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Check Fraud Detection System For Financial Institutions

IP.com Disclosure Number: IPCOM000013524D
Original Publication Date: 2001-May-01
Included in the Prior Art Database: 2003-Jun-18

Publishing Venue

IBM

Abstract

Disclosed is a system that allows for automated check and currency fraud detection. Once integrated with a check/currency sorter, it allows for outsorting of suspect items, based on fraud (logical and physical) detection techniques. The logical system is a knowledge based system and suggest outsorting of checks based on criterion, customized to accounts, criterion include: 1. Signature verification accounts. 2. High risk accounts.