Stop Fraud Before Funds Leave Your Institution

Your financial institution faces the ongoing challenge of keeping up with evolving, highly sophisticated fraud tactics. And, the financial impact is significant. For every dollar lost to fraud, your actual cost is estimated to be $4.23 due to labor, investigation, legal, external recovery, and customer churn expenses. Unlike batch or next-day alerting, real-time fraud detection solutions help you identify fraud before funds leave your financial institution.

Detect Fraud in Real-Time

Apiture takes a proactive approach to fraud detection, delivering real-time solutions to protect consumers, including:

• FraudNet with Risk Assist: This tool works within Fiserv Checkfree Bill Pay to protect your institution and your account holders before fraud happens. Transparent to consumers making payments, the tool analyzes all transactions to identify fraud in real-time.

• DefenseStorm Fraud Detection: This solution enables you to proactively detect and respond to threats such as account takeover, fraudulent applications, payments fraud, and money laundering. The solution constantly analyzes user behavior and cyber risk, empowering institutions to block suspicious activity, trigger step-up authentication, route anomalies for investigation, and take automated action—including terminating sessions, locking users out, or stopping money movement—based on detected threats.