Latest news with #AFS
Time of India
08-06-2025
- Politics
- Time of India
For the record: Name change plaint reaches Lokayukta
Karnataka Lokayukta Bruhat Bengaluru Mahanagara Palike land khata certificate I waited over two years; officials did nothing despite verbal assurances, forcing me to approach the Lokayukta for action –Dhananjaya Padmanabhachar A complaint has been registered withagainst the then(BBMP) Chief Commissioner Tushar Girinath for dereliction of duty. The Lokayukta registered the complaint against the BBMP Commissioner on complaint was filed by Dhananjaya Padmanabhachar, a resident of Sobha Arena Apartment in Judicial Layout, Thalaghattapura. He alleged that despite purchasing a flat in VS Cozy Apartment and executing the sale deed on August 29, 2009, the land records still reflect the name of the previous landowner. The sale deed granted him ownership of 345 sq ft, but even after 15 years, his name has not been entered in the land to Dhananjaya, he applied for theand khata extract from BBMP on March 16, 2023. The documents he received did not reflect his following day, on March 17, 2023, he submitted a complaint to the BBMP Commissioner, requesting a probe and corrective action. However, he claimed no action was taken despite repeated follow-ups.'I have waited for over two years, visiting the BBMP head office multiple times,' said Dhananjaya. 'The officials kept making verbal assurances but did nothing. This forced me to approach the Lokayukta.'In his formal complaint, Dhananjaya alleged not just negligence but also corruption. He argued that the failure to update the land khata to reflect individual flat owners' names deprived them of their legal land rights. Dhananjaya, who is also the Sanchalak of the Karnataka Home Buyers' Forum, said the issue is widespread and reflects systemic apathy towards apartment the need to include flat owners' names in land records, Naval veteran Commander Surendra said the BBMP must take proactive measures. 'Authorities have a duty to update records in accordance with ownership,' he said. 'This is not merely a procedural formality it directly impacts legal rights.'Adding a broader perspective to the issue, Ameya Usgaonkar, another apartment owner, highlighted flaws in the registration process. He explained that ownership typically begins with the sale of the undivided interest (UDI) in the project land. This is recorded through the registration of the Agreement for Sale (AFS), which is the first legal step and includes project details, timelines, and builder commitments.'The sale deed comes later and confirms the apartment transfer,' he said. 'If the AFS isn't registered, there's no legal provision under the Registration Act to reflect UDI in the final sale deed.'He pointed out that many builders bypass the AFS registration, retaining ownership of the land in official records. 'This loophole enables builders to maintain control and delays proper transfer of ownership to buyers,' he said. 'I believe the BBMP should coordinate with the Inspector General of Registration (IGR) to enforce AFS checks before granting Occupancy Certificates (OCs). If AFS isn't in place, subsequent apartment sales should not be permitted.'The Lokayukta is expected to investigate the matter and determine whether administrative failure or deliberate oversight is at play. For now, the complaint reflects growing frustration among Bengaluru's apartment owners who feel stranded in legal limbo despite following due process.
CTV News
07-06-2025
- Automotive
- CTV News
Double the Love: Ride for Dad
It's time once again to double the love. Donate to the Adult Fun Superstore's charitable campaign and AFS will match your donation, supporting Ottawa's Motorcycle Ride for Dad
Finextra
04-06-2025
- Business
- Finextra
Tyfone and AFS join forces to combat fraud
Digital banking solutions provider Tyfone today announced it has partnered with Advanced Fraud Solutions (AFS), a trusted leader in fraud prevention solutions, to offer a user-friendly, proactive check and ACH fraud prevention solution for commercial accounts. 0 Despite rising check fraud, 65% of banks say fewer than half of treasury clients use Positive Pay solutions. The integration of AFS's Positive Pay solution with Tyfone's nFinia® Digital Banking Solution provides commercial clients enhanced security, customizable transaction rules and AI-driven analysis. 'Protecting business clients is a key priority for financial institutions. However, Positive Pay adoption remains low, despite rising check fraud,' said Jordan Bothwell, Chief Partnership Officer at AFS. 'Together with Tyfone, we are providing banks and credit unions with a more secure, advanced digital banking solution, that prevents fraud, while still maintaining a frictionless experience.' nFinia is an innovative, configurable platform designed to meet the evolving needs of both retail and commercial banking customers. AFS's Positive Pay helps institutions secure cash flow while preventing fraud. The integrated solution empowers financial institutions to deliver a personalized, feature-rich commercial banking experience, while enhancing security. 'Protecting clients from financial threats means protecting your reputation, your customers and your future,' said Jared Kopelman, Director of Strategic Partnerships at Tyfone. 'Financial institutions can't afford to be reactive to fraud - they need to take a proactive and strategic approach when combatting bad actors. By partnering with AFS, we're equipping our clients with powerful fraud prevention tools that ensure commercial clients can trust their institutions to safeguard their finances.'
