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Home » OpenEye Helps Community Bank Fight Fraud Remotely

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OpenEye Helps Community Bank Fight Fraud Remotely

November 14, 2018
KEYWORDS video surveillance
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Wheatland Bank is a locally owned independent community bank, headquartered in downtown Spokane. In the 39 years since inception, Wheatland Bank has grown through organic and diversified expansion with 14 branches throughout eastern and central Washington serving over 15,000 customers. In September 2018, BauerFinancial, Inc., the nation’s premier bank rating firm, affirmed that Wheatland Bank had once again earned its highest (5-Star) rating for financial strength and stability. Earning and maintaining this top rating for 40+ consecutive quarters puts Wheatland Bank in an even higher bracket as an “Exceptional Performance Bank.” Wheatland Bank focuses on helping businesses and consumers succeed by offering personalized banking relationships and customized lending, banking and wealth management services.

Video surveillance is a must for a bank, but where surveillance cameras historically were used for general security and for evidence in the case of a robbery, banks expect more from their surveillance systems now. Surveillance cameras are used to verify teller transactions and to fight fraud in counterfeit checks. The American Bankers Association estimates that fraud against bank deposit accounts cost the industry $2.2 billion in losses in 2016 alone (2017 ABA Deposit Account Fraud Survey).

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