Managing transaction risk is just as important as managing account risk. DepositShield, part of the Account & Transaction Management suite of FIS Decision Solutions, helps financial institutions to prevent fraud related to check deposits and payroll check cashing.

Deposit fraud costs the financial services industry billions of dollars each year. This type of fraud strikes both new and existing accounts – hindering a financial institution’s ability to provide its customers with fast access to their money, which negatively impacts customer satisfaction levels.

DepositShield, has a proven track record as a successful deterrent to deposit fraud, currently verifying and guaranteeing funds for billions of dollars in personal, payroll and government deposits annually.

FIS applies advanced authentication procedures and predictive analytics to proprietary and shared databases, including the check-writing and checkcashing histories of 180 million U.S. consumers and businesses, to accurately assess fraud risk for every deposit. This service gives you peace of mind and enables you to grant funds-availability for your good customers safely and more quickly.

Combating Fraud

FIS’ DepositShield solution solves these problems by providing the tools and delivering the efficiencies your financial institution needs to mitigate fraud. DepositShield will significantly reduce your deposit-fraud losses by accurately identifying transactions that represent the highest risk to your financial institution while impacting a minimal number of customers in the process.

Implementation Options

FIS provides a solution that is easy to understand and implement without adversely affect any of your current processes. The implementation options for DepositShield include: batch processing through FIS’ item processing centers, Commercial Capture Express and direct integration with your financial institution.