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Want to Improve Online Banking? Add These Features!

The adoption of online banking, now incorporating mobile, has become a staple for the industry over the past couple of years. However, the online experience can vary greatly based on what features are offered from each financial institution. One area which has not received its share of improvements are value-added features for check-type payments. The…

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Another Milestone: ATM’s Reach the Half-Million Mark

A new analysis of industry data by the ATM Industry Association (ATMIA) reveals that there are now between 475,000 and 500,000 ATMs operating out there in the U.S. market. This achievement comes after years of what can be characterized as fairly stagnant growth (attributable to a struggling economy, Windows updates, and a complex EMV migration, among…

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VIDEO: Check Payments Increasing in B2B

Contrary to what might be considered “conventional wisdom,” in 2016 51% of business-to-business payments were made by check. Does that mark a slowing in the “disappearance” of check usage? Au contraire – that number is up from 50% in 2013! Magnus Carlsson, AFP’s Manager of Treasury and Payments, discusses in the attached video the new…

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Financial Industry Tech – Think LONG Term

The story of Eastman Kodak’s fate is often used to illustrate the danger of late adoption of new technology. Even venerable and ostensibly rock-solid entities can find themselves marginalized and, ultimately, pushed out the picture (so to speak) if they don’t keep up with emerging tech. An article in the Harvard Business Review uses the…

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News Flash: Checks Still Matter

The Association for Finance Professionals (AFP) has made available a white paper entitled “Not Going Anywhere: Why Checks Still Matter” (log-in required) that offers valuable insights in an easily digestible package. As pointed out in the report, check use in the United States for business-to-business (B2B) transactions remains at roughly 50% in spite of a multitude…

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Artificial Intelligence: Only Getting Better

With all of the tech we count on that uses actual experiential learning to better read handwriting on a variety of payment types — including checks, for instance — we probably should have seen this coming. Last September the white coats at Google added something called the Google Neural Machine Translation system (GNMT) to their translation tool.…

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How Banks Can Embrace Technology Through “Fintegration”: Podcast Summary

Here’s a terrific podcast interview via BAI Banking Strategies that you should listen to during your commute. In it, Andres Wolberg-Stok, Citi FinTech’s global head of policy, talks about best practices and approaches to incorporating financial tech – FinTech – in financial organizations. An important point Wolberg-Stok makes early in the conversation is the fact that,…

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Checks Tough to Shake From Their Throne in Pymnts.com Article

Pymnts.com reports that electronic payments are rising, according to a Viewpost study. Small and large businesses are recognizing the advantages of electronic payments.  But, for all the rah-rah about electronic payments seeping into the consciousness of American businesses, there are no victory dances quite yet: Every single one of the business owners surveyed by Viewpost…

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Social Media Provides a Gaping Hole for Fraudsters in Check

  AJC.com recently reported the story of a group of fraudsters who used Instagram ads to solicit bank information for unsuspecting victims, who were robbed of substantial funds before the crime was discovered. During a scheme lasting at least 17 months, the FBI said, the trio posted advertisements on Instagram and other social media sites offering “fast…

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OrbyAwards for Excellence Presented to Eight Banking and Healthcare Partners/Clients Along with Induction to OrboGraph Hall of Fame

Billerica, MA, June 7, 2017 – OrboGraph, a premier developer and supplier of intelligent electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions, image validation and check fraud detection for the U.S. check processing market, recently presented its OrbyAwards for excellence and inducted eight recipients to the OrboGraph Hall of Fame…

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