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Advanced Fraud Solutions Announces New Positive Pay Solution to Help Financial Institutions Fight Vendor FraudHIGH POINT, N.C., Feb. 23, 2021 /PRNewswire/ -- Advanced Fraud Solutions (AFS), a leading provider of deposit fraud detection software, today announced the launch of AFS Positive Pay – a positive pay solution designed so that financial institutions, and their enterprise customers, can proactively monitor changes in payments information. AFS Positive Pay allows financial institutions to monitor SMB payments and receive real-time notifications when payment information – including routing numbers, account information, amounts or other details – are at odds with the normal run of business. "Small to medium-sized businesses have a lot of payment relationships to maintain – it's why they are so often targeted by fraud operators," said Lawrence Reaves, President and CEO at AFS. "For a business to keep up with the exhaustive details related to vendor, landlord, staff and other payments, requires constant attention. AFS Positive Pay protects and streamlines these day-to-day transactions by creating a contribution and alert system, so that suspicious activity – like a fraudulent actor trying to misdirect funds – is flgged before a payment is disbursed." AFS Positive Pay is easy to use and items can be processed on-demand or in batch. Here's how it works:
AFS Positive Pay is the latest deposit fraud prevention solution in AFS' decade-long commitment to fighting fraud. It was developed out of a need in the market for financial institutions to protect, maintain and attract commercial business customers. To learn more about AFS Positive Pay, or to schedule a demo, click here. About Advanced Fraud Solutions View original content to download multimedia:http://www.prnewswire.com/news-releases/advanced-fraud-solutions-announces-new-positive-pay-solution-to-help-financial-institutions-fight-vendor-fraud-301233186.html SOURCE Advanced Fraud Solutions |