Check Processing
Is Elon Musk’s DOGE targeting checks? Some cite Musk’s desire to get involved in payments Many persons would be “left in the lurch” if checks were eliminated In a recent post from Department of Government Efficiency (DOGE), the Elon Musk-led advisory group proposes another drastic change — this time, eliminating paper checks. A post on……
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Banking innovations are appearing quickly A flexible, modular core banking system is recommended Ecosystems and third-party integrations are vital It’s no secret to anyone involved in the banking industry that innovations are appearing very quickly – keeping up is a real challenge! However, given society’s growing on-demand expectations and need for speed, “keeping up” is…
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An active online marketplace exists for stolen checks Check thieves are provided an easy tool for remaining anonymous A new graphic by Finovifi reveals alarming statistics Earlier in the week we talked about protecting individuals and business from mail theft and check fraud. Equally important, however, is realizing where stolen checks end up. Dark Web…
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Are checks really “dying”? Some large retailers have stopped taking personal checks Checks are still a useful tool, the article admits A recent Fortune article got right to the point in its title: Paper checks are dying. Here’s what you should use instead. Indeed, the article paints a bleak picture for the future of paper…
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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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Travis Hill is newly appointed acting head of the Federal Deposit Insurance Corporation (FDIC) In 2017 during his first term, Trump issued an Executive Order directing more relaxed regulation We will likely see major changes for the banking industry in the next three years As reported in PYMNTS.com, the newly appointed acting head of the…
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Checks are seen as a “speed bump” for advancement and innovation Why paper checks are still used FIs need to focus on integration, rather than replacement As we kick off 2025, we see another article selling checks short as a major payment channel. PYMNTS.com notes that paper checks are a “speed bump” slowing the pace…
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1 2 3 Forbes Magazine features a post by Julien Villemonteix, the CEO of UpSlide, a software company that creates documents for investment banking and financial advisory firms. She notes that the banking industry is abuzz with excitement over the potential of artificial intelligence (AI) to transform the sector. With the global AI market projected to…
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Trends to look for in 2025 Back-office AI streamlining legacy payments Will quantum computing take hold in 2025? As we kick off 2025, Forbes.com has come out with their list of “The 10 Most Important Banking And Financial Technology Trends That Will Shape 2025.” The article notes: As technological disruption and economic uncertainty continue to…
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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.
Read More