VSoft Corp. said it’s now including an anti-fraud solution from Early Warning Services LLC in its widely used check imaging services.
The DEPOSIT CHEK service uses a shared database from financial services organizations across the country to spot and send alerts about potentially fraudulent deposits, the companies said.
Early Warning is based in Scottsdale, Ariz., and owned by Bank of America, BB&T, Capital One, JPMorgan Chase and Wells Fargo. Its services will be integrated into VSoft’s in-house, outsourced and SaaS delivery models, the Atlanta company said.
“Early Warning’s DEPOSIT CHEK service is an ideal fit for VSoft’s collaborative approach to delivering innovative business solutions on a unified platform,” said Murthy Veeraghanta, chairman and managing director of VSoft.
VSoft said its services have now been used by more than 1,900 credit unions, banks and savings institutions as well as transaction processors, governments, utilities, telecommunications companies and retail organizations.