UV Technology Sheds New Light on Check-Fraud Detection
Tags: Bank / Credit Union, Bank Security, Check Cashing, Security
Source: ATMmarketplace.com
Type: White Paper
Overview | Download

Check fraud costs financial institutions billions of dollars annually. Most check fraud is done by physically altering a check in some way, but new UV technology helps detect such changes. Special inks and cameras identify changes made to checks, while automated technology means manual inspections of checks no longer have to be performed. UV technology for check-fraud detection:

  • provides a higher level of fraud detection
  • can automatically inspect checks
  • can store, forward and display check images instantly, regardless of geographic location