FraudXchange Stolen Check Database Tops $3.28 Billion, Covering 3,500+ Financial Institutions Across All 50 States

23 percent jump in stolen‑check face value and 31 percent increase in records highlight accelerating fraud trend during the first half of 2025

Birmingham, Ala. — July 1, 2025 — Finovifi, an innovator in AI‑powered fraud detection and compliance automation, today released mid‑year figures for its flagship FraudXchange stolen‑check intelligence platform. The data reveals that fraudsters continue to monetize paper instruments at an unprecedented pace—and that community financial institutions nationwide are turning to FraudXchange for early warning and rapid response.

1H 2025 FraudXchange Highlights

• $3.28 billion in cumulative stolen‑check face value, up 23 percent since January 1 (Jan 2025: $2.66 B)
• 249,563 stolen checks catalogued, a 31 percent increase year‑to‑date
• 3,546 affected financial institutions in all 50 U.S. states, up 18 percent from January
• 90,459 unique payors (+37 percent) and 71,695 unique payees (+32 percent)
• Average stolen‑check amount fell 6 percent to $13,150, signaling broader, small‑dollar exposure alongside high‑value items

"With more than a quarter‑million stolen checks totaling $3.28 billion catalogued, FraudXchange gives community financial institutions visibility into emerging threats,” said David Brasfield, CEO of Finovifi “Integrating these insights into daily workflows helps banks and credit unions to shield customers from losses and take action to prevent future 

How FraudXchange Works

FraudXchange couples advanced dark‑web intelligence with purpose‑built case management so community institutions can detect, prevent, and mitigate fraud in one place:

• Advanced dark‑web monitoring. Continuous surveillance of underground marketplaces captures stolen checks, routing and account numbers, card BINs, and personally identifiable information linked to your customers.
• Treasury Check Verification System (TCVS). Automated payee and status verification for U.S. Treasury checks—no manual look‑ups required.
• Centralized fraud case management. Unlimited storage for evidence, suspect and impacted‑institution tracking, exposure and loss documentation, and examiner‑ready reports on demand.
• Instant fraud alerts & training resources. Configurable alerts and a built‑in training platform keep frontline staff a step ahead of emerging scams.

Optional modules extend protection even further:

• CardGuard monitors the dark web for compromised debit and credit cards tied to your institution’s BINs and delivers actionable card‑level alerts.
• SilverSafe focuses on elder‑fraud prevention, flagging any exposure of senior account holders’ personal or financial data and driving regulatory‑grade response workflows.

By transforming raw threat intelligence into consumable alerts and automated workflows, FraudXchange helps community banks protect customers, reduce losses, and maintain examiner confidence.

About Finovifi

Finovifi delivers modern core processing, fraud prevention, and compliance automation solutions that empower community‑focused financial institutions to compete — and win — in a digital era. Headquartered in Birmingham, Alabama, Finovifi combines advanced AI with decades of banking expertise to streamline operations, reduce risk, and unlock new revenue streams. Discover more at finovifi.com.