TrueChecks

TrueChecks

Advanced Fraud Solutions
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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.

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.

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

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

Audience

Financial institutions seeking real-time, omnichannel check fraud detection and prevention to intercept fraudulent deposits at the point of presentment

Audience

Financial institutions, including banks and credit unions, seeking advanced fraud detection, anti-money laundering compliance, and risk management solutions

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Advanced Fraud Solutions
Founded: 2007
United States
advancedfraudsolutions.com/solutions/truechecks/

Company Information

Nasdaq
Founded: 1971
United States
verafin.com

Alternatives

OrboAnywhere

OrboAnywhere

OrboGraph

Alternatives

Hawk

Hawk

Hawk.ai
SENTRY: FraudSuite

SENTRY: FraudSuite

SQN Banking Systems

Categories

Check Fraud Supported

Categories

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

Integrations

FIS Digital One Supported
FPS GOLD Banking Software Not Supported
Fiserv Supported
Jack Henry Loan Origination Supported

Integrations

FIS Digital One Not Supported
FPS GOLD Banking Software Supported
Fiserv Not Supported
Jack Henry Loan Origination Not Supported
Claim TrueChecks and update features and information
Claim TrueChecks and update features and information
Claim Nasdaq Verafin and update features and information
Claim Nasdaq Verafin and update features and information