AlertManager – Check-related fraud detection and prevention system

The AlertManager fraud detection and prevention system reduces check processing fraud and the inherent financial losses and possible damage to the financial institution’s reputation. This system enables financial institutions to automatically identify any deposited transit checks that fail clearance at the payee financial institution. In addition, the system monitors fraudulent payments on line-of-credit loans and suspect ATM transactions. AlertManager provides links to established fraud networks that automatically screen for bad checks, final return-item decisions, known negative account data, and counterfeit item data. Throughout the day, desktop messages and warnings about possible fraudulent transactions are generated.