Fighting RDC Mobile Banking Fraud with Machine Learning

Fighting RDC Mobile Banking Fraud with Machine Learning Webinar
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Mobile banking use is on the rise, and as banking services grow, so do fraud attempts using mobile banking capabilities. Fraudsters have repeatedly created schemes by blending traditional tactics with new technologies or new banking services. A recent technique involves a very old form of payment – checks – with a newer, but rapidly growing mobile banking service – remote deposit capture (RDC) – to commit check fraud. The mobile banking scams leveraging RDC most frequently in use are the Sweetheart Scam and Fake Online Payday Lenders. This session will provide insights on how criminals are using mobile banking to commit check fraud and how financial institutions can successfully prevent losses and proactively help their customers avoid future fraud problems.