COCC partners with Advanced Fraud Solutions
Dedicated to the security and safety of our Institutions COCC partners with Advanced Fraud Solutions to help provide clients with proactive tools to stop fraud in its tracks
SOUTHINGTON, CT (March 15, 2023) — As COCC seeks innovative and collaborative methods to assist in offering leading technology to financial institutions, we are proud to announce our partnership with Advanced Fraud Solutions (AFS). AFS is one of the fastest growing companies in the U.S., according to Inc. 5000, and works with financial institutions of all sizes to mitigate check fraud through their product TrueChecks®. TrueChecks® is the industry’s leading check fraud detection software that analyzes account-level historical data from thousands of contributing financial institutions to interdict fraudulent deposits before they affect your institution.
“COCC is thrilled to be collaborating with AFS in providing top tier check fraud prevention solutions to our clients while keeping their customers’ financial security a top priority,” said Karen Porter, Assistant Vice President of Item Processing for COCC. While the traditional landscape for banking continues to evolve so does the increasing level of fraud that surrounds our clients. These threats, new and old continue to develop while targeting financial institutions. Despite the diminishing number of checks being produced, the majority of institutions have reported steady or increased rates of check fraud. COCC chose to partner with AFS due to their strong client focus, collaborative approach, and commitment to outstanding service. AFS is dedicated to fighting fraud by offering proactive fraud mitigation solutions to Banks and Credit Unions of any size. AFS hosts the industry’s largest check fraud database through its’ cooperative approach to fraud prevention and data contribution. AFS solutions have been trusted by banks and credit unions to fight fraud nationwide for over 14 years.
“We are proud to partner with COCC to offer a comprehensive solution to our mutual clients to fight the battle against check fraud,” said Jordan Bothwell, VP, Strategic Partnerships at AFS. “Together we will mitigate fraudsters’ attempts to keep check fraud relevant and provide a strong defense against fraudulent activities that undermine the security of the financial industry.”
About COCC
As an industry-leading fintech provider, COCC delivers innovative, comprehensive technology solutions and strategic partnerships with an unparalleled focus on service. Offering a robust, feature-rich suite of modern, standards-based core and digital banking solutions, COCC’s cutting-edge systems are designed with intuitive user interfaces and are fortified by advanced APIs which seamlessly facilitate leading fintech integrations. Consistently ready to adopt and embrace emerging technologies, COCC remains agile and forward-thinking, meeting the demands of a rapidly evolving financial landscape where live real-time functionality matters. COCC is forever dedicated to assisting community banks and credit unions with remaining strong and competitive by providing the technology, support, and expertise needed to succeed. To learn more, visit www.cocc.com.
About Advanced Fraud Solutions
In 2007, a group of regional financial institutions in North Carolina, seeking a way to alert one another of counterfeit checks, established the premise of Advanced Fraud Solutions — a database built by contributing Banks and Credit Unions, working together to fight fraud. Today, Advanced Fraud Solutions features the industry’s largest check fraud database, and hosts industry leading check, card, and ACH fraud prevention solutions. Advanced Fraud Solutions is one of the fastest growing companies in the U.S., according to Inc. 5000, and works with financial institutions of all sizes to mitigate check, card, and ACH fraud. To learn more, visit AdvancedFraudSolutions.com.
