Advanced Fraud Solutions

?? AFS and Aptys Solutions have united to fight ACH fraud... We’re excited to announce our new partnership with Aptys Solutions, a leader in cloud-based payment technologies, to deliver unparalleled fraud prevention and payment security to over 5,500 financial institutions nationwide. Here’s what this means for FIs: ?? Proactive Fraud Defense With TrueACH integrated into Aptys’s PayLOGICS platform, financial institutions now have access to next-gen tools to combat credit-push fraud schemes. ?? Advanced Fraud Detection Real-time transaction verification and dynamic review help identify and prevent ACH fraud *before* it happens. ?? Future-Ready This integration ensures institutions are prepared for the upcoming NACHA rules changes in 2026. ?? Optimized Ops Automated ACH risk management and real-time alerts enhance operational efficiency while reducing the risks of electronic payments. This collaboration combines Aptys’s powerful payments platform with AFS’s trusted fraud detection technologies, creating a strong defense against the evolving fraud landscape. ?? Learn more about about the partnership here: https://lnkd.in/gdCka4S8 #fraudprevention #paymentssecurity #financialinstitutions #bankingsecurity #compliance #riskmanagement #ACHfraud #frauddetection #financialtechnology #fintech #nacha #achsafety #achfraud #achsecurity #frauddetection #scams #scamawareness #payments #electronicpayments #financialfraud #depositfraud

?? Upcoming Webinar: Navigating Check Fraud: Insights, Solutions, and the Power of Positive Pay ?? Join us on November 26th at 12 PM CST for an in-depth look at the latest trends and tactics in check fraud. This session will uncover crucial data, the most prevalent fraud methods, and the evolving threat landscape that financial institutions face today. ?? What You’ll Learn: ??Key statistics and insights into check fraud trends ??An overview of common fraud tactics targeting FIs ??Live demo of Positive Pay and how it helps prevent payment fraud ??How leveraging a robust fraud database strengthens your defenses This webinar will equip your team with the strategies and tools to stay ahead of fraudsters and safeguard your institution’s bottom line. ?? Register here: https://lnkd.in/gP6REh7f #CheckFraud #FraudPrevention #PositivePay #FinancialInstitutions #CyberSecurity #RiskManagement #DepositFraud #PaymentFraud #FinancialServices #CheckFraud #Scams #Treasury

?? AI Isn’t Just For Business. Fraudsters Love It, Too Artificial intelligence tools, like ChatGPT, are being adopted rapidly across industries. But while businesses are using AI for good, fraudsters are exploiting it to launch increasingly sophisticated attacks. Here’s what’s happening: 61% of businesses have been targeted by AI-generated phishing scams this year. 49% have reported payment fraud aided by AI tools like ChatGPT. Nearly 40% of financial services companies are already facing fraud losses ranging from $500,000 to $1 million. For financial institutions, AI’s ability to create realistic text, code, and even websites means fraud is harder to detect. And members are noticing: 72% of consumers have seen an increase in spam and scams, while 69% say these scams are becoming more difficult to spot. ?? How We’re Fighting Back At AFS, we’re using real-time, data-driven insights from financial institutions across the nation to stay one step ahead. While AI scams evolve, our solutions leverage real data to help FIs spot fraud before it turns into significant losses. By sharing intelligence across institutions, we’re fighting back against fraudsters who use AI to gain the upper hand. The fight against AI-fueled fraud is evolving fast. With shared data and proactive strategies, financial institutions can stay ahead of the game.

?? We're Live at Jack Henry Connect! ?? Our team is excited to be here at booth 1127 talking all things deposit fraud and how our solutions can help your financial institution avoid costly losses. Swing by to learn how we’re staying ahead of evolving fraud tactics and how AFS can protect your bottom line. We can’t wait to connect with you! ?? #JackHenryConnect #jhconnect #DepositFraud #FraudPrevention #FinancialInstitutions #BankingSecurity #Finance #ScamAwareness #fraudalert #scamalert #checkfraud #Cybersecurity #Fintech

?? ATM Deposit Fraud on the Rise—Are You Prepared? As the boots on the ground in the check fraud space, we are seeing a surge in ATM deposit fraud—and with the holidays fast approaching, these threats are only expected to increase. Fraudsters are evolving their tactics, including scams going viral on TikTok, making it more important than ever to secure your operations. ?? What You Can Do: ■ Enhanced Protection with Batch: Adding TrueChecks Batch to your fraud prevention strategy can help safeguard your ATM deposits by catching discrepancies before they turn into financial losses. This is especially critical during high-risk times like the holiday season. ■ New to TrueChecks? Allow us to introduce the leading check fraud defender. TrueChecks and TrueChecks Batch seamlessly integrate into your existing tools and help prevent fraud before it hits your bottom line. ?? Stay One Step Ahead: ATM check fraud is coming for FIs, the question is: will your institution be ready? ?? Interested in learning more? Reach out to discuss how TrueChecks Batch can further bolster your defenses! https://lnkd.in/g8quYUFA #ATMDepositFraud #FraudPrevention #TikTok #Viral #ViralScams #ATMFraud #CheckFraud #FinancialSecurity #BankingProtection #CreditUnion #ScamPrevention #TikTokScam #CyberSecurity

