Detect and prevent a wide variety of payment fraud schemes (e.g. deposit fraud, on-us check fraud, check kiting) using cross-channel and cross-account analytics, monitoring internal and external users, and evaluating unusual patterns.
Despite the declining check volumes in the banking industry, losses attributed to check fraud are still very significant. Fraudsters are using a variety of methods through multiple channels, using cutting-edge technologies.
Bottomline's payment fraud solution provides cross-channel analytics, which can be utilized for detecting a wide range of check fraud schemes including deposit fraud, on-us check fraud, and check kiting. The system tracks activity across multiple accounts of the same customer, and detects direct and indirect links between accounts and customers.
All Bottomline Cyber Fraud and Risk Management solutions incorporate Intellinx technology and use a common platform to capture, normalize, analyze, and act. With this platform all data is captured, normalized, encrypted, and signed—making it easy to analyze suspicious behavior over time and across applications, analyze and prevent new types of fraud, ensure compliance, and provide legally admissible forensic evidence. A common user interface for all types of fraud and compliance analysis maximizes productivity of network operators and fraud investigators. Learn more about the Bottomline Cyber Fraud and Risk Management platform.