Protecting clients from check fraud by providing improved accuracy and protection for pay verificationA West Coast financial institution wanted to provide its corporate banking clients with better protection against check fraud. They needed a fraud detection and prevention solution that would combat check fraud schemes starting at disbursement and including automated verification.
The organization turned to ARGO with the objective to:
- Better protect clients’ checks against fraud;
- Increase clients’ read rate accuracy; and
- Decrease clients’ manual decisioning.