Advanced Fraud Solutions specializes in preventing check andplastic card fraud with its TrueChecks and TrueCards products.
|"We believe that these products will be a great option for ourcredit unions to consider as they fight to avoid fraud losses. Thecost benefit is very attractive and the bottom line benefits aresubstantial," said Ben Schweder, vice president of WCUL ServicesCorp.
|Since starting TrueChecks in 2008, AFS has helped financialinstitutions in 12 states detect fraudulent checks.
|"Freedom Credit Union, a $350 million-asset credit union inPennsylvania, 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.
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