Deposit Fraud

Deposit Fraud

Catch suspicious deposit activity early, before losses begin to add up.

Stay a step ahead of deposit fraud attacks

Financial institutions across the country are facing an increasing number of deposit fraud attacks as criminals take advantage of the anonymity and convenience of ATM and mobile channels. Consumers, too are increasingly falling victim to fraud scams, which can have significant emotional and financial effects.

Nasdaq Verafin’s innovative agents use artificial intelligence and machine learning to analyze a wide range of risk factors indicative of fraudulent deposit activity. From cross-channel analysis to advanced detection for out-of-the-ordinary customer behavior, and assessment of customer profile information, Nasdaq Verafin strengthens your deposit fraud program all while filtering out lower-risk items.



Nasdaq Verafin applies behavior-based analytics to customer activity across multiple deposit channels, including ATM, mobile, and in-branch.


Using the power of the Nasdaq Verafin Cloud, Nasdaq Verafin’s cross-institutional analysis alerts you when a deposited check is drawn on a closed account — either at your institution or another Nasdaq Verafin-based FI.


Get alerted when it appears your customer is being victimized by a known criminal deposit scam, such as the opening of a new account funded by fraudulent check and mobile deposits with the intent to withdraw non-existent funds, before the funds are withdrawn.


Increased investigative efficiency

Using manual reports or creating rules to catch deposit fraud is time consuming. Too much time is wasted weeding through false alerts or irrelevant information. Nasdaq Verafin’s advanced agents employ artificial intelligence and machine learning to analyze billions of transactions in the Cloud, maximizing alert quality and accuracy so you can investigate truly suspicious activity.

Reduce new account fraud risk

New accounts are inherently risky. Nasdaq Verafin alerts you to potentially suspicious deposits made by new customers who do not have an established relationship with your institution and where the risk of loss due to exposure is high.

View and compare deposited checks

Nasdaq Verafin’s deposit fraud alerts give you the ability to view images of potentially suspicious checks within the alert. At a click, you can view the front and back of a check, compare features against other checks drawn from the same institution or written by the same payer.

More Nasdaq Verafin Features

Automated SAR functionality. At the click of a button you can create a pre-populated SAR. Complete your narrative and queue it for overnight electronic submission directly from Nasdaq Verafin to FinCEN. Nasdaq Verafin can also remind you when it is time for 90-day refiling, if the suspicious activity continues. Learn more >
Integrated case management. Integrated case management functionality lets you create a fully audited and tracked investigation. Upload related files, assign tasks to other users, and document your decisions — all in one location. Learn more >
Enterprise reporting. With hundreds of ad-hoc data reports, and the ability to create custom reports that include the information fields you need, Nasdaq Verafin helps improve auditing, reporting and record-keeping of all aspects of your fraud and AML detection efforts. Learn more >
Cross-Channel Fraud Detection. Fraudsters will target every available channel to enrich themselves at your customers’ (and your institution’s) expense. Nasdaq Verafin’s cross-channel analysis generates data-rich alerts that help you proactively detect scams and stop fraud losses from Deposit Fraud, Check Fraud, Card Fraud, Loan Fraud, Wire Fraud, ACH Fraud, and Online Account Takeover. Learn more >

Interested in learning more about Nasdaq Verafin's Deposit Fraud Solution?