Features & Benefits

Key Benefits

• 100% check screening increases accuracy and productivity of detecting check forgeries
• Reduces frustrations of manual screening process
• Facilitates timely Suspicious Activity Reporting (SAR)
• Works with your existing image processing system
• Easy to install, implement and scale
• Built on Mitek ImageNet™ platform

Superior Capabilities

• Automatic Check Verification - Automatically verifies signatures and check stock without human intervention.
• Flexible System Integration - Integrates easily with all imaging, POD systems and is platform independent.
• Scalable Architecture - The Solution utilizes a web services model to distribute work loads to accommodate large volume processing.
• Auditing, Tracking and Reporting - Tracks, audits, and reports on all "on-us" checks presented, with complete job and workflow management.
• Multi-Bank Processing - The system provides secure authentication, and administration through a control panel to enable multiple bank institutions and outsourced processing centers to efficiently track and review fraud threats.
• Check 21 Compliant - Complies with the Check 21 Act, including rules for analyzing and processing Image Replacement Documents (IRD).

FraudProtect™ Web Architecture

FraudProtect™ Process Flow

1. Capture: Checks are first captured by a transport and processed through an institution's item processing system. From there, the item processing system creates output files that extract all "on-us" items including the check data (amount), account numbers and the front and rear image files. These files are automatically handed off or im- ported to FraudProtect Web which initiates the test validation process.
2. Test: Using reference signatures and check stocks for each account, FraudProtect Web compares signature(s) on the incoming current check against signature(s) on the reference. The check stock verification test compares features of the incoming check, such as position of preprinted text, lines and boxes, against the same features on the reference set.
3. Review and Decision: A suspect list of items is built for all items that fail to pass a specific signature and check stock security threshold. One or more of the bank's fraud review staff then evaluates the suspect checks. Suspect items are displayed as an image on screen along with the set of reference signatures and check stocks enabling banks to review items in a matter of seconds rather minutes. Bank employees make a pay, no pay, or defer decision and can also add or replace reference signatures and check stocks, add comments on an account, right from the review screen.
4. Report and Action: Senior bank employees, and Outsource processing Operations Managers have everything they need to Track all activity on the application. To complete the process an exception item report is generated to tie into to the exception pull process for the bank or processing center.

System Specifications*

FP Web client:

• Intel Pentium/AMD-based processor running at 2GHz or faster
• 1 GB of RAM (2 GB Recommended)
• Microsoft Windows XP / Windows 2003 / Windows Vista / Windows 7
• Microsoft Internet Explorer 7.0 or later required
• Graphics card and monitor capable of running at resolution of 1024 x 768 or 1280 x 800 required (resolution of 1024 x 768 recommended)

FP Application Server:

• Intel Core Duo /Xeon-based processor running at 2 GHz or AMD Athlon 64 / X2 / Opteron.
• 2 GB of RAM required
• .NET Framework 2.0 installed and configured
• Microsoft Windows 2003 or 2008 Server

FP Web Server:

• Intel Core Duo / Xeon based processor running at 2 GHz or faster or AMD Athlon 64 / X2 / Opteron - for all options: dual processor recommended
• At least 2 GB of RAM required
• .NET Framework 2.0 installed and configured required
• Microsoft Internet Information Services (IIS) Server 5.0 or later required
• Microsoft Windows 2003 or 2008 Server

* Specifications subject to change. All product or company names may be trademarks or registered trademarks of their respective holders.

Client/Server installations of FraudProtect™ available upon request.

FraudProtect Web represents a new revenue stream and a competitive advance for Outsourcing Service Providers.