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Check out our reservoir of information related to check recognition and healthcare payment technologies. We frequently update this section with the latest news, trends, and analysis of the banking and healthcare industries.

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Platform Modernization

Both the financial and healthcare industries are undergoing modernization initiatives in check payments and remittance.  See how OrboGraph is using AI, self-learning and deep learning models to drive innovation in these industries to deliver workflow automation.

Platform Modernization

Modernizing payments in the banking and healthcare industries

AI, Self Learning & Deep Learning Technologies

Optimized AI and deep learning models for the automation of check processing and healthcare posting

Operationalizing AI & Self Learning in Checks

Revolutionizing check processing and fraud prevention for the banking industry

Delivering Healthcare Payment Electronification

Increased accuracy levels, decreased error rate for healthcare payments posting

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See how each product/service module of OrboAnywhere and OrboAccess delivers value from our check and healthcare payment platforms

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Healthcare Payments

OrboAccess automates remittance and payment posting as well as enables full research and business intelligence analysis for RCM companies, clearinghouses, billers, and providers.

Access EOB Conversion

Delivers EOB/EOP electronification with information intelligence via AI and deep learning technologies

Access Correspondence Letters

Extracts posting data and tracks reimbursement progress via workflow management

Access Payment Reconciliation

Streamlines the reconciliation process of ERA, ACH, EOB and checks

Access Patient Payments

Automates patient payments for posting

Access Denial Intelligence

Spotlights trends in denials to reduce receivables via prevention

Healthcare Payments Automation Center

Scalable, reliable, flexible cloud-based hosted data center on Amazon Web Services (AWS)

Check Processing

OrboAnywhere automates paper originated payments (i.e. checks, money orders, drafts) and remittances for balancing and posting while reducing risk and losses in the areas of check fraud, payment negotiability and compliance.

Anywhere Fraud

Transaction and image analysis for on-us and deposit fraud detection of counterfeits, forgeries, and alterations.

Anywhere Recognition

Divergent multi-engine CAR/LAR, ICR, OCR & AI check recognition for the Omnichannel

Anywhere Validate

Validate payment negotiability of paper originated items

Anywhere Payee

Match, read, and validate payees for risk and operational workflows

Anywhere Positive Pay

Payee name verification of business checks using issue files

Anywhere Compliance

Mitigate risk in check payments for OFAC, BSA/AML, UCC, Reg CC, and KYC

Restrictive Endorsement

Automatic validation of restrictive, mobile and non-restrictive endorsements

Traditional Products

Based on the Accura XV platform

8 Percent of Payments Fraud Is Linked to Terrorism

An article from Digital Transactions finally quantifies the relationship between payments fraud and terrorism! Startling facts in this report show that, outside of pure fraud losses, there is a crucial national security component to fraud prevention.

Terbium Labs graphic

Information-security firm Terbium Labs, in its “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime” report, reveals that 8% of the 154 criminals cases reviewed were linked to terrorism. Compare that to the 2% rate for the 112 cases examined in Europe.

“Fraud is a global issue,” Emily Wilson, Terbium vice president of research, says in an email. “Payment cards skimmed in Iowa end up on Romanian carding markets, and are then sold to fraudsters around the world. The payments industry, from the card networks to the issuing banks, need to reevaluate the scale of the problem. This is no longer just someone stealing credit cards out of mail boxes, this is a highly organized criminal economy thriving on stolen payment data. This research illustrates some of the ways that the criminal economy uses payment fraud to fund horrific crimes; the payments industry needs to reevaluate their approach to identifying and investigating fraud with higher stakes in mind.”

“We initially anticipated seeing a more balanced number of cases between North America and Europe,” Wilson says of the reviewed terrorism cases. “This uneven distribution requires further research to identify whether North America consistently sees such a high rate of terrorism cases in comparison, or if the rates of terrorism-related cases in Europe are masked by selective case availability or dismissal or fraud charges before European cases reach public record.”

A summary of key findings:

  • North America has the highest rate of terrorism linked fraud cases, with more than seven times as many cases as Europe.
  • Europe as a whole sees significant fraud links to organized crime, drug trafficking, and money laundering.
  • Eastern Europe uses payment fraud to support drug trafficking, money laundering, and organized crime.
  • Western Europe shows higher rates linking payment fraud and human trafficking.
  • Even with extensive gaps in case documentation, researchers identified more than $1 billion in fraud losses associated with the transnational criminal cases examined.

“We know payment card fraud is a multi-billion-dollar problem, and those numbers only continue to increase,” Wilson says. “We have to think beyond the limited transactional borders of fraudulent activity. We can’t continue with different levels of commitment to ending human trafficking versus fighting fraud. These issues are one and the same.”

OrboGraph is committed to the causes of fighting check fraud as well as enhancing compliance with governmental programs in order to mitigate money laundering. The capabilities used for check fraud detection supplement the ability to improve AML initiatives within the bank. Today, many checks go through the payment process without any kind of scrutiny of the payee, payor, date, and other fields. By extracting this data and using it for AML compliance, financial institutions can lock down the check payment in a much more disciplined way.


This blog contains forward-looking statements. For more information, click here.

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