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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 transactionsIf 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 foolUsing 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’sAdvisor 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 |
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 |