IMAGE-ENABLED PROTECTION FROM CHECK-KITING FRAUD

Timely detection of check-kiting activity is fundamental to stopping potential losses. FraudLink Kite is a self contained, fully integrated solution that shields banks against check-kiting schemes by illuminating high-risk activity for quick, decisive action.

The system's image processing, workflow monitoring and online research capabilities increase efficiency and dramatically streamline the suspect review process. In addition, on-screen viewing and decision-making eliminate mountains of paper reports.

For example, users can access check images, identify 'red flag' indicators and get immediate online access to transaction history, daily float statistics and balances. FraudLink Kite also ensures effective controls for targeting suspicious activity, providing detailed information tailored to the bank's needs. Most banks eliminate a majority of their kiting losses once the system is installed.

STREAMLINED INVESTIGATIONS

Providing a continuous watch over each customer account, FraudLink Kite analyzes a 45-day history for uncollected funds and uncollected funds usage. As suspected items are flagged, FraudLink Kite identifies the highest-risk items and creates a prioritized report. The result is rapid analysis that enables managers to eliminate the greatest potential losses first.

FraudLink Kite software combines statistical analysis of tracking (uncollected funds usage pattern), cover (the degree to which use of uncollected funds are maximized), and other critical indicators to provide a comprehensive analysis of customer accounts for possible kiting fraud. A weighted average of these indicators allows the system to prioritize suspect accounts according to risk.

Endorsed by the American Bankers Association (more)

BENEFITS

• Eliminates a majority of losses due to check kiting schemes
  
• Timely detection of check-kiting activity is fundamental to stopping potential losses. FraudLink Kite is a behavior-based system that streamlines the identification and reporting of suspected kiting based on account history and daily transactions.
  
• Minimizes risk through quick, prioritized notification of suspects
  
• Reduces labor associated with other kite products
  
• Allows on-line viewing of reports for faster information delivery
  
• Improves fraud detection through image-enablement
  
• Reduces research needs by delivering critical balance, float and transaction detail
  
• Works with other kiting systems to further reduce false positives
  

For more information about this solution, download the brochure (PDF, top right). You can also contact Debbie Kyle at 407.833.4806 or complete our Information Request Form.