?? This week’s viral TikTok “money glitch” involving Chase Bank is a stark reminder that check fraud isn’t going away anytime soon. The scam—where people deposited fake checks and quickly withdrew the funds before the checks bounced—caused major financial and legal headaches for both Chase and the affected account holders. For financial institutions, it serves as a crucial learning moment about the persistent threat of fraud. ?? Check Fraud Is Far from Dead While it might seem like checks are a thing of the past, fraudsters are still finding ways to exploit them, even teaching younger generations how to do it. Viral trends like the Chase scam show that checks remain a tempting target. Financial institutions that overlook this risk could be in for trouble. Ignoring check fraud in today’s world could prove costly as scammers continue to find ways to manipulate traditional banking systems. ?? Fraud Is Opportunistic Even if your institution hasn’t seen much check fraud or other scams, it doesn’t mean you’re safe. Fraudsters are always on the lookout for opportunities, and all it takes is a viral trend or an online scam for fraud attempts to surge. Whether it’s through checks, wire transfers, or other means, no institution is immune. The key takeaway? Always be prepared for fraud, no matter what form it takes. ?? Awareness Alone Isn’t Enough Despite all the public warnings about scams, some people will still fall victim—whether due to lack of knowledge, desperation, or misplaced trust. This makes it essential for financial institutions to not only educate their customers but also invest in tools that help stop fraud before it happens. Relying solely on consumer awareness isn’t enough to prevent the damage. ??? After this week’s news, it’s clear that having a solution in place for check fraud is more critical than ever. Viral trends can quickly drag your FI into a scheme that not only leads to financial losses but also causes significant damage to your reputation. ??? With over 1,000 financial institutions relying on TrueChecks?, our solution is designed to help prevent check fraud. TrueChecks provides real-time responses through API connections, allowing financial institutions to flag suspicious transactions before they hit your bottom line. Learn more about TrueChecks here: https://lnkd.in/gMmEjWCt #checkfraud #chase #tiktok #moneyglitch #viral #checkfraudscam #scam #viraltiktok #trends #trending #chasebank #fraudprevention #fraud

??We're so excited to share that Aasma B. is part of the speaker lineup at Wespay's 2024 Payments Symposium, taking place September 12-13! ????? Join AFS and payment experts from all over the U.S. as we learn, connect, and stay up-to-date on the latest in payments innovation, strategy, rules, compliance, and fraud prevention. Aasma will be diving into the important topic of ACH fraud prevention. This is a session you don’t want to miss. ?? Register today at www.wespay.org #Wespay #WespayPayments2024 #ACHnetwork #Nacha #ACHfraudprevention #fraudprevention #tradeshow #fintech #financialinstitutions #financialindustry #paymentsfraud #depositfraud #payments

?? Reminder! Still time to reserve your seat for this check fraud webinar tomorrow! Join us on August 20th at 11:00 AM EST for an eye-opening webinar with Q6 Cyber. Discover how stolen checks move through underground markets on Telegram and gain the insights you need to protect your FI from this growing threat. ?? What You’ll Learn: ? Explore the hidden world of Telegram’s check fraud ecosystem. ? Uncover the tricks fraudsters use to stay under the radar. ? Arm yourself with tools and techniques to fight back against check fraud. ??? It’s not too late to reserve your spot! ?? Register here: https://lnkd.in/gcnGQkUq #CheckFraud #Cybersecurity #FraudPrevention #FinancialInstitutions #Fraud #DepositFraud #PaymentScam #Scam #Fintech #CreditUnion #CreditUnions #Banking

Proud moment:?AFS among top 10 Triad companies making waves nationally! We're incredibly proud to share that Advanced Fraud Solutions is one of the ten Triad-based companies recognized in Inc. Magazine's 2024 list of the 5,000 fastest-growing private firms in America. This achievement not only highlights our commitment to combating the effects of fraud but also underscores the vibrant economic growth and innovation within the Triad region. ?? Triad's Economic Impact: ??Collective Growth: The ten Triad companies together boasted a median growth rate of 214%. ??Job Creation: These companies have been engines for employment, collectively adding 1,752 new jobs over the past three years. ??Economic Contributions: Our group has significantly contributed to the local and national economy, fostering community development and technological advancements. Join us in celebrating all the Triad companies making a mark: Accelerated Brands AvevoRx RUD Fleet Corporation Third Generation Homes Vanessa Horn International, LLC International Cogent Analytics Mission Mobile Medical Group Proforma Total Print Solutions Comtech Group We're excited to continue this journey of growth and innovation, driven by a mission that matters. Here's to many more years of making a difference! #AFS #Inc5000 #TriadBusiness #Innovation #Growth #JobCreation #MissionDriven #EconomicImpact #TriadPride #LocalBusiness #NorthCarolina #NCTech #Innovation #BusinessGrowth

??? Ever wondered how a stolen check moves in the shadows of underground markets? Our latest webinar collaboration is going to be eye-opening. Join Advanced Fraud Solutions and Q6 Cyber on August 20th for an exclusive webinar that reveals how check fraud proliferates on Telegram. ??? Event Details: Date: August 20, 2024 Time: 11:00 AM EST ?? What You'll Learn: ?? Behind the Scenes: Take a journey through Telegram’s check fraud ecosystem and see firsthand how stolen checks move through the digital underworld. ?? Know Your Enemy: Learn about the tricks fraudsters use to evade detection—knowledge is power in fighting rampant check fraud. ?? Fight Back with Intelligence: We'll share tools and techniques that are essential for FIs to defend against Telegram based check fraud, and beyond. ?? Reserve your space here: https://lnkd.in/gTsE2-XN