Answer:
Advanced technology can help decrease fraud, but requires a holistic approach that combines best practices and cutting-edge capabilities. Financial institutions that detect fraudulent transactions before they reach the back office will strengthen their risk mitigation strategy with capabilities to stop: altered checks, check washing, money order fraud, counterfeit cashiers/official checks, account takeover, paycheck scams, lottery check scams, check kiting, and paperhanging – to name a few.
Download an industry document to learn more about
stopping check fraud across all deposit channels.
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