Bluepoint Solutions

Despite declining check volumes, check fraud losses continue to increase as fraudsters are getting more adept at using checks to defraud financial institutions. What are you doing to prevent losses and protect your account holders?

Detect potential fraud in real-time at the teller line and prevent losses through sub-second alerts that a check is likely to be returned, giving your tellers cause to apply an extended Reg CC hold.  In a batch environment, receive  notification that an item is being returned up to 48 hours before receiving it in an inclearing cashletter.  Bluepoint’s ImagePoint fraud modules give your institution the ability to compare checks against a central database of over 90% of the demand deposit accounts nationwide.  Win customer loyalty by protecting them against NSF hassles and preventing returned check and overdraft fees.  Attack fraud before items are deposited, empowering your staff to make Reg CC-compliant hold/no-hold decisions.

Bluepoint Solutions, a long-standing solution provider of premier check capture and processing solutions to financial institutions, offers real-time fraud detection modules with ImagePoint Teller and Branch capture. Reduce your institution’s check fraud losses and experience a rapid ROI that will continue to produce significant savings, month after month.

Select Features

Stop Check Fraud and Reap Significant Savings

• Identify potentially fraudulent checks at the teller line, prior to deposit
• Push check fraud prevention measures to a Day 1, real-time environment with additional protection for Day 2 and beyond
• Establish reasonable doubt of collectability, enabling extended Reg. CC holds preventing thousands in losses
• Predict likely savings, drawing on extensive historical data, showing rapid ROI
• Automatically receive ongoing notifications of return on items being returned from the previous day, allowing extended Reg. CC holds before items are returned
• Flag deposited items, giving your institution up to 48 hours to prevent a loss
• Justify the extension of Reg. CC holds on flagged items, preventing losses until items are proven to be valid
• Combat attempted forgery, counterfeiting, alterations, paperhanging or kiting

Protect Account Holders and Enhance Service

• Protect account holders from known, high-risk items
• Stop unnecessary losses right at the teller line or in the back office
• Guarantee that tellers are always making Reg. CC compliant hold/no-hold decisions based on the most accurate and current information available
• Provide tellers with information to enable decision making on cash disbursements
• Give clients the option to take the item to the paying bank, seek other payment or deposit it with an extended hold
• Automatically prompt tellers with legally correct, yet configurable language to inform clients when an item is at high risk of collectability

Take Advantage of the Industry’s Most Comprehensive Database of DDA Information

• Utilize technology that provides access to information on 90% of all Demand Deposit Accounts in the U.S.
• Query a highly accurate, nationally shared database that is updated daily
• Produce a sub-second response time at the teller line
• Provide access to data contributed by many of the largest financial institutions, including account age, overdraft history, stop payments, return items, transaction history and account owner information
• Use inclearings and return notifications from major financial institutions to analyze accounts not covered in the database, providing notification and the high probability of potentially risky items
• Provide tellers with analysis of over 75 differing levels of doubt, offering specific recommendations for preventive action