Jack Henry launches anti-fraud check solution

Wednesday 13 January 2021 13:49 CET | News

US-based Jack Henry has announced that its AlertCenter solution now integrates with the SilverLake Teller Capture automated check processing anti-fraud solution.

Jack Henry identified a 35% increase in extended deposit hold recommendations and an 11% increase in transaction deny recommendations during the first half of 2020 as compared to the same timeframe in 2019. Banks need a way to identify fraudulent transit check activity while providing the needed customer service.

That is why AlertCenter, offered in partnership with Advanced Fraud Solutions TrueChecks is now integrated with SilverLake Teller Capture. As a result, banks can detect potential returns or fraud and expedite funds availability at the teller window or via digital deposit channels.

After integrating AlertCenter with Teller Capture to automate the processes, fraud should remain low and decisions instant, even with a very low threshold.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Jack Henry, checks, AlertCenter, product launch, fraudulent checks, banks, anti-fraud solution
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime