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Bluepoint AFS join to stop counterfeit checks

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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.

TMG in iInc.i magazines Top 500 list

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DES MOINES, Iowa (8/22/12)--Inc. magazine has recognized TMG Financial Services as one of the 500 fastest-growing companies in the nation.

Inc. ranked TMG Financial Services at number 340 on its 31st annual list of 500/5000 fastest growing, privately held companies.

TMG Financial Services is the portfolio purchasing, card issuing and investment credit union service organization affiliated with The Members Group, based in Des Moines, Iowa.

It purchases credit card portfolios from credit unions and then continues issuing the cards through agent-issuer programs with sellers and provides credit unions with investment opportunities in their portfolios.

To make Inc.'s list, companies had to have achieved a minimum of 770% in sales growth, TMG Financial Services said.

The Inc. 500's aggregate revenue is $15.7 billion, with a median three-year growth of 1,431%. The companies on this year's Inc. 500 employ more than 48,000 people and generated more than 40,000 jobs in the past three years, TMG Financial Services said.