One thing I want to point out is that imaging doesn't prevent all forms of ATM deposit shenanigans in and of itself. If your ATM and Core Processing solutions are working together well, proper deposit holds should be placed real time if it is not cash that was deposited. We have found the bad apples have moved from empty envelopes to depositing NSF checks drawn on their own account. The machine accepts it because it is a check and increases the balance. Without a proper hold placed at the time of deposit, they may be able to draw on this artificial balance increase. While we've seen this attempted at our ATMs, it's never been successful because we're placing holds and reviewing the deposited checks. But the fact that people are even attempting this kind of scheme tell me that somewhere, there is some institution that is not placing the right holds and is not looking at the deposited checks to notice, "Hey, this is an on-us and there's no funds in the account!"
In my opinion, people would not know about or attempt this kind of activity unless it is working to the fraudster's advantage SOMETIMES.
Just a thing to consider--there are many types of deposit fraud so it is not a risk-free operation, regardless of the presence of imaging. And who knows what the bad apples out there will think of next? It all comes back to how much loss you can stomach if something does go wrong.
Last edited by mlindblom; 01/09/15 12:01 AM.
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Nothing I say should be considered legal advice or the opinion of my employer.