Bluepoint Solutions Launches Check Fraud Suite
–Application enhanced with responses from Early Warning Services® flagging potentially fraudulent items at teller line and in back office–
CHICAGO –Oct. 11, 2011 — Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced during the BAI Retail Delivery 2011 tradeshow and expo today its relationship with Early Warning Services, LLC, a recognized leader in fraud prevention and risk management owned by five of the country’s largest banks, to launch a fraud detection application.
Bluepoint’s fraud detection application is available in two modules: a real-time module that is integrated with Bluepoint’s Check 21 teller capture application, ImagePoint Teller, and a batch module that works with Bluepoint’s branch capture application, ImagePoint Branch. The real-time module alerts tellers at the point-of-presentment to any suspicious check deposit. The batch module generates reports throughout the day flagging items being returned prior to an item being returned in the incoming cash letter.
Once a check is flagged as having a reasonable doubt of collectability, the institution can place an extended Reg CC hold on that deposited item, effectively protecting the depositing institution against a potential check loss. Notifications are used to protect both the financial institution and the account holder making the deposit from losses on bad checks.
“Working with Early Warning allows us to bring the same proven solutions in use by the biggest banks in the country to small and medium sized financial institutions facing the growing threat of check fraud,” said Hal Tilbury, CEO and founder of Bluepoint Solutions. “We are excited to enhance our applications with the established leader in detecting check fraud.”
Both Bluepoint’s teller and batch capture fraud detection engines are available immediately.
About Early Warning Services
Early Warning Services is a recognized leader in fraud prevention and risk management and is owned by five of the country’s largest and most respected banks. Those institutions — as well as hundreds of other financial services organizations across the country — exchange information and knowledge to obtain a single view of fraud activity across the enterprise and manage fraud on a cross-institution basis. Early Warning facilitates this secure exchange between these organizations and offers solutions for responding quickly to evolving fraud challenges. For more information, visit www.earlywarning.com.