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Imaged Deposits Curb Fraud

Imaged deposits at ATMs can eliminate one type of check-fraud, commonly known as empty-envelope deposit fraud. Only about 50 percent of institution-owned ATMs have been upgraded to accept envelope-free deposits. Check fraud accounts for between 12 percent and 18 percent of total fraud at the ATM, analyst says. Future regulatory mandates and compliance standards such as PCI could encourage more institutions to make the imaging leap. Imaged ATMs could open doors for new types of fraud, such as increased attempts to deposit counterfeit checks.”]

Source: https://www.fraudtoday.io/imaged-deposits-curb-fraud-a-2919

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