Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

In banking, the term “front counter” generally refers to activities performed by staff while the customer or member is present. Tellers are responsible for numerous front-counter duties, including processing account holders’ deposits.

Payment Processing & the Front Counter

When discussing the topic of payment processing, front counter can also describe a specific type of technology for enabling teller capture. Front-counter applications sit between financial institutions’ teller systems and scanning devices to help tellers efficiently complete payment-related tasks. Front-counter systems provide features that:

  • Synchronize the teller system and connected scanning devices
  • Make it easy to use the teller system to “wake” connected scanners
  • Communicate scan job information to the teller system
  • Move check image and data to the next stage in the payment workflow

Front-Counter Solutions

Some financial institutions rely on their core banking provider for teller software and front-counter technology. Being able to manage fewer vendors is one obvious advantage of this approach. However, opting for core-provided solutions makes the institution increasingly dependent on a single tech vendor.

Other banks and credit unions prefer to look beyond their core’s native offering, thereby unlocking additional opportunities for innovation. For example, connecting Alogent’s Unify to a third-party teller system is one option for streamlining branch and teller capture. In addition to serving as an interface between a financial institution’s teller system and scanners, Unify also delivers a single API that can be used across Day 1 and Day 2 channels.

Access Additional Payments Resources

Visit Alogent’s Innovation Hub to browse multiple industry papers about payments. Watch on-demand videos, read our blog, and view other helpful resources from Alogent.

Explore more resources

Alogent Shield+ Datasheet

Check fraud poses a significant challenge for financial institutions, leading to substantial costs and risks for account holders. As fraud tactics continue to evolve, banks and credit unions must be proactive in protecting their assets and maintaining account...
Read More »

Alogent Shield Datasheet

As check fraud becomes increasingly complex and costly for financial institutions, finding a universal solution is more challenging than ever. With rising threats across all deposit channels, no institution is safe—just one successful attack can lead to...
Read More »

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