Posts by Scott McElhiney

Atris Technology And Advanced Fraud Solutions Partner To Deliver Instant, Automated Check Fraud Prevention At The Teller Line

Atris Technology And Advanced Fraud Solutions Partner To Deliver Instant, Automated Check Fraud Prevention At The Teller Line

HIGH POINT, N.C., March 6, 2018 /PRNewswire/ — Atris Technology, a Gainesville, FL IT services provider offering automation solutions to the banking/financial sector, announced today that it has established a partnership with Advanced Fraud Solutions, a leading fraud prevention and risk mitigation SaaS (software-as-a-service) company. AFS’s TrueChecks® software is now integrated into Atris’ FlexTeller21 platform, giving financial institutions a fast, automated way to review check deposits for possible fraudulent activity. The TrueChecks® service screens for counterfeit...

Read More

Integrating Instant Issuance Cards

Integrating Instant Issuance Cards

While instant issuance eliminates waiting for a debit card to arrive in the mail, it is important financial institutions closely evaluate the solution from an integration standpoint. Multiple systems are often involved with card – and cardholder – information. And because the goal is to make the card immediately usable, the integration tasks must be completed as close to real-time as possible.

Read More

Why EMV cards won’t stop CNP fraud.

Why EMV cards won’t stop CNP fraud.

As U.S. banks deploy chip-enabled EMV debit and credit cards, most articles on the subject imply the new cards will dramatically reduce fraud. Because EMV card technology utilizes a unique one-time code created by the chip for each transaction, it is unlikely fraudsters will be able to produce counterfeit cards which mimic the original, meaning fake cards will essentially disappear. Is it time to celebrate?

Read More

Is teller capture hurt by fewer branches?

Is teller capture hurt by fewer branches?

Teller capture – also known as teller scan or front counter capture – is a processing workflow designed to take advantage of shifts in retail banking: the decrease in transaction volume performed at brick and mortar locations coupled with the prevalence of the x9.37 image file standard used for check image exchange between entities. It is no secret transaction volumes and ultimately, branch locations have lessened over the past decade (FDIC). Increased debit card activity and forms of electronic banking (internet banking, mobile payments, etc.) have reduced the need to write checks and visit...

Read More

Worst Security Breaches of 2014.

Worst Security Breaches of 2014.

There is a familiar theme in all security breaches, regardless of scale: careless oversight and failure to act proactively. Let these cautionary tales help ensure your organization does not fall victim to cyber criminals who will always exploit those who fail to protect themselves.      JP Morgan In October, banking giant JP Morgan Chase announced hackers managed to steal personal information of nearly 80 million customers, including telephone numbers and email addresses. Credit card numbers were not reported as part of the attack, but an outside report of a massive stolen credit card ring...

Read More