AIB to fight cheque fraud with Carreker
22 November 2002 | 3716 views | 0
Allied Irish Banks has selected Carreker's FraudLink solutions to detect and prevent fraudulent cheque activity.
The package uses cheque-writing and deposit behavior analytics to identify potentially fraudulent cheque transactions, highlighting suspect items for further investigation.
Edel McDermott, group fraud manager at Allied Irish Banks, comments: "Carreker's FraudLink allows us to deter cheque fraud by quickly and consistently identifying suspect items."
Denny Carreker, chairman and CEO of Carreker Corporation, adds that AIB is the third Irish bank to sign up for FraudLink, and that the package now scrutinises three quarters of all cheques processed in the Republic.