Strengthening Financial Security: Advanced Fraud Solutions and ARGO Unite Against Rising Check Fraud
HIGH POINT, N.C., Oct. 30, 2023 /PRNewswire/ -- Advanced Fraud Solutions (AFS), a leading provider of real-time deposit fraud detection solutions, is thrilled to announce its strategic partnership with ARGO, an industry leader in technology solutions for the financial services and healthcare sectors.
- HIGH POINT, N.C., Oct. 30, 2023 /PRNewswire/ -- Advanced Fraud Solutions (AFS), a leading provider of real-time deposit fraud detection solutions, is thrilled to announce its strategic partnership with ARGO, an industry leader in technology solutions for the financial services and healthcare sectors.
- The collaboration will integrate AFS' TrueChecks®, the industry's premier check fraud database, into ARGO's OASIS™ (Optimized Assessment of Suspicious Items) Fraud Prevention Suite.
- The urgency of this partnership is underscored by recent alarming statistics about the prevalence of check fraud.
- According to data from the Financial Crimes Enforcement Network (FCEN), a unit of the U.S. Treasury Department, check fraud has tripled since pre-pandemic levels.