FraudXchange

Dark Web Fraud Intelligence for Banks and Credit Unions

Identify compromised checks and cards earlier with proactive fraud intelligence designed to help your institution act before fraud becomes loss.

Dark Web Fraud Intelligence

Identify Fraud Risk Before the Transaction

Stolen checks and compromised card information can surface online before a fraudulent transaction ever reaches your institution. FraudXchange provides banks and credit unions with dark web fraud intelligence designed to identify exposed checks and cards earlier, giving fraud teams more time to investigate, protect affected accounts and prepare for potential fraud attempts.

FraudXchange also combines proactive fraud intelligence with centralized fraud case management, helping institutions move from initial exposure identification through investigation and documentation in one workflow.

Fraud Investigation

Fraud Investigation and Case Management

FraudXchange supports fraud operations with centralized case management, helping teams document investigations, organize case details and maintain consistent records for internal review.

Suspects Tracking

Keep detailed records of all suspects involved.

Impacted Financial Institutions

Document all financial institutions affected by fraud.

Unlimited Storage

Upload all relevant documents without storage limits.

Exposure Documentation

Record the potential exposure amount for your institution.

Total Loss Documentation

Document the total financial loss incurred by the institution.

Case Timeline and Progress

Track and document each case's timeline and progress.

How It Works

Advanced Fraud Detection and Case Management

Stolen Check Detection

FraudXchange can be easily incorporated into inclearing processing to prescreen cash letters for potential forged or altered checks.

Fraud Tools

• Search for Business Scams through Scam Tracker

• Verify a broker

• File an elder fraud compliant or business email compromise compliant with the FBI

Fraud Training

Empower your team with the knowledge and skills to recognize and combat fraud effectively. Our training platform equips your staff with the latest tools and techniques.

Fraud Alert System

React promptly to potential threats with our instant fraud alert system, ensuring you stay one step ahead of fraudsters.

Combat Multiple Scams

Our platform is equipped to halt multiple fraudulent transactions linked to the same scam, preventing further financial losses and strengthening your institution's defenses

Treasury Check Verification System (TCVS) API

• FraudXchange now integrates directly with TCVS via API, providing check status and payee name details—crucial information when handling Treasury checks.

• Unlike manual verification, our automated API retrieves comprehensive check details instantly, reducing fraud risk and streamlining check processing.

• Unlimited users: We recommend setting up your tellers, new accounts team, and fraud prevention specialists as users for seamless operations.

What Dark Web Check Fraud Looks Like in the Real World

FraudXchange Dark Web Check Intelligence: Current Customer Data

FraudXchange gives financial institutions visibility into exposed check activity surfaced across the current customer dataset.

Current Customer Snapshot

$22.8M+ — Exposed check value identified.
Nearly 9 in 10 — Customer institutions had exposure identified.
40%+ — Had more than $100K in exposed check value identified.
6 institutions — Had more than $1M in exposed check value identified.

Why It Matters

Approximately $78K median institution exposure
Approximately $16.6K average exposed check amount
Approximately 1,370 exposed check items

Source and context: FraudXchange customer dataset of 58 institutions. Exposed check value reflects check value surfaced in FraudXchange and should not be interpreted as confirmed fraud, actual loss, or guaranteed prevented loss.

Request a FraudXchange Demo

CardGuard

Dark Web Card Monitoring with CardGuard

CardGuard is included with FraudXchange and monitors for compromised debit and credit card information associated with your financial institution's BINs. Searchable card intelligence can help fraud teams investigate potential exposure and respond with greater awareness.

From Early Warning to Transaction-Level Fraud Detection

FraudXchange and FraudSentry help institutions build a layered approach to check fraud prevention. FraudXchange provides proactive intelligence around potential exposure. FraudSentry helps analyze check images and detect suspicious items as they enter processing.

Learn more about check fraud detection and image analysis.

Frequently Asked Questions About Dark Web Fraud Intelligence

What is dark web fraud intelligence?

Dark web fraud intelligence involves identifying compromised financial information or fraud-related activity surfaced from online sources associated with illicit trading or exposure. It can give financial institutions earlier visibility into potential risk.

How can banks detect stolen checks on the dark web?

FraudXchange provides intelligence into compromised check activity found through its approved dark-web monitoring capabilities, helping fraud teams search and investigate potential exposure.

Can a bank identify a compromised check before it is deposited?

When an exposed item has been identified, compromised-check intelligence can provide an earlier signal. It does not mean every compromised check will be detected before presentment.

How does FraudXchange help financial institutions address check fraud?

FraudXchange combines proactive fraud intelligence, investigation support and centralized case management. Where supported in current processing, compromised-check intelligence can also inform inclearing check prescreening.

Does FraudXchange monitor compromised debit and credit cards?

Yes. CardGuard is included with FraudXchange and monitors for compromised debit and credit card information associated with a financial institution's BINs.

How is FraudXchange different from transaction-level check fraud detection?

FraudXchange focuses on earlier intelligence and exposure identification. Transaction-level technologies such as FraudSentry analyze suspicious check items when they enter processing, extending detection across more of the fraud lifecycle.