Commerce Bank Installs ImageVision Fraud Detection Suite
Commerce Bank has implemented Advanced Financial Solutions’ (AFS) ImageVision Fraud Detection software applications across the bank’s 220+ branch locations. Check fraud is among the fastest-growing problems affecting financial institutions with check fraud attempts at US banks almost doubling to $4.3 billion annually, according to the latest American Bankers Association Deposit Account Fraud Survey. With the rising incidence of identify theft and high-tech forgery, a significant portion of the overall loss occurs in personal accounts. AFS ImageVision Fraud Detection software applications protect financial institutions and their customers with the technology tools and information needed to stop most check frauds before they become losses, according to the AFS.