FraudOne DayOne
The early Bird catches the early Fraud
Catch Them while you can!
In-house items or over-the-counter cheques are collected, scanned, and ready but still need to wait until the inwards clearing volume arrives before they are processed. Ok for payment. Ok for fraud?
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FraudOne Day One Solution Package
FraudOne Day One Solution Package
FraudOne DayOne is the FraudOne flavour designed to enable cheque fraud detection and prevention for over-the-counter on-us items (inhouse cheques) for same-day verification processing.If a bank can get hold of the cheques images and data as soon as those cheques are scanned without the need for the items to post, then they can be immediately forwarded for fraud detection. The bank can therefore also react on the fraud immediately. Once the corresponding iwanrds clearing items have joint the preliminary fraud information on the inhouse items is already available and can now also be considered for the full volume.
Typical next step solution after implementing FraudOne DayTwo for all banks that can get access to their in-house items earlier and want to start fraud detection processing on those items one day ahead of the regular inwards clearing processes.
Entry solution for banks in countries where branch level processing is the standard or more prominat in volumes than inwards clearing. Since these in-house items will be processed before posting other types of transaction analysis methods are used typically those items are kept in the system after processing until they are joint by the regular inwards items.
A natural evolution of an item processing operation using FraudOne DayOne is to move ahead and now also address cashed cheques by adding the FraudOne DayZero Solution Package.
Entry solution for banks in countries where branch level processing is the standard or more prominat in volumes than inwards clearing. Since these in-house items will be processed before posting other types of transaction analysis methods are used typically those items are kept in the system after processing until they are joint by the regular inwards items.
A natural evolution of an item processing operation using FraudOne DayOne is to move ahead and now also address cashed cheques by adding the FraudOne DayZero Solution Package.