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This week’s reveal: prior to March 2020, I had never used the mobiledeposit feature of the banking app on my phone. Since then, I’ve deposited nearly a dozen checks using this nifty capability. Second, after I figured out how to use mobiledeposit the first time, I asked myself, “Why did I ever go to the bank?
Tuum: Raised $48M for its modular banking technology, gaining traction with banks and financial institutions across Europe. Mahalo Banking: Raised $21M for its banking software; successfully launched new features, experiencing strong growth in client base. QuickFi : Reported a 45% increase in loan volume.
Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, accounttakeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. The Whole New World of Check Fraud.
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