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Inhalt bereitgestellt von Sam Maule, Maia Bittner, Rachel Morrissey, Sam Maule, Maia Bittner, and Rachel Morrissey. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Sam Maule, Maia Bittner, Rachel Morrissey, Sam Maule, Maia Bittner, and Rachel Morrissey oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.
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Dissecting the Viral Chase ATM Glitch

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Manage episode 441614684 series 3569119
Inhalt bereitgestellt von Sam Maule, Maia Bittner, Rachel Morrissey, Sam Maule, Maia Bittner, and Rachel Morrissey. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Sam Maule, Maia Bittner, Rachel Morrissey, Sam Maule, Maia Bittner, and Rachel Morrissey oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

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What if you thought you found a loophole to get free money from ATMs, only to end up with a negative balance? Join us as we dissect a viral TikTok trend that had Chase Bank customers depositing fraudulent checks for quick withdrawals. Maia dives into how Chase later corrects these transactions, emphasizing the crucial role of identity verification and KYC (Know Your Customer) in online banking. We also tackle the unique challenges non-US residents face in accessing US-based bank accounts and the relentless efforts of banks to combat international fraud.
Our conversation takes a nostalgic turn as we explore the transformation of human banking behavior over the years. From amusing misconceptions about ATM and teller services to the early days of credit card usage, we highlight how technological advancements have altered our financial interactions. Discover personal anecdotes that reveal the stark contrasts between high-trust and low-trust societies, setting the stage for a deeper look into a supposed glitch at Chase ATMs.
In our final segment, we demystify the complexities of check fraud and the measures banks take to prevent it. Learn about the provisional access to funds, the stringent underwriting process, and the severe consequences of committing check fraud. We delve into how viral TikTok videos have influenced consumer behavior and the alarming rise in check fraud-related Suspicious Activity Reports since 2021. To wrap up, we explore the future of banking with AI, the concept of Net Interest Margin (NIM), and essential fintech metrics like LTV and churn rate. Tune in for an insightful discussion that spans from fraud prevention to customer acquisition strategies in the ever-evolving world of banking.

Hosts: Sam Maule & Maia Bittner

  continue reading

Kapitel

1. ATM Identity Verification and Check Fraud (00:00:00)

2. Evolution of Human Banking Behavior (00:08:43)

3. Checks and Fraud (00:14:03)

4. Deciphering Financial Jargon and Business Models (00:23:25)

5. Customer Acquisition Strategies in Fintech (00:37:24)

6. Startup Acronyms and Revenue Generation (00:51:01)

19 Episoden

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iconTeilen
 
Manage episode 441614684 series 3569119
Inhalt bereitgestellt von Sam Maule, Maia Bittner, Rachel Morrissey, Sam Maule, Maia Bittner, and Rachel Morrissey. Alle Podcast-Inhalte, einschließlich Episoden, Grafiken und Podcast-Beschreibungen, werden direkt von Sam Maule, Maia Bittner, Rachel Morrissey, Sam Maule, Maia Bittner, and Rachel Morrissey oder seinem Podcast-Plattformpartner hochgeladen und bereitgestellt. Wenn Sie glauben, dass jemand Ihr urheberrechtlich geschütztes Werk ohne Ihre Erlaubnis nutzt, können Sie dem hier beschriebenen Verfahren folgen https://de.player.fm/legal.

Send us a text

What if you thought you found a loophole to get free money from ATMs, only to end up with a negative balance? Join us as we dissect a viral TikTok trend that had Chase Bank customers depositing fraudulent checks for quick withdrawals. Maia dives into how Chase later corrects these transactions, emphasizing the crucial role of identity verification and KYC (Know Your Customer) in online banking. We also tackle the unique challenges non-US residents face in accessing US-based bank accounts and the relentless efforts of banks to combat international fraud.
Our conversation takes a nostalgic turn as we explore the transformation of human banking behavior over the years. From amusing misconceptions about ATM and teller services to the early days of credit card usage, we highlight how technological advancements have altered our financial interactions. Discover personal anecdotes that reveal the stark contrasts between high-trust and low-trust societies, setting the stage for a deeper look into a supposed glitch at Chase ATMs.
In our final segment, we demystify the complexities of check fraud and the measures banks take to prevent it. Learn about the provisional access to funds, the stringent underwriting process, and the severe consequences of committing check fraud. We delve into how viral TikTok videos have influenced consumer behavior and the alarming rise in check fraud-related Suspicious Activity Reports since 2021. To wrap up, we explore the future of banking with AI, the concept of Net Interest Margin (NIM), and essential fintech metrics like LTV and churn rate. Tune in for an insightful discussion that spans from fraud prevention to customer acquisition strategies in the ever-evolving world of banking.

Hosts: Sam Maule & Maia Bittner

  continue reading

Kapitel

1. ATM Identity Verification and Check Fraud (00:00:00)

2. Evolution of Human Banking Behavior (00:08:43)

3. Checks and Fraud (00:14:03)

4. Deciphering Financial Jargon and Business Models (00:23:25)

5. Customer Acquisition Strategies in Fintech (00:37:24)

6. Startup Acronyms and Revenue Generation (00:51:01)

19 Episoden

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