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Making the Leap to Digital: An Overview for Financial Institutions
While many businesses are scrambling around trying to figure out how to get rid of their file cabinets and replace them with digital records, banks are going a step further. Brick-and-mortar banks and credit unions ... Read More »
What Is Automated Signature Verification?
You may already know that automated signature verification is a tool that automatically verifies signatures to protect against forgery and fraud. But, do you know how this process works or why it's beneficial to you ... Read More »
How Long Should You Give Your Customers to Report Fraud?
If one of your customers gets their bank card, checkbook, or account details stolen, a thief may make purchases or draw money out of the account. Legally, you have to absorb some of these costs, ... Read More »
Make Sure Your Customers Know About These 5 Scams
In many cases, your customers are the gateway through which scammers target your bank. As a result, when you educate your clients, you protect your entire enterprise. To safeguard your financial institution, you may want ... Read More »
How Automated Check Image Analysis Works
Examining checks manually takes a lot of time and effort, but thanks to automated check image analysis, you no longer have to worry about that wasted time or money. Wondering how it works? Here's a ... Read More »
How to Create a Culture That Reduces Internal Theft and Fraud
In 2015, a bank teller in White Plains, New York was at the helm of a group that stole $850,000 from multiple bank accounts. Two Chase bankers in Brooklyn took almost $400,000 from customer accounts, ... Read More »
Working Together to Fight Bank Fraud
Banking can be a competitive industry where you're always contending with the bank on the other side of town or even on the other side of the country. However, when it comes to fraud, banks ... Read More »
Transaction Analysis: A Primer for Bankers
Transaction analysis is the process of examining bank transactions to look for fraud or other issues. To reduce fraud, banks need to analyze checks, ACH payments, loan transactions, debits, and credit card payments. Some of ... Read More »
How to Do a Risk Assessment of Your Financial Institution
When you run a financial institution, you need to safeguard your resources and your clients from threats. That often starts with a risk assessment. To help guide you in the right direction, here's a very ... Read More »
Fraud Prevention vs. Loss Recovery – Why Humpty Dumpty Can’t Be Put Back Together Again
An ounce of prevention is worth a pound of cure, a stitch in time saves nine, and you can't put Humpty Dumpty back together again. There are countless sayings about the importance of proactive, preventative ... Read More »
