At BankWise Technology, we recognize the growing risks of check fraud and the importance of safeguarding your financial institution. Check Fraud Alerts (CFA) is designed to detect and prevent fraudulent check activities before they affect your bottom line, enhancing security and customer trust.
How Check Fraud Alerts Work
Our advanced fraud detection service continuously monitors check transactions in real time using cutting-edge technology to identify suspicious activity.
- New Recipient Alerts – Instantly notifies you and your customers when a check is issued to a new recipient, ensuring transparency and quick verification.
Example alert:
Check Alert: We've detected a check #13628 for $500.00 to a new recipient, John Doe. If you authorized this, please reply Y. If not, reply N or contact us at 1-555-555-5555.
- Handwriting Alteration Detection – Uses advanced image processing to detect changes in the payee name, amount, or signature fields, preventing encashment of tampered checks.
Example alert:
Check Alert: We've detected unusual handwriting on a check #6240 for $500.00, to a recipient, Jane Doe. If you authorized this, please reply Y. If not, reply N or contact us at 1-555-555-5555.
An Alternative to Positive Pay
For some bank customers, CFA can replace Positive Pay for checks. Unlike traditional Positive Pay, which requires businesses to upload or enter issued check details, CFA automatically detects new payees and alerts the customer—eliminating manual entry while still preventing fraud.
Benefits of Check Fraud Alerts:
- Enhanced Security: Reduce the risk of check fraud with proactive monitoring and real-time alerts.
- Customer Trust: Build stronger relationships with your customers by demonstrating a commitment to their security.
- Operational Efficiency: Automate fraud detection processes, allowing your staff to focus on providing excellent customer service.
- Cost Savings: Minimize financial losses associated with fraud and decrease the resources spent on fraud detection and resolution.
Check Fraud Alerts service is designed to integrate seamlessly with your existing systems, providing a robust shield against fraudsters and ensuring peace of mind for you and your customers.
Get Started Today! Don’t let check fraud threaten your operations and customer trust. Contact us at sales@bankwisetech.com or call (518) 303-3979 to learn more about BWT Check Fraud Alerts and schedule a demo. Join the ranks of secure, forward-thinking banks with BankWise Technology.
Protect your institution with BWT Check Fraud Alerts—because peace of mind is priceless.
- Address:
PO Box 1343
Saratoga Springs
NY 12866
- Email:
sales@bankwisetech.com
- Phone:
518-303-3979