HENDERSON, Nev. (8/22/12)--Bluepoint Solutions has partnered with Advanced Fraud Solutions (AFS) to automate the identification of counterfeit checks by integrating Bluepoint's ImagePoint Teller with the AFS TrueChecks solution.
Kernersville, N.C.-based AFS provides fraud detection and prevention software to the financial industry through a suite of card and check related products. Bluepoint Solutions, a payment processing and content management company, is based in Henderson, Nev.
When scanning deposits using ImagePoint Teller, tellers will be immediately notified if checks are flagged as potentially counterfeit. The database of counterfeit checks is built and maintained by AFS. Before the integration with ImagePoint Teller, tellers were required to manually enter a check's routing and account numbers into a web-based portal to run the counterfeit screening.
The combination of TrueChecks with ImagePoint Teller will save tellers time by combining multiple processes into a single workflow and guaranteeing that checks are not accidentally skipped for screening.
Losses from counterfeit checks account for roughly a third of check losses at financial institutions nationwide, according to the most recent American Banking Association Deposit Account Fraud Survey Report.