Deposit Fraud

The Deposit Fraud solution helps institutions minimize Deposit Fraud losses by providing comprehensive account activity monitoring for both 'On-Us' and Deposit Fraud risk:

• Monitor different channels utilized for Deposit Fraud and detect anomalies such as check flow through, bust-outs, mule account fraud and others.

• Detect accounts opened specifically for the purpose of fraudulent activity. Identify account-takeover attempts of existing accounts, in which perpetrators fraudulently transact on behalf of a legitimate account owner.

• Detect both single and multiple account kiting activities, i.e. the process of illegally benefiting from float; for example, by depositing and drawing checks between accounts at two or more banks.

• Use a single integrated solution to monitor all potential check deposit channels including branch cashier, branch ATM, online wire transfer and mail deposits.

IMTF Worldwide