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“Duplicate” check fraud (duplicate deposits)

Question: 
What is “duplicate” check fraud?
Answer: 

Duplicate check fraud (sometimes called “duplicate deposits”) has increased with the use of remote deposit capture. Criminals typically attempt duplicate check fraud by depositing a check with a mobile device or scanner and then attempt to cash the already-deposited check at a different location. Financial institutions must implement advanced technology and processes to identify and prevent this type of fraud.

Learn more about check and transaction fraud.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 09/03/2023

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