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Check Processing

Check Processing Industry Experiences Temporary Turmoil

July 9, 2024

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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Podcast: For Modern Banks, Evolution Leads to Customers As Key to Success

July 3, 2024

Bank infrastructure has changed For modern banks, customers are more important than money The Cloud has become more and more integral Michael Haney, head of product strategy at Galileo Financial Technologies, recently spent time with Hal Levey, senior writer at PYMNTS, discussing the fact that banking infrastructure has undergone a significant evolution over the past few…

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OrboNation Newsletter: Check Processing and Fraud – June 2024

June 28, 2024

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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How Open Banking is Reshaping the Financial Landscape

June 27, 2024

Open Banking is popular worldwide United States financial institutions are “late to the party” Collaboration, innovation, and interoperability are keys to success A few weeks ago we explored Open Banking and its impact. Open Banking is a system that allows consumers to share their financial data with third-party providers and enables access to a wider…

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Paying with Checks: Reviewing Advantages and Disadvantages

June 21, 2024

While thought of as “old school,” there are still advantages to using checks For many, checks still offer respite from carrying physical money At the same time, growing fraud makes caution necessary Alternative Payments offers a comprehensive look at the advantages and disadvantages to paying with checks, along with a bit of history and key…

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The Three Main Ways Banks Leverage AI

June 13, 2024

AI has emerged as a powerful protective tool for banks and their depositors Consumers are becoming more aware of AI services in other areas of their lives What was once a feature will soon be an expectation BizTech Magazine examines AI and the three primary ways banks are deploying this new tool. Consumers, too, are…

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OrboGraph Announces Open Consortium Strategy at Innovation Conference, Initiating with Advanced Fraud Solutions TrueChecks®

June 11, 2024

Robust consortium data set currently includes 2,500 institutions and 25,000 routing numbers Burlington, MA, June 11, 2024 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the successful integration of Advanced Fraud Solutions