Bad actors may be able to obtain checks that have already been scanned and imaged through remote deposit capture. Then, using check washing techniques, fraudsters alter the information in hopes of depositing the same check but to a different payee. Financial institutions should implement processes and technology that detect such attempts.
Continue reading about check fraud.
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.
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