Advanced Fraud Solutions releases new report on rising mobile deposit scams

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“The new popular has forced monetary establishments and their consumers to adopt cell banking as a means of depositing checks,” said Ted Kirk, AFS’s vice president of strategic partnership. “Therefore, the popularity of cell banking has also led to new and improved fraud tactics aimed at depositing cell checks. More recently, for example, we have noticed an increase in unemployment fraud, romantic scams and stimulus-related fraud schemes. Institutions that do not have the security of their cell banking channel may be exposed to those plans. “

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