Learn how Early Warning can help your FI use big data and predictive analytics to say goodbye to bank deposit fraud
Picture this: a fraudster writes a check for $5,000 from his account at a credit union and walks over to his local branch of a nationwide bank, depositing the check by scanning it in at the ATM. It’s a large check, so the bank makes half of the funds...
Faster deposit channels like remote deposit capture and same-day ACH make banking more convenient for consumers. But as transactions speed up, deposit loss prevention solutions must keep pace.
To reduce losses associated with non-sufficient funds...
Faster banking means faster fraud.
Modern deposit channels—from mobile to remote-deposit capture to same-day ACH—make banking faster and more convenient for customers.
They also make deposit risk assessment more complicated for FIs.
Bad...
Learn about how FIs can stay one step ahead of fraudsters with new tools and techniques to better protect consumers.
Easier ways to send and receive payments? Check!
The need to write and send paper checks dwindling? Check!
Check fraud becoming a relic of the past?
Umm, not so much…
The reality is, check fraud shot up a mind-blowing 96% in 2022 according to the...
Stand guard across all deposit channels with insights on 95% of deposited items. Detect fraud, streamline transactions, and empower funds availability decisions.
With an estimated 5 million checks per week being distributed to taxpayers, here are a few things to keep in mind.
A Texas car and motorsports entrepreneur orchestrates a scheme to check kite $114 million, fooling investors and his business partner that he’s running a thriving business.
Learn more about Real-time Deposit Chek® Service as a tool to confirm the...