orbograph
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%…
Read More
Microsite highlights primary and secondary research in check and payments fraud Billerica, MA, November 17, 2022 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced today the launch of the #OrboIntelligence Check Fraud Hub – a dedicated microsite resource centralizing primary and secondary research, industry trends, and 3rd…
Read More
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…
Read More
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…
Read More
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…
Read More
78% of renters still pay by check Other industries dominated by checks Investments in tech to automate check processing As we noted in a previous blog, checks are NOT going away. In fact, our friends at Alogent reported that of non-cash payment methods, checks accounted for nearly 23% of the total value of payments in…
Read More
Check fraud can be organized and vast in scale An organized operation was used in Pasadena to stop one such operation Organized check thefts affect families and individuals We have on occasion used this space to talk about how check fraud can be a small crime undertaken by individuals who normally would not consider “stealing.”…
Read More
Check fraud needs to be addressed at banks and businesses alike JPMorgan Chase identifies three vital fraud concepts to understand Tools to prevent fraud losses are readily available and constantly improving Check fraud continues to be a major focus for the banking industry. As noted in JPMorgan Chase’s new guide entitled FRAUD + CYBERSECURITY: Your…
Read More
The medical lockbox has existed for decades — with many banks offering this treasury management service to their healthcare clients. Traditionally, medical lockboxes are the consolidation point for paper payments and remittances, where banks process multiple payment types including ERAs, EFTs (ACH), checks, wire transfers, and now virtual cards. However, over the past decade, a…
Read More
Want to keep up in the banking industry? Follow the example of executives at eight in ten banks, who noted that their 2022 technology budget was up from the previous year, with an average increase of 11% over 2021. In fact, Gartner Inc. predicts that in 2022, banks and financial firms will invest an estimated…
Read More