Bank of Ireland is to implement Carreker Corporation's FraudLink fraud detection software to monitor all cheque transactions within the bank's operations.
Carreker's FraudLink solution analyses cheque-writing and deposit behavior to identify potentially counterfeit or fraudulent cheques at teller stations, in the back office and among deposited items.
Des Crowley, Bank of Ireland's chief executive of retail banking and distribution, says: "We chose Carreker's FraudLink because it impacts on the two key areas of fraud protection - the fraud it deters by flagging the right items and the cost it reduces by allocating our resources strictly to suspect situations."