-fraud play Connecticut indictment alleges stolen-check scheme hitting bank accounts OCC releases August enforcement actions with governance signals Loan officer HELOC manipulation case moves toward sentencing Key Stories Ally Bank spoof via fake FBI authority DOJ reports a Texas suspect posed as an FBI agent … Continued The post Fraud insights: Ally Bank spoof, OCC enforcement, and HELOC fraud appeared first on Advanced ...| Advanced Fraud Solutions
FOR IMMEDIATE RELEASE Triad fraud prevention company joins region’s top growth performers as financial institutions battle increasingly sophisticated criminals Greensboro, NC – Advanced Fraud Solutions (AFS) has earned a spot on the Triad Business Journal’s 2025 Fast 50 list of fastest-growing privately held companies. The fraud prevention software company, which serves over 1,200 financial institutions … Continued The post Advanced Fraud Solutions Named to Triad Business Journal Fa...| Advanced Fraud Solutions
For banks and credit unions, ACH compliance is moving from a back-office requirement to a central piece of risk management. Starting in the third quarter of 2025, Nacha will dramatically expand its proof-of-audit program. Instead of checking a small sample of institutions each quarter, Nacha will ask more than a thousand banks, credit unions, and … Continued The post Nacha Audit Expansion Raises the Stakes for ACH Compliance appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
FOR IMMEDIATE RELEASE Advanced Fraud Solutions Named to 2025 Inc. 5000 List of America’s Fastest-Growing Private Companies for the Eighth Time High Point, N.C. – August 12, 2025 – Advanced Fraud Solutions (AFS), a leader in payments fraud detection and prevention, today announced that it has been ranked No. 4,309 on the 2025 Inc. Magazine … Continued The post AFS Makes 2025 Inc. 5000 List for Eighth Time, Highlighting Sustained Growth and Industry Leadership appeared first on Advanced...| Advanced Fraud Solutions
Check fraud continues to rise, but adoption of prevention tools like Positive Pay still lags. That’s a problem. To solve it, Advanced Fraud Solutions has partnered with Tyfone to embed Positive Pay directly into the Tyfone nFinia® Digital Banking platform. Now, commercial clients can access check and ACH fraud prevention tools—right from their existing digital … Continued The post AFS + Tyfone: Embedded Fraud Prevention for Commercial Banking appeared first on Advanced Fraud Solutions.| Advanced Fraud Solutions
