TrueChecksAdvanced Fraud Solutions
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Nasdaq VerafinNasdaq
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Related Products
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About
TrueChecks is a consortium-powered, real-time check fraud detection solution that intercepts fraudulent deposits at the moment of presentment by scanning each item against the industry’s largest cooperative database, which contains account- and item-level records from thousands of financial institutions spanning over 15 years. It supports seamless integration via a secure web portal or RESTful APIs that plug into existing image-capture systems, core processors (including FIS, Jack Henry, and Fiserv), or mobile and ATM channels, enabling omnichannel protection. TrueChecks applies advanced field-detection, text-classification, and interpretation models to identify counterfeit, duplicate, non-sufficient-funds (NSF), closed-account, and altered checks, delivering instantaneous alerts to tellers and back-office teams. Its cloud-native architecture provides high scalability with minimal infrastructure.
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About
Nasdaq Verafin is a leading provider of anti-financial crime solutions that leverage consortium analytics and AI technology to detect and prevent various types of fraud. Their products cover payment fraud detection, check fraud, wire fraud, and AML (anti-money laundering) compliance. The platform integrates data from thousands of institutions and hundreds of sources across the cloud to analyze over 1.1 billion transactions each week. Nasdaq Verafin’s consortium approach enables deep insights, helping financial institutions reduce fraud losses, as demonstrated by a top 25 U.S. financial holding company that prevented $9.6 million in fraud within two months. The company also offers educational resources, webinars, and research reports to keep clients informed about evolving financial crime trends. With industry recognition such as the Chartis Risk Tech 100, Nasdaq Verafin remains a trusted leader in the fight against financial crime.
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Platforms Supported
Windows
Not Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Platforms Supported
Windows
Not Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Audience
Financial institutions seeking real-time, omnichannel check fraud detection and prevention to intercept fraudulent deposits at the point of presentment
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Audience
Financial institutions, including banks and credit unions, seeking advanced fraud detection, anti-money laundering compliance, and risk management solutions
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Support
Phone Support
Supported
24/7 Live Support
Not Supported
Online
Supported
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Support
Phone Support
Supported
24/7 Live Support
Not Supported
Online
Supported
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API
Offers API
Supported
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API
Offers API
Not Supported
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Not Supported
Free Trial
Not Supported
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Pricing
No information available.
Free Version
Not Supported
Free Trial
Not Supported
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Reviews/
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Reviews/
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Training
Documentation
Supported
Webinars
Supported
Live Online
Supported
In Person
Not Supported
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Training
Documentation
Supported
Webinars
Supported
Live Online
Supported
In Person
Supported
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Company InformationAdvanced Fraud Solutions
Founded: 2007
United States
advancedfraudsolutions.com/solutions/truechecks/
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Company InformationNasdaq
Founded: 1971
United States
verafin.com
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Alternatives |
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Categories |
Categories |
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AML Features
Behavioral Analytics
Supported
Case Management
Supported
Compliance Reporting
Not Supported
Identity Verification
Not Supported
Investigation Management
Supported
PEP Screening
Not Supported
Risk Assessment
Not Supported
SARs
Supported
Transaction Monitoring
Not Supported
Watch List
Not Supported
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Integrations
FIS Digital One
Supported
FPS GOLD Banking Software
Not Supported
Fiserv
Supported
Jack Henry Loan Origination
Supported
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Integrations
FIS Digital One
Not Supported
FPS GOLD Banking Software
Supported
Fiserv
Not Supported
Jack Henry Loan Origination
Not Supported
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