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Tuesday, October 11, 2011
(Bluepoint Solutions / Bluepoint Solutions)
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CHICAGO-(BUSINESS WIRE)-Bluepoint Solutions, a 2010 CUNA Tech Council “Best of Show” winner, Microsoft Gold Certified Partner and provider of remote deposit capture, item processing and enterprise content management solutions for financial institutions, announced today during the BAI Retail Delivery 2011 tradeshow and expo the launch of its fraud detection suite, available in real-time and batch modules, designed to detect and flag potentially fraudulent check deposits.
“Check fraud continues to be the single, most expensive and fastest-growing source of fraud loss facing financial institutions”
.The real-time module is integrated with Bluepoint’s Check 21 teller capture application, ImagePoint Teller, and alerts tellers at the point-of-presentment to any suspicious check deposit. The batch module is integrated with Bluepoint’s branch capture application, ImagePoint Branch, to generate reports throughout the day flagging items being returned prior to an item being returned in the incoming cash letter. Once a check is flagged as having a reasonable doubt of collectability, the institution can place an extended Reg CC hold on that deposited item, effectively protecting the Bank of First Deposit and the depositor against a check loss. Notifications are used to protect both the financial institution and the account holder from losses on bad checks.
Both Bluepoint’s teller and batch capture fraud detection engines are available immediately.
About Bluepoint Solutions
Vista, Calif.-based Bluepoint Solutions is a leading innovator in remote deposit capture (RDC), image-based item processing, enterprise content management and receipt management. Adhering to strict best practice standards, Bluepoint delivers proven technology solutions and consulting services designed to achieve the strategic goals of increased employee productivity, reduced operating costs, and improved customer service. Bluepoint’s family of products and services offer a complete, end-to-end, image-based item capture and payment processing solution. For more information, visit www.bluepointsolutions.com.
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