Check Fraud Defender

REAL-TIME, DAY-ZERO FRAUD DETECTION

Patented imaging science, machine learning, and AI combine with cross-institutional consortium data to detect check fraud in real-time, reduce losses, and build customer trust.

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Check fraud is rapidly increasing.

Enhancing check fraud detection through real-time capabilities, a collaborative consortium, and compromised fraud data signals.

Real-time, day-zero decisioning

To stop fraud before transactions post, and remove hold times on good checks to improve customer satisfaction.

AI & machine learning

With patented imaging science to analyze 24 distinct check attributes for faster, more accurate detection.

Robust consortium data

Coverage of over 95% of financial institutions in the U.S. improves detection of “on-us” and “in- transit” fraud.

All-channel coverage

For mobile, in-branch, and ATM to eliminate channel-specific vulnerabilities.

Detect fraud immediately

With the mobile deposit leader, preventing fraud in real-time, in session, and before funds are released.

Compromised data detection signals

Combine compromised fraud intelligence to detect scams faster.

Minimal integration required

For fast, secure deployment that complements existing systems.

Customer-first experience

With fewer holds and faster access to funds, driving satisfaction and trust.

Strengthen fraud defense through a secure, cloud- hosted consortium.

Mitek’s secure, cross-institutional data consortium is a collaborative  network with coverage of over 95% of U.S. financial institutions that  share critical fraud intelligence. When check fraud is detected, that  information is added to this shared network, creating a collective source  of truth that grows stronger as more banks adopt the technology.

Eliminate cross-bank fraud tactics
Improve back-office check scoring
Enable real-time fraud decisioning

The only real-time and data-based consortium.

Cut review times in half

With access to a much larger dataset, our system can analyze and score a multitude of check attributes in real-time, reducing manual review burdens while increasing fraud detection accuracy. Enabling faster, more informed decisions with higher confidence and reduced hold times.

Detect fraud in session

Real-time business rules enable you to immediately flag suspicious transactions and prevent fraud before it causes significant damage. This capability ensures rapid responses  to evolving threats, keeping your financial institution agile and ahead of fraudsters.

Access exclusive intelligence

Mitek’s partnerships provide direct access to real-time intelligence from criminal forums, marketplaces, and monitored channels where  fraudsters discuss and execute check fraud schemes. This unique intelligence fuels more effective fraud detection.

Reduce review times by over 50% with MiControl.

As part of Mitek’s Check Fraud Defender platform, the MiControl Fraud Management Console improves back-office efficiencies with a comprehensive dashboard featuring proprietary visualizations to quickly detect, analyze, and stop incoming check fraud.

With adaptive real-time business rules, actionable insights, and clear visual overlays, MiControl supports day zero analysis and decisioning of fraud suspects. And its intuitive user interface makes single and multi-item reviews, escalations, and queue management a snap.

MiControl delivers an easy-to-use interface that can decrease the time it takes for a fraud analyst to review and make a decision about a suspect check.

“MiControl enabled us to reduce our review time from up to 10 minutes to about 90 seconds.”

Top 100 Bank

WHY FINANCIAL INSTITUTIONS TRUST CHECK FRAUD DEFENDER

Boost customer confidence

Reduce financial losses

Detect fraud faster

A better customer experience.

Your customers trust your financial institution every day to ensure their accounts are kept secure. Give them the security they expect by ensuring your check fraud solutions are best-in- class. Check Fraud Defender can detect forgeries often missed by other fraud tools or not detected until much later in the check clearing process, like forged signatures, legal and courtesy amounts, and recipient name. With terminal status feedback from all participating financial institutions, Check Fraud Defender flags future check deposits tied to stolen and fraudulent checks, at-risk account data, and duplicate deposits.

See it in action

Check liveness, detects a physical, "live" check versus a picture of a picture

True real-time processing for mobile (in-session), branch, and ATM

Compromised fraud intelligence data, images, account takeover, search capabilities, and fraud suspect flags

Profiles for official and government issued checks, money orders, treasury checks, and bank-specific check templates

Your key to back-office efficiency.

Through proprietary visual inspection modeling, Check Fraud Defender helps decrease your operational costs without disrupting your current fraud prevention workflows. The platform itself requires very little integration effort, and your team can easily filter alerts and set business rules. This allows your institution to focus on the fraud that matters and helps your fraud teams to quickly triage flagged deposits and make decisions based on a high degree of available information, all through one centralized management console.

