PCSi offers fraud protection to item processing customers through AFS
Wednesday, July 31, 2013
IRMO, SC and KERNERSVILLE, NC (7/31/13)—PCSi today announced
the addition of fraud protection to its suite of services offered to item
processing customers through its alliance with Kernersville, NC-based Advanced
Fraud Solutions (AFS).
"AFS’s TrueChecks™ Batch helps prevent fraud and expedite
funds at every channel in the Financial institution; the teller, branch, ATM,
back office, mobile and online banking environments,” said John Slack, Chief
Sales Officer at PCSi. "This allows our customers to receive early warning of
any problem checks within hours”
TrueChecks™ Batch identifies duplicates, counterfeits, NSF,
and closed account items. When complete, the service generates an email
notifying you that there are alerts, along with the corresponding check images,
to review with recommended Reg CC holds within the web console. Return
Notifications are delivered directly into the console, beating the typical
notification time of the Fed Reserve and minimizing the risk of loss.
"Advanced Fraud Solutions is at the forefront of helping
protect financial service organizations through advanced notification on
high-risk deposits,” said Lawrence Reaves, president and CEO of AFS.
PCSi, an affiliate of 40+-year-old CUSO Palmetto Cooperative
Services, was created in June 2011 through the merger of Palmetto Cooperative
Services and Cooperative Services Inc.’s item processing units. It
currently serves more than 452 credit unions in 23 states. For more
information, visit www.trypcsi.com.
About Advanced Fraud
Solutions identifies risk for financial organizations at the earliest points of
detection with software that enables the financial organization to eliminate
fraud and ensure compliance. Protecting more than 400 customers with fraud and
risk detection software at teller, branch, ATM, mobile, remote deposit and item
processing channels. For more information, visit www.advancedfraudsolutions.com.