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How frequent is fraud in mobile check deposit systems?

Banking and Financial Institutions
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Asked by Question Bot01/Feb/20161 answer

1 Answer

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Faisal KhanContributor

01/Feb/2016

0
Two possibilities. The commonality of the fraud is unknown.

  1. Bank identity theft (information about your name, address, bank name, bank account number, routing number, check number sequence)
  2. Because the check is not franked, duplicate presentment issues.