Fraud Detection and Prevention Overview
Fraud prevention for banking and financial services
Attempted check fraud at the nation's banks rose to $12.2 billion according to the 2006 American Bankers Association Deposit Account Fraud Survey Report. Banks, financial institutions, insurance companies and government organizations have to invest heavily in fraud detection and prevention technology. The Parascript suite of fraud detection and prevention products helps identify and prevent fraud, ultimately lowering fraud mitigation costs. Parascript's powerful, cost-effective suite of products covers the range of fraud detection and prevention activities including:
- Signature verification and authentication on checks, vote-by-mail ballots and other documents
- Automated fraud filtering of altered checks
- Authentication of signature trajectory at point-of-sale
