Product Type: Market Research Report
Published by: TowerGroup
Published: February 2008
Product Code: R301-1414Description Despite using software to protect against check fraud, financial services organizations and retailers in the United States continue to experience losses. Moreover, the Internet provides a ready market for check fraud perpetrators who victimize consumers and small businesses. TowerGroup believes that by using real-time third-party check fraud detection services, banks can identify check fraud at the point of deposit, protecting against losses to both the bank and its customers.
Table of Contents - Report Coverage
- Check Fraud Detection Methods
- Exhibit 1 Batch Check Deposit Fraud Detection Process Used by North American FSIs (2008)
- Internet Check Fraud Impacts Bank Customers
- Exhibit 2 US Check Fraud Loss as a Total of Reported Amount of Losses from Internet Fraud (2006)
- Exhibit 3 US Average (Median) Loss Due to Reported Internet Fraud by Type (2006)
- Real-Time Fraud Detection Services
- Deposit Fraud Detection Opportunities
- Summary
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