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It’s 11:00. Do you know where your customers are?

Geolocation tracking with Advisor by Digital Check®

An examination for Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) compliance is no joke, and remote deposit is getting an ever-closer look from regulators. That’s why we created Advisor by Digital Check – a geolocation service that lets you track your deployed scanners in the field, anywhere in the world. Click here for more on how BSA/AML and other regulatory guidelines are being applied to remote deposit.

Automatically flag suspicious transactions

If a customer attempts to make a deposit from someplace other than their registered location, Advisor takes action based on bank-defined parameters. You can, for example, flag a transaction for review if the customer initiates a deposit outside of a bank-determined geographic distance from their registered location, or block the account for that or if the device has crossed a state or national border.

Beyond your standard IP-based geolocation – More precise and harder to fool

Using patented technology, Advisor can home in with far greater accuracy than less-precise ISP node location, which can give positions miles away or be completely defeated if proxy servers are in use. Under ideal conditions, Advisor can pinpoint a device’s location to within a few hundred feet! It also not overcome when VPNs and proxy servers are used.

Works with all scanners – not just Digital Check’s

Advisor is scanner-agnostic, so whether you’re using our equipment or a mix of Digital Check’s and someone else’s, you’ll be able to keep track of where your deposits are coming from.

Want to know more? Contact us or schedule a demo:

847-446-2285

sales@staging.digitalcheck.com

More on AML Regulations and Guidelines

BSA/AML Compliance  in Remote Deposit Capture:  Helpful Tips (Digital Check Resource Center)

FFIEC: Guidance Addressing Risk Management of Remote Deposit Capture Activities

Bank Secrecy Act/Anti-Money Laundering – Monetary Penalties List

FFIEC: BSA/AML Examination Manual
(Electronic Banking – p. 208)

FATF: Money Laundering and Terrorist Funding Vulnerabilities of Commercial Websites and Internet Payment Systems

FATF: Money Laundering Using New Payment Methods