Check Fraud Management 2.0: A New Approach to a Persistent Challenge

Check Fraud Management 2.0: A New Approach to a Persistent Challenge
Check fraud, a decades-old problem, continues to grow despite a decrease in the number of checks written and paid each year. Current defenses have major shortcomings that allow check fraud to flourish and losses to mount as high false positive rates plague even the best efforts of fraud analysts and investigators.

New approaches to data management, next generation analytics and visual alert disposition techniques can fundamentally improve the efficiency and success of check fraud management efforts at banks of all sizes. This session explores these new approaches and what they offer to banks and credit unions of all sizes.

Register for this webinar to learn:

  • Why check fraud is an important problem requiring a new approach
  • How and why existing approaches to check fraud fall short
  • How new approaches to check fraud enable loss prevention teams to catch more fraud, more accurately and more efficiently


Check fraud remains in the top three loss areas for most banks and credit unions. It's a damaging, ongoing challenge, causing record losses that continue to grow annually. In the latest available comprehensive survey of U.S. banks alone, check fraud resulted in close to $1 billion in losses. Many financial institutions treat check fraud as a cost of doing business. Why? Because a new approach to systematically solving check fraud has not emerged in decades.

Institutions using check fraud detection solutions know their challenges and shortcomings all too well. Inaccurate detection analytics yield a large number of alerts, mostly false positives. Those committed to reducing check fraud losses have no choice but to review these alerts in a short time period, an approach that requires an inefficient, manpower-intensive approach.

It's time for a new approach - one that produces a manageable number of actionable alerts, enables fast, efficient disposition of those alerts, and provides a comprehensive view of fraud so that more sophisticated cross-channel and collusive schemes can be stopped.

Attendees to this webinar will learn:

  • Why simple, flawed analytics lead to a flood of false positives

  • How a siloed view of check transactions can leave analysts blind to complex fraud events

  • How next-generation analytics can dramatically reduce false positives while still identifying fraud

  • How better tools for alert management and forensic research can drive faster, more accurate disposition and higher rates of fraud detection - and, ultimately, prevention.

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