Advanced Fraud Solutions

09/23/2025

📕 Your weekly fraud brief is here:

→ Nacha’s response to the payments fraud RFI, what it signals and how to prep your ACH monitoring
→ OCC actions that highlight insider and control gaps to close
→ A washed check case you can use to tighten payee match and holds for business accounts

📩 Want these in your inbox, head to https://advancedfraudsolutions.com/newsletter

09/16/2025

📕 Your weekly fraud insights...
Fraudsters moved fast this week:
▪︎ A $410K stolen Treasury check nearly cashed.
▪︎ Mule networks funneling stolen funds through unsuspecting banks.
▪︎ A reconciliation exploit pulling out almost half a million overnight.
The common thread? Weak points fraudsters know how to hit.
Stronger ID validation, mule detection, and tighter reconciliation can shut it down.

https://advancedfraudsolutions.com/blog/afs-fraud-insights-9-16-2025/

09/05/2025

There's a national day for *everything*. Today is National 401(k) day. It has us thinking about fraud...(that's our thing at AFS)

People think of their 401(k) as “set it and forget it”. But for FIs and account holders, that mindset can be risky.

Retirement accounts are increasingly becoming fraud targets:
▪︎ Stolen credentials → unauthorized ACH debit requests
▪︎ Intercepted rollover checks → altered and cashed elsewhere
▪︎ BEC schemes → fraudulent wire transfer instructions

This National 401(k) Day, it’s a reminder for FI teams as much as for account holders and members:

👩‍💻 Tellers & Frontline
▪︎ Be alert to unusual requests around retirement distributions
▪︎ Slow down when customers seem pressured or confused

📑 Back Office
▪︎ Double-check check reissues and rollover instructions
▪︎ Monitor for out-of-pattern ACH/wire activity

🔒 Ops & Risk Teams
▪︎ Push for direct electronic transfers, not mailed checks
▪︎ Enforce out-of-band callbacks for wire/ACH instruction changes

Be proud of your 401(k) but don't ignore it. Protect it by monitoring it, and help your account holders do the same.

07/25/2024

With this solution, businesses will be able to monitor transactions, flag suspicious activities and approve legitimate ones under a single, intuitive digital banking experience. We’re proud to partner with industry leader Advanced Fraud Solutions in the fight against . Learn more about what this partnership brings to our business digital banking clients 👉 https://bit.ly/4cGawpm

07/12/2024

🔒 Exciting news! NCR Voyix and Advanced Fraud Solutions are teaming up to bring Positive Pay to the forefront of fraud prevention. Together, we're empowering FIs with advanced tools to navigate today's evolving fraud landscape. More:

https://www.linkedin.com/pulse/ncr-voyix-afs-bring-positive-pay-forefront-fraud-p0nqe/?trackingId=A2FDr4Lpv2I3hPQhrrGEgQ%3D%3D

08/16/2023

6 Times and Counting! 🚀
AFS makes its mark AGAIN on the Inc. 5000 list of fastest-growing companies!

We're thrilled to share the exciting news:
• Celebrating our 6th appearance on the Inc. 5000 list!
• Our unwavering commitment to fraud prevention protecting over 800 financial institutions.

👇
Catch the full details and insights from our CEO, Lawrence Reaves, on what this recognition means to us.

🔗Read the Full Release https://advancedfraudsolutions.com/news/advanced-fraud-solutions-celebrates-6th-appearance-on-inc-5000-fastest-growing-companies-list/

AFS is thrilled to share this shining achievement for 2023. Read below for the full media release on our Inc. 5000 accolade. Advanced Fraud Solutions, the foremost authority in payments fraud detection, once again graces the annual Inc. 5000 list of the fastest-growing private companies in America.....

08/03/2023

Take us out to a ball game!⚾️ Team bonding day for our West Coast office team. Go Giants!

03/12/2023

It is day 1 of ICBA! Come by booth 414 and see our representatives, Alyssa Kavanaugh and Aasma Bhumbla to learn more about our fraud prevention solutions!

09/12/2022

How do financial institutions maintain their footprint without opening or operating potentially unsustainable branches? To stay connected with their customers, many FIs are considering ways to maintain a lighter footprint, especially as demand for cash continues.

Branch transformation efforts in recent years have shown the value that smarter technologies provide, including better-equipped ATMs and ITMs. But successfully putting these ‘digital tellers’ into the marketplace, without a branch in support, will be the true test of their mettle. Click to read the full op-ed.

Financial institutions dealing with rising costs, staff shortages and a potential economic slowdown may consider shifting to remote deposit.

07/19/2022

Whitepaper | Economic downturns have a tendency to change the fraud landscape for the worse. The result is that paper checks, which are one of the payment methods most impacted by fraud, are likely to become increasingly at risk. Easy to duplicate, deposit or steal, check fraud represents a persistent challenge to financial institutions. Given today’s economic outlook, that challenge is likely to come to a head.

This latest whitepaper from AFS, The Impact of Economic Downturns on Check Fraud Rates, provides a historic perspective on how the economy impacts check fraud incidence as well as details check fraud prevention best practices. Read more:

This AFS report, The Impact of Economic Downturns on Check Fraud Rates, provides historic perspective on how the economy affects check fraud.

07/07/2022

On-Demand Webinar | How Financial Institutions Can Manage Payments Risk

Financial institutions increasingly rely on the ACH Network to facilitate transactions. With that comes a responsibility to manage ACH risk, including helping to prevent fraudulent payments and mitigate any potential losses.

Follow the link below to gain access to our recent webinar, where AFS experts discussed the risks associated with ACH payments and how to more effectively and efficiently manage faster payments risk. https://advancedfraudsolutions.com/uncategorized/on-demand-webinar-how-financial-institutions-can-manage-payments-risk/

06/09/2022

Webinar | Financial institutions increasingly rely on the ACH Network to facilitate transactions. With that comes a responsibility to manage ACH risk, including helping to prevent fraudulent payments and mitigate any potential losses.

Join Advanced Fraud Solutions at 2 PM ET Wednesday, June 29, as we examine the fraud risks associated with ACH payments and how to more effectively and efficiently manage faster payments risk.

Register here: https://advancedfraudsolutions.com/events/virtual/how-financial-institutions-can-manage-ach-risk/

Webinar: Advanced Fraud Solutions, a Nacha Preferred Partner for Account Validation, examines the fraud risks associated with ACH payments.