Advanced Fraud Solutions specializes in preventing check and plastic card fraud with its TrueChecks and TrueCards products.
"We believe that these products will be a great option for our credit unions to consider as they fight to avoid fraud losses. The cost benefit is very attractive and the bottom line benefits are substantial," said Ben Schweder, vice president of WCUL Services Corp.
Since starting TrueChecks in 2008, AFS has helped financial institutions in 12 states detect fraudulent checks.
"Freedom Credit Union, a $350 million-asset credit union in Pennsylvania, detected $86,000 in counterfeits in just two months. Avoiding that kind of loss had a big impact on the bottom line," said Lawrence Reaves, vice president of marketing for AFS.
--lsiegriest@cutimes.com
