Losses from counterfeit checks account for approximately one-third of check losses at financial institutions nationwide, according to the most recent ABA Deposit Account Fraud Survey Report. That's among the reasons why Bluepoint Solutions partnered with Advanced Fraud Solutions (AFS). Integrating ImagePoint Teller with the AFS TrueChecks solution automates the identification of counterfeit checks.

When scanning deposits using ImagePoint Teller, tellers will be immediately notified if checks deposited are flagged as potentially counterfeit to protect the depositor and institution. AFS maintains a database of counterfeit checks.

In the past, tellers had to manually enter a check's routing and account numbers into a web-based portal to run counterfeit screening. The integration of TrueChecks with ImagePoint Teller saves tellers time by combining multiple processes into a single workflow and guaranteeing that checks are not accidentally skipped for screening.

[This article was posted on August 27, 2012, on the website of ABA Banking Journal, www.ababj.com.]   

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