Check Fraud Detection: Leading the Way to Enterprise Payment Fraud Reduction

Michael Bunyard, Director of Product Planning, Risk Solutions, Carreker Corporation

The National Clearing House’s NCHA 5.0
December 6, 2006
Dallas, Texas

While most experts embrace the notion of enterprise risk management, it has been difficult to make progress toward that goal because many have presumed the prerequisite of an enterprise technology platform. However, the cost and complexity of changing to such a platform has been a stubborn deterrent for most banks. Instead, the best path toward “enterprization” appears to be incremental integration – starting in one silo (e.g., with one payment type), and one function (e.g., detection), and expanding outward to other silos and other functions. This presentation will describe how check fraud detection can be the starting point for this integration process:

• First tying together fraud alerts/suspects of all payment types
  (check, ACH, credit, debit – AML, etc.)
• Second, tying together alert management with case management/investigations

In this fashion, banks can continue to use long-established fraud detection systems, but integrate the workflow and processes to yield more and better information and reduce false positives.

The National Clearing House

Contact: Ann S Cave
email: ascave@checkfree.com
phone: (678) 375-4039