Banks
Retail Banks • Savings & Loans • Thrifts
Operational risk can manifest itself in many ways.
Fraud losses in particular can be the most costly if the correct tools are not in place.
Attempts of fraud generally fall into one of three categories;
deposit, payment and identity fraud.
Providing solutions to help prevent all three, Early Warning Services operates and maintains a common platform whereby various organizations share their most current information on accounts, transactions and identities.
Shared information, when used exclusively for loss prevention, has proven repeatedly to be the most effective form of protecting your institution as well as the customers you serve.
Solutions
For physical and online items presented for deposit or payment at financial institutions, performs validation and status verification of the payer’s checking account.
Responses help detect fraud, prevent losses and expedite funds availability decisions.
Distinguishes high-risk individuals from profitable customers with the end goal of opening more good accounts and reducing costly write-offs.
This service identifies applicants with a prior history of fraud and/or account abuse while also performing identity verification and compliance list screening.
Available to financial services organizations, provides notification of job applicants and employees that have been released by another institution because they knowingly caused or attempted to cause financial loss.
Identifies high-risk credit card remittance payments made from checking accounts.
For both physical and online items, this service validates an account’s existence, reports its status and whether the payer’s name, address and other elements match the account.
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