Best Check Fraud Software for Cloud

SEON's mission is to create a world free from financial crime by stopping fraud earlier and quicker in the customer journey. With the trust of more than 5,000 companies, SEON has reviewed billions of transactions, preventing over €160 billion in fraudulent activities. Our rapid integration, and 30 days free trial, allow businesses to try SEON with low risk and high rewards. SEON provides a comprehensive end-to-end fraud prevention solution, including Anti-Money Laundering (AML). Our unique approach combines social signals with deep digital footprinting, leveraging fully-explainable machine learning to identify emerging fraud threats. As a recipient of numerous accolades, including Sifted's Rising 100, Deloitte's Technology Fast 50, Crunchbase's Emerging Unicorn, and G2's Fastest Growing Software in 2022, SEON has raised $94 million in Series B funding as of April 2022. Operating globally from Austin, London, Budapest, and Singapore, we are committed to making the world safer.

Detect, prevent, and investigate money laundering, fraud, and compliance violations with a holistic view of risk across your organization. The Xceed AI cloud-native platform revolutionizes AML and fraud prevention for financial services organizations of any size, dramatically accelerating their cloud and digital transformations. The autonomous journey continues with X-Sight, allowing you to break the limits on data and analytics to fight FinCrime.​​ The financial services industry is changing before our eyes. Customers expect seamless experiences, fast transactions and instant access to their money. While these changes might be good for business, risk and compliance teams spend too much time sifting through alerts and information. NICE Actimize is ready to power your organization with a new way of addressing financial crime prevention: Autonomous Financial Crime Management. By merging new technologies, financial services organizations combine data, analytics and automation.

Nasdaq Verafin is a leading provider of anti-financial crime solutions that leverage consortium analytics and AI technology to detect and prevent various types of fraud. Their products cover payment fraud detection, check fraud, wire fraud, and AML (anti-money laundering) compliance. The platform integrates data from thousands of institutions and hundreds of sources across the cloud to analyze over 1.1 billion transactions each week. Nasdaq Verafin’s consortium approach enables deep insights, helping financial institutions reduce fraud losses, as demonstrated by a top 25 U.S. financial holding company that prevented $9.6 million in fraud within two months. The company also offers educational resources, webinars, and research reports to keep clients informed about evolving financial crime trends. With industry recognition such as the Chartis Risk Tech 100, Nasdaq Verafin remains a trusted leader in the fight against financial crime.

Verification made easy. Define fraud quickly and efficiently. Companies that care about their customers are looking for user-friendly ways to define fraud. IDENTANCE offers a way to check fraud by verifying users quickly and easily. From onboarding and verification to ongoing authentication, we offer a complete solution to know, verify, and trust your customers worldwide. The services we provide are available in 246 countries. You can verify the identity of your clients independently of their location. IDENTANCE supports 9000+ document types and the list is updating. Clients can use their national documents of different types. Our verification services are presented in 82 languages. Multi-Language support allows you to attract more clients all over the world. The IDENTANCE SDK is applicable to both Mobile and Web versions of sites and provides you with a complex verification solution for your business, this way you can eliminate bank fraud.

Unit21 helps protect businesses against adversaries through a simple API and dashboard for detecting and managing money laundering, fraud, and other sophisticated risks across multiple industries. Unit21 is a product-led organization with over two-thirds of the company in product and engineering. We are a customer-obsessed team committed to empowering our customers with the highest quality tool in the market. Unit21 has monitored over $100B+ in transactions and counting. We have protected our customers against hundreds of millions of dollars of fraud loss and money laundering. Customers are able to immediately see a magnitude decrease in false positive rates. Our customers have more bandwidth to focus on what matters. Our customers have been able to protect over 20M users from fraudulent activity. We help our customers enhance their end-user experience and build brand trust. Transaction monitoring & case management made simple.

Maximize your fraud coverage and minimize losses with an Integrated AI solution that combines rules and ensemble of machine learning approaches to increase detection without adding friction. Leverage automated investigation tools capable of powerful analytics and visualizations, enabling instant decisions and action. Ensure transparency and compliance with one-click reporting. Grow your business and launch new products safely with a flexible, open platform that supports expansion across multiple business units and multiple use cases. A robust solution suite designed to be cloud-first, DataVisor platform is engineered to process massive amounts of digital data in real time to enhance detection accuracy and enable rapid response to emerging fraud attacks in a single, multi-tenant enterprise deployment.

Seamless Chex is a comprehensive payment processing platform designed to enable businesses to accept and verify checks, ACH payments, and credit cards online or in person. It offers instant setup and approval for all legal U.S. businesses, facilitating fast next-day funding. With Seamless Chex, customers can make payments online or over the phone, eliminating the need for physical checks and reducing processing time. It supports multiple payment methods, including eCheck processing, ACH processing, and credit card processing, all within a single interface. Seamless Chex provides tools such as virtual terminals, hosted payment pages, bulk upload via CSV, and API integrations to accommodate various business needs. Advanced verification tools validate customer funds and account validity in real-time, helping to prevent check fraud and reduce the risk of non-sufficient funds fees.

OrboAnywhere is an AI-driven, deep-learning check processing platform that modernizes legacy payment workflows by unifying high-accuracy recognition, validation, compliance, and fraud detection into a single, service architecture. At its core, Anywhere Recognition powered by OrbNet AI uses field detection (object detection), text classification and interpretation models to deliver 99%+ read rates and 99.5%+ accuracy on CAR/LAR/OCR/ICR fields; Anywhere Validate automates payment negotiability testing to flag misencoded or non-negotiable items; Anywhere Compliance continuously checks payor and payee data against OFAC, BSA/AML, UCC, Reg. CC and KYC requirements, and Anywhere Fraud leverages image-forensics AI to detect counterfeit, forged, and altered checks. Designed for omnichannel integration, OrboAnywhere supports teller capture, remote deposit capture (RDC and MRDC), branch image processing, ATM deposits, lockbox, and retail remittances, enabling straight-through processing.

TrueChecks is a consortium-powered, real-time check fraud detection solution that intercepts fraudulent deposits at the moment of presentment by scanning each item against the industry’s largest cooperative database, which contains account- and item-level records from thousands of financial institutions spanning over 15 years. It supports seamless integration via a secure web portal or RESTful APIs that plug into existing image-capture systems, core processors (including FIS, Jack Henry, and Fiserv), or mobile and ATM channels, enabling omnichannel protection. TrueChecks applies advanced field-detection, text-classification, and interpretation models to identify counterfeit, duplicate, non-sufficient-funds (NSF), closed-account, and altered checks, delivering instantaneous alerts to tellers and back-office teams. Its cloud-native architecture provides high scalability with minimal infrastructure.

VALID Systems delivers a unified, AI-driven risk management and fraud prevention platform tailored for financial institutions, comprising three core modules to address the full spectrum of modern threats. The Transactions module employs machine-learning and rules-based engines to detect check fraud, remote deposit capture risks, account takeovers, and digital-channel threats in real time, leveraging consortium-aggregated data for enhanced accuracy and sub-second decisioning. The Liquidity & Lending module automates credit decisioning and overdraft risk management, using behavioral analytics and dynamic underwriting models to optimize small-dollar loans and lines of credit while balancing customer experience and loss prevention. The Data Intelligence module continuously monitors model performance and data drift, provides explainability and AI-bias detection, and ensures regulatory compliance through intuitive dashboards.