March 25, 2025—Check fraud costs financial institutions millions annually and check fraud methods are increasingly sophisticated. Financial institutions can combat check fraud with advanced detection tools integrated into digital banking platforms. Smart Remote Deposit Capture (RDC) solutions help banks and credit unions enhance their system security and maintain the trust of their account holders by identifying and stopping potential loss from fraudulent checks.
A Commitment to Combat Fraud
Vertifi’s RDC solutions enhance financial institutions’ fraud prevention strategies through the technology’s layered approach to risk management. At the core of Vertifi’s system is image analysis, which detects check irregularities such as altered details, missing security features, or other signs of tampering. Additionally, the system flags deposits that deviate from an account holder’s typical behavior, helping to catch potential fraud early. By cross-referencing data across multiple deposit channels, Vertifi ensures that suspicious activity doesn’t slip through the cracks.
These solutions are highly customizable, allowing institutions to fine-tune settings based on their risk tolerance and fraud prevention policies. This allows for a balance of security and user experience and ensures compliance with evolving regulations. Our RDC platform has transaction monitoring, duplicate detection, deposit limits, and holds, all customizable by customer segments. Integrated solutions like AFS TrueChecks® and Early Warning® Deposit Chek® provide real-time responses on potentially fraudulent deposits. The U.S. Treasury Check Verification System validates the status of U.S. Treasury-issued items which are widely circulated and common targets for mail fraud.
Partners in the Fight against Fraud
We work side-by-side with our digital banking partners and directly with clients to develop financial services technology fit to address their real-world needs, including risk mitigation, and seize market opportunities. We often review those multi-layered security features with clients during in-person demos of the technology at our partners’ trade shows and other industry conferences.
From March 31 to April 2, we’re attending our digital banking partner Alkami’s Co:lab 2025 Conference in Nashville, TN. If you are in town, visit Vertifi’s booth to learn about our Mobile and Desktop RDC solutions, and their robust risk mitigation tools, as well as our innovative payment solutions like the FedNow® Service gateway. And learn more about check fraud and RDC in our blog contribution on Alkami’s website!
Won’t be at Alkami Co:lab 2025? Current Vertifi RDC service users and financial institutions interested in learning more about our services, can schedule a consultation directly with the Vertifi team at any time via the Request Information form.