Q2 Holdings, Inc. (NYSE: QTWO), a leader in digital transformation solutions for financial services, has announced the successful launch of Enhanced Payee Match, an AI-enhanced feature of the Centrix Exact/Transaction Management System (ETMS) for Positive Pay. Since its introduction in June 2024, this innovative tool utilizes machine learning to improve check fraud detection, yielding remarkable results. Financial institutions using Enhanced Payee Match reported detecting three times more suspected fraud compared to those without the feature. Gulf Coast Bank highlighted Enhanced Payee Match’s efficacy, emphasizing its role in protecting customers. The tool employs advanced capabilities for both typed and handwritten checks, enhancing fraud detection processes and streamlining transaction reviews. With its adaptive machine learning model, Enhanced Payee Match evolves over time, allowing institutions to stay ahead of increasingly sophisticated fraud tactics. Available to all financial institutions, Enhanced Payee Match reinforces Q2’s commitment to customer protection and modern fraud management. For more information, explore Enhanced Payee Match and Centrix ETMS.
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