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MINIMIZE FALSE POSITIVES

A visual-based system inspects more document attributes, so fewer checks are flagged for review, resulting in reduced false positives.

ACCELERATE REVIEWS

Actionable insights and opacity overlays help reviewers
validate checks faster and more efficiently.

DECREASE OPERATIONAL COSTS

Proprietary visual inspection modeling helps reduce manual reviews by providing automated, accurate check fraud detection.

Your secret weapon against check fraud.

Check Fraud Defender is a secure, collaborative consortium that strengthens your existing fraud prevention and management solutions. Participating financial institutions leverage Check Fraud Defender’s computer vision and AI to reduce fraud losses By intelligently analyzing 24 distinct check attributes and comparing results to check profiles within our data consortium, Check Fraud Defender creates a shared truth network that helps improve the accuracy of scoring and enables real-time decisioning.

Check Fraud Defender also uses proprietary compromised fraud signals to extract data from stolen checks, account screens, and identification documents sold on criminal channels to provide alerts of potentially compromised accounts.

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Hear more about the rise of check fraud and the power of AI.

Check fraud is rapidly increasing. You need a real-time solution that utilizes advanced machine learning and AI to meet evolving threats.

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Thought leadership from identity verification experts

Thumbnail image stating the Federal Reserve processed $1.75 trillion in government checks

How Mitek helps banks protect against U.S. Treasury check fraud

Read the post

Leverage advanced biometric technology, quickly stopping criminals using fake profiles before your business is impacted.

Watch on-demand

Datos Insights: Check fraud’s hidden costs: Uncovering the true impact on consumers

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FREQUENTLY ASKED QUESTIONS

What is Check Fraud Defender?

As a highly advanced check fraud detection software, Check Fraud Defender is a secure, cloud-hosted consortium solution that enhances existing fraud prevention and management systems. It utilizes computer vision and artificial intelligence (AI) to detect fraud  more efficiently than manual reviews, thereby reducing financial losses and bolstering customer trust.

How does Check Fraud Defender detect fraud?

Check Fraud Defender analyzes 24 distinct check attributes and compares them to profiles within its robust data consortium. This shared database improves the accuracy of fraud detection and enables real-time decisioning. Additionally, it employs both data and proprietary image analysis to extract information from stolen checks and identification documents sold on criminal channels, alerting institutions to potentially compromised accounts.

What are the benefits of using Check Fraud Defender?

Faster Fraud Detection: Automates the identification of fraudulent checks, reducing reliance on manual reviews
Reduced Financial Losses: Early detection helps prevent fraudulent transactions, minimizing potential losses
Enhanced Customer Trust: Provides customers with confidence that their accounts are protected against fraud
Operational Efficiency: Decreases operational costs through automated, accurate check fraud detection, and reduces false positives, allowing fraud teams to focus on genuine threats

How does Check Fraud Defender integrate with existing systems?

The platform requires minimal integration effort and is designed to complement your current fraud prevention workflows. It offers customizable alerts and real-time business rules, enabling your team to efficiently triage flagged deposits and make informed decisions using a centralized management console.

What types of checks can Check Fraud Defender analyze?

Check Fraud Defender can analyze checks from all channels, including mobile deposits, in-branch transactions, and ATMs. It is capable of detecting forgeries often missed by other fraud tools, such as forged signatures, altered amounts, and recipient names.

How does the consortium model enhance fraud detection?

By participating in the Check Fraud Defender consortium, financial institutions contribute to and benefit from a shared network of check profiles and fraud data. This collaborative approach yields higher detection rates and accelerated review times, as analysts can compare multiple check attributes against a secure, cloud-hosted environment that utilizes end-to-end encryption and ISO 27001 certified security protocols.

Can Check Fraud Defender detect counterfeit Treasury checks?

Yes, Mitek has integrated enhanced artificial intelligence analytics into Check Fraud Defender to detect anomalies specific to U.S. Treasury checks. The solution verifies attributes such as date of issuance and routing number, providing real-time, day-zero protection against counterfeit Treasury checks.

How can my institution get started with Check Fraud Defender?

Mitek offers personalized demos of how Check Fraud Defender can be implemented in your current fraud detection process. Contact Mitek to see and learn more about integrating Check Fraud Defender into your institution's fraud prevention strategy.