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As our newly launched #OrboIntelligence Check Fraud Hub makes clear, check fraud is widespread and getting more sophisticated. It’s more important than ever to be vigilant and aware of telltale signs of fraud. During the discussions at the Check Fraud Roundtable, participants noted that over the past few years, the industry has seen fraudsters change…
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Adoption of digital banking was relatively slow at first The pandemic greatly accelerated digital banking Banks that don’t address fraud effectively lose customers If adoption of digital banking and commerce was tenuous as first, a good deal of restraint was discarded when the pandemic took hold and visiting banks in person became impossible. And, of…
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#CheckFraud has been buzzing on LinkedIn coming off of Fraud Awareness Week — November 13-19, 2022. #FraudFighters across the social media platform continue to bring awareness to the growing problem plaguing consumers and financial institutions. Check out the latest posts on LinkedIn below: Check out the post on LinkedIn → Check out the post on…
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Automation has been a popular topic in the world of banking for decades (and discussed here recently as well). However, according to BankingDive.com, there is a new term now picking up steam in the banking world: Banks, of course, have been focused on automating processes to improve efficiency and customer service for well over a…
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In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
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Checks remain a prime fraud target There is a thriving underground market for “glass” checks Assaults and thefts have led to Congressional hearings, but negligible action by the Postmaster American news website Axios takes a look at the huge uptick in check fraud crime, particularly check washing and what is being called “mailbox fishing.” Thieves are stealing paper…
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Checks are still widely used by various age groups and industries Pros and cons of using checks Investment in check automation is crucial As we continue to explore the relevancy of checks as a payment avenue, it’s important that we keep in mind some data previously noted in our blog: Checks still account for nearly 23%…
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EMV cards use a smart chip instead of a mag stripe to store the data needed to process a transaction EMV has seen impressive results in terms of security and fraud prevention These results may be channeling fraudsters to checks EMV cards have much to tout when it comes to security and fraud prevention. EMV fraud…
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International Fraud Awareness Week is November 13-19 There are no borders in the world of fraud, making it a truly international issue Fraud constantly evolves, and anti-fraud technology must keep up While prevention of check fraud is our mission year-round, we’re pleased to join The Association of Certified Fraud Examiners (ACFE) in observing International Fraud Awareness…
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The past week on LinkedIn, #fraudfighters were out in force spreading the word on Fraud Awareness Week — November 13-19, 2022! Check out some of the latest posts on LinkedIn below: Check out the post on LinkedIn → Check out the post on LinkedIn → Check out the post on LinkedIn → Check out the…
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