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Standard for Reviewing Mobile Deposits for Fraud

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Question: 
What is the "industry standard" for reviewing mobile deposits for fraudulent activity? Do most have a set daily/monthly dollar limit and how long must a deposit and on line banking account be open to get access?
Answer: 

I don't know that there is an industry standard for this. It would be institution-specific and dependent on the institution's own risk assessment, risk appetite, and risk tolerance levels.

First published on 03/17/2014

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