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:
More on AML Regulations and Guidelines
BSA/AML Compliance in Remote Deposit Capture: Helpful Tips (Digital Check Resource Center)
FFIEC: BSA/AML Examination Manual