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Anywhere Validate

Replace IQA, streamline deposit review, and mitigate risk by validating payment negotiability.

Anywhere Validate

Anywhere Validate automatically validates the negotiability of paper-originated items for any self-service, centralized or distributed capture channel or image exchange trading partner within the omnichannel of a financial institution. Designed to minimize the risk of checks and cash equivalent images from being non-negotiable, the system is a more comprehensive approach compared to traditional image quality, image usability, and/or manual review processes.

Anywhere Validate applies OrbNet AI recognition to the amount, payer, and date fields. Additional tests include IQA, Amount Verification, signature presence and restrictive endorsement classification.

Business Check Validate

From these recognition field results, 20+ validation tests are activated to protect all potential parties within the payment stream including: bank of first deposit (BOFD), paying bank, retail customer, corporate client. Note:  See how Payor and Payee field validations work under Anywhere Payee.

Each validation test, activated in either real-time or batch, creates a score which complement the overall analysis approach from big data/analytics/capture/fraud systems, streamlining traditional deposit review functions.

Consortium Connector #1

As part of the OrboAnywhere Sherlock 5.3 release, Anywhere Validate activates the Consortium Connector #1 to retrieve account and item level data in real-time from Advanced Fraud Solutions TrueChecks® -- to obtaining indicators of counterfeit, non-sufficient funds (NSF), closed accounts, duplicates, and other fraud history-related activity. Individual analyzers, as well as total risk scores, are generated by Anywhere Validate and returned to the fraud review platform for approval, holding of funds, or rejection of deposit based on Reg CC guidelines.

By leveraging consortium data, financial institutions can tap into billions of transactional data points from thousands of financial institutions. This enables banks to detect a variety of key indicators of check deposit fraud. OrboGraph provides a unique value proposition in this area, by optimizing a cost-effective deployment, while blending the benefits of image forensics and transaction analysis with consortium data.

Current Tests Performed by Anywhere Validate:

 Field/Type    Name Use Cases and Tangible Achievements
 Payor Account Name Validation Free read, verify fields, kiting, risk per channel, feed downstream data analysis, marketing campaigns targeting payors from transit banks
 Payor Negative List Identify payors/makers from predetermined lists, i.e. black list, closed accounts, fraud, other
 Depositor Check Out of State Identify payors from outside of state which may pose risk, international items, feed downstream data analysis
 Depositor Check Out of State Identify payors from outside of state which may pose risk, international items, feed downstream data analysis
 Payor Deposit Out of State Flag if the state of the account holder address is different from the state of the deposit address, risk indicator, risk mitigation of suspect customers, KYC
 Amount High Dollar Detection Risk management for manual review, internal controls, SAR, can use index from balanced file
 Amount Verification (CAR, LAR, Index compare) UDAAP & Reg CC risk mitigation, minimize customer errors, limit cash letter errors, reduce adjustments
 Amount Discrepancy (CAR vs. LAR) Identify customer errors, limit operational errors, ensure LAR precedence
 Amount Not to Exceed Flag if amount exceeds the allowed amount
 Document Image Quality Assurance (IQA) IQA tests minimize non-compliant images (NCI) and identifies quality issues
 Signature Presence Detection Reg CC, UCC and ECCHO rule compliance to confirm signature is on image
 Endorsement Presence Detection Identifies that a signature is present on image
 MICR Image Integrity Compares the MICR line via recognition to the index/metadata values to identify incorrect images associated with MICR
 Endorsement Virtual Endorsement Filtering Selective abilities to filter virtual endorsement out to identify if originating endorsement was present
 Document Illegal Document Identification Identifies RCC/PAD items per ECCHO rules, validates approved document types as defined in bank customer relationships on a workflow level, i.e. RDC, ATM
 Date Stale and Post Date Risk and fraud related topic, UCC related topic, date ranges are flexible per workflow
 Transaction Account Negative List Flag if the payer account (MICR) on the check matches information in a negative account list
 Transaction New Account Identification Identified via application API, fraud and risk control, funds availability considerations, manual review queues
 Transaction Short Term Duplicate Flags immediate duplicates where customer or application submits images more than once
 Transaction Cash Equivalent Detects items considered same day or day 1 funds availability, See Anywhere Compliance for more details.

Amount Verification, previously known in the industry as amount encode verification (AEV), and CAR/LAR Discrepancy, now deliver 99%+ coverage of items with the utilization of OrbNet AI. Incorrect amounts can range from 10-50 per 100K items.

Contact OrboGraph for to perform an analysis on the number of incorrect amounts that exist in your inclearing items!

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Anywhere Validate Brochure

Consortium Connector #1 Brochure