Yahoo
04-06-2025
- Business
- Yahoo
Tyfone, AFS Partner to Deliver Fraud Detection Software
~ Integrated Positive Pay solution combats check and ACH fraud for commercial clients~ PORTLAND, Ore., June 04, 2025--(BUSINESS WIRE)--Digital banking solutions provider Tyfone today announced it has partnered with Advanced Fraud Solutions (AFS), a trusted leader in fraud prevention solutions, to offer a user-friendly, proactive check and ACH fraud prevention solution for commercial accounts. Despite rising check fraud, 65% of banks say fewer than half of treasury clients use Positive Pay solutions. The integration of AFS's Positive Pay solution with Tyfone's nFinia® Digital Banking Solution provides commercial clients enhanced security, customizable transaction rules and AI-driven analysis. "Protecting business clients is a key priority for financial institutions. However, Positive Pay adoption remains low, despite rising check fraud," said Jordan Bothwell, Chief Partnership Officer at AFS. "Together with Tyfone, we are providing banks and credit unions with a more secure, advanced digital banking solution, that prevents fraud, while still maintaining a frictionless experience." nFinia is an innovative, configurable platform designed to meet the evolving needs of both retail and commercial banking customers. AFS's Positive Pay helps institutions secure cash flow while preventing fraud. The integrated solution empowers financial institutions to deliver a personalized, feature-rich commercial banking experience, while enhancing security. "Protecting clients from financial threats means protecting your reputation, your customers and your future," said Jared Kopelman, Director of Strategic Partnerships at Tyfone. "Financial institutions can't afford to be reactive to fraud – they need to take a proactive and strategic approach when combatting bad actors. By partnering with AFS, we're equipping our clients with powerful fraud prevention tools that ensure commercial clients can trust their institutions to safeguard their finances." About Advanced Fraud Solutions Since 2007, Advanced Fraud Solutions has been the trusted leader in fraud prevention software, offering innovative tools to protect financial institutions and their clients from fraud. With a focus on detecting and preventing check, ACH, and wire fraud, AFS is relied on by over 1,000 institutions nationwide. For more information, visit About Tyfone Inc. Based in Portland, Ore., Tyfone is a leading provider of consumer and commercial digital banking services for community financial institutions throughout the U.S. We understand that an elegant, engaging, intuitive user experience is the minimum requirement for any digital banking provider. What differentiates Tyfone is our unwavering commitment to continuous innovation, exceptional collaboration, and superior execution. We consider each customer a true partner and place the highest value on every relationship. To learn more about Tyfone, visit and connect on LinkedIn. View source version on Contacts MEDIA CONTACTS: Laura Lenz // Anna Stanleylaura@ // anna@ 678.781.7226 // 251.517.7857
Yahoo
04-06-2025
- Business
- Yahoo
Tyfone, AFS Partner to Deliver Fraud Detection Software
~ Integrated Positive Pay solution combats check and ACH fraud for commercial clients~ PORTLAND, Ore., June 04, 2025--(BUSINESS WIRE)--Digital banking solutions provider Tyfone today announced it has partnered with Advanced Fraud Solutions (AFS), a trusted leader in fraud prevention solutions, to offer a user-friendly, proactive check and ACH fraud prevention solution for commercial accounts. Despite rising check fraud, 65% of banks say fewer than half of treasury clients use Positive Pay solutions. The integration of AFS's Positive Pay solution with Tyfone's nFinia® Digital Banking Solution provides commercial clients enhanced security, customizable transaction rules and AI-driven analysis. "Protecting business clients is a key priority for financial institutions. However, Positive Pay adoption remains low, despite rising check fraud," said Jordan Bothwell, Chief Partnership Officer at AFS. "Together with Tyfone, we are providing banks and credit unions with a more secure, advanced digital banking solution, that prevents fraud, while still maintaining a frictionless experience." nFinia is an innovative, configurable platform designed to meet the evolving needs of both retail and commercial banking customers. AFS's Positive Pay helps institutions secure cash flow while preventing fraud. The integrated solution empowers financial institutions to deliver a personalized, feature-rich commercial banking experience, while enhancing security. "Protecting clients from financial threats means protecting your reputation, your customers and your future," said Jared Kopelman, Director of Strategic Partnerships at Tyfone. "Financial institutions can't afford to be reactive to fraud – they need to take a proactive and strategic approach when combatting bad actors. By partnering with AFS, we're equipping our clients with powerful fraud prevention tools that ensure commercial clients can trust their institutions to safeguard their finances." About Advanced Fraud Solutions Since 2007, Advanced Fraud Solutions has been the trusted leader in fraud prevention software, offering innovative tools to protect financial institutions and their clients from fraud. With a focus on detecting and preventing check, ACH, and wire fraud, AFS is relied on by over 1,000 institutions nationwide. For more information, visit About Tyfone Inc. Based in Portland, Ore., Tyfone is a leading provider of consumer and commercial digital banking services for community financial institutions throughout the U.S. We understand that an elegant, engaging, intuitive user experience is the minimum requirement for any digital banking provider. What differentiates Tyfone is our unwavering commitment to continuous innovation, exceptional collaboration, and superior execution. We consider each customer a true partner and place the highest value on every relationship. To learn more about Tyfone, visit and connect on LinkedIn. View source version on Contacts MEDIA CONTACTS: Laura Lenz // Anna Stanleylaura@ // anna@ 678.781.7226 // 251.517.7857 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
