Valid Systems' Innovation Lab is thrilled to announce a recent patent awarded for our groundbreaking Accelerated Instant Check Payment and Real-time Loss Alerts technology
The Californer/10276692

SAN FRANCISCO, April 15, 2024 ~ In a recent press release, Valid Systems' Innovation Lab proudly announced a major achievement in their pursuit of secure and efficient financial solutions. The company has been granted a patent for their groundbreaking Accelerated Instant Check Payment and Real-time Loss Alerts technology, solidifying their commitment to pushing the boundaries in today's ever-changing financial landscape.

This milestone is the result of extensive research and development efforts by Valid Systems. The innovative machine learning technology allows consumers to access funds retroactively, providing immediate access and retrieval of funds. This not only improves the overall customer experience but also enables financial institutions to capitalize on revenue opportunities through faster transactions.

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With the emergence of faster payment options, financial institutions have shifted their focus and investments away from traditional check fraud prevention measures. However, this has created a gap that opportunistic fraudsters have taken advantage of, resulting in a concerning increase in check fraud nationwide.

Valid System's dedication to product innovation is reshaping the financial landscape with cutting-edge solutions that combine expertise with technology. This latest patent is the 10th grant awarded in this space, showcasing Valid's unwavering commitment to continual innovation in the financial sector, specifically in fraud detection using AI and Machine Learning.

As Valid Systems continues to pioneer advancements that shape the future of finance, they remain dedicated to delivering solutions that exceed the evolving needs of their clients and the industry as a whole. For more information on Valid Systems' innovative technologies and services, please contact Donna Cichani.

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