CTS, Financial Crimes Services join forces for fraud prevention


CTS North America, a division of CTS Electronics, a global provider of automated systems for payments, document processing, cash recycling and deposits, and Financial Crimes Services (FCS), a check fraud and accountability solutions provider, have joined forces to fight fraud.
Under the terms of the alliance, FCS’s SNARE software customers can use the ID Card Reader-equipped CTS check scanners to scan government-issued identification cards and verify their authenticity. This enables law e
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CTS North America, a division of CTS Electronics, a global provider of automated systems for payments, document processing, cash recycling and deposits, and Financial Crimes Services (FCS), a check fraud and accountability solutions provider, have joined forces to fight fraud.
Under the terms of the alliance, FCS’s SNARE software customers can use the ID Card Reader-equipped CTS check scanners to scan government-issued identification cards and verify their authenticity. This enables law enforcement agencies and financial services companies to manage their authentication and fraud prevention initiatives (including document identification, imaging and verification of ID including red flag compliance). Additionally, banks, credit unions and check cashers can leverage the integrated scanning capabilities of the CTS devices for check capture applications and teller alert communication tool.

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