“What is most impressive about BAM is the information we were able to obtain – information that we didn’t even know about before. BAM aggregates all of the data within our core for teller transactions, ACH and wires. Now we can see every dollar that’s going in and out of our bank.”
-D'dee Sharp Senior Vice President and Cashier
Lea County State Bank
Check kiters think they are clever enough to beat the system. Now you can use the system against them with Kite Manager™ from Banker’s Toolbox.™ This affordable solution simplifies the identification of suspects and provides quick online review tools without cumbersome paper reports.
Identification of Check Kiting suspect activity, quickly and accurately.
Graphical display of the usage of uncollected funds over a select period, simplifying the identification of kiting suspects
Reviews suspects online and can eliminate paper reports; maintains transaction history for each account
Customizable parameter settings for customer specific concerns
Kite Manager™ is designed to be utilized over any desired review period
Kite Manager™ uses an advanced rules based filtering engine, with user-defined parameters
Complete Audit Log of exceptions in Data Collection Process to insure accurate importation of data
Ability to log research comments for future reference or for printing
Ability to exempt certain accounts from appearing on the report
Check kiting activity costs the financial industry millions each year. Check kiting involves individuals floating worthless checks between accounts established at two or more institutions. The underlying premise of check kiting is the customer’s ability to gain access to deposited funds before they are collected.
To minimize the risk of check kiting, there are several internal controls that institutions can use to identify suspicious activity. One of these is to implement an online analysis system that can identify potential check kiting suspects and suspect transactions.
Contact Us Today
Having a check kiting solution in place frees you to focus on serving legitimate customers. When you partner with Banker’s Toolbox,™ you can be assured of proven performance and top customer support. Contact us today to see how easily Kite Manager™ can be integrated into your existing core processing system.
Guadalupe National Bank's Success Story
