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FraudGuard Applications
FraudGuard currently consists of the following applications: Click on each product name below to access more complete information regarding the FraudGuard system of applications in an Adobe Acrobat PDF format.
Positive PayPLUS
This solution enhances traditional positive pay by using digital interrogation technology to automatically capture payee line information, in addition to check number and dollar amount, and compare it with the electronic “checks issued” file provided by the bank’s corporate customer.
Secure Seal
Positive PayPLUS is offered with optional Secure Seal encoding. With Secure Seal, a unique seal is printed on the face of the check when it is issued. Encrypted inside the seal is information unique to that check – including payee name, dollar amount and account number. It’s like a positive pay system that sends the “checks issued” file right along with the check.
Signature Verification
Signature Verification uses complex mathematical algorithms to develop a signature profile for each account by clipping valid signatures from each customer’s check images over a period of time. Suspect items, including potential forgeries and missing signatures, are then available online for decisioning.
Counterfeit Detection
FraudGuard’s Counterfeit Detection automates the analysis of all static elements on the face of a check. All static items such as bank name and logo; check, account and routing numbers; name and address; marks, lines, font type and size are automatically interrogated for placement, size, and content by the system.
Exceptions Management
Our Guardian Decision Support application works with all Imagesoft check fraud detection applications, as well as our Image Quality Assessment solution. It also handles pass through exception received from 3rd party applications.
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