NCR Interactive Teller Machine foils fraudsters with AFS TrueChecks solution

NCR Corp. and Advanced Fraud Solutions have partnered to integrate AFS TrueChecks into the NCR Interactive Teller Machine platform.

Interactive Teller Machines allow financial institutions to provide teller services during nontraditional banking hours and in areas not served by branches. The machines offer advanced services such as intelligent deposit, bill pay and new account and loan initiation, according to a press release

TrueChecks is a web-based solution that recommends teller actions based on the fraudulent history of a check or account.

TrueChecks takes a collaborative approach to fighting fraud, with FIs, processers, and other industry sources contributing their data about counterfeit, NSF, and closed account information to a shared database.

This protects financial institutions not only from repeat offenders within their organization, but also from external risks from other financial institutions both locally and across the U.S., the release said.

By integrating TrueChecks directly into the ITM platform, AFS and NCR can deliver instantaneous feedback on check deposits made through the ITM.

"Our teaming with NCR enhances the ability of its financial institution clients to authenticate ITM transactions quicker and more accurately," AFS CEO Lawrence Reaves said in the release. "The partnership offers an unparalleled combination of external risk mitigation data in real time, without sacrificing the convenience customers get with remote deposit capture."

Topics: ATM Innovation, Deposits / Check 21, Security, Software, Transaction Processing

Companies: NCR Financial Services

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