A Broad, Growing Problem
Deposit fraud is a leading loss category for institutions of all sizes, one that continues to evolve with the introduction of new service delivery channels and 24 x 7 banking. Cross channel fraud, empty envelope deposits, new account fraud and kiting are among the attacks being launched by a wide range of perpetrators from professional, organized fraudsters to account holders in financial distress. These complexities require a new approach to proactively reducing fraud losses. It’s time to rethink Deposit Fraud.
A Comprehensive Cross-Channel Approach
Memento Deposit Fraud combines leading edge analytics and an innovative, analyst oriented interface to protect susceptible customers and your institution from:
New Account Fraud
Identify suspicious new accounts before accepting fraudulent deposits.
Cross-Channel Deposit Fraud
Spot warning signs of deposit fraud before making funds available. Monitor ATMs, POS and other access channels to accurately assess accounts at risk.
Kiting
Stop professional fraudsters as well as legitimate account holders taking advantage of funds availability. Be first to detect illegal use of the float and avoid losses.
Key Features Of Memento Deposit Fraud
Next Generation Analytics
Bayesian statistical models accurately detect check fraud while simultaneously reducing false positives.
Revolutionary Alert Management
Work quickly and accurately with the only application designed to present analysts with all necessary information on a single screen.
Account Specific Profiling
Create risk profiles at the account and customer level to evaluate check activity in relation to past history.
Cross-Channel, Context Rich Detection
Monitor account activity across point-of-sale, ATMs, branches and other channels to detect check fraud.
Institution Specific Fraud Monitoring
Remain confident in check fraud defenses and avoid costly rule changes with analytics that automatically adjust to meet prevention demands specific to your institution.
Network Analysis
Uncover linkages to known good and bad accounts – A key Indicator in determining account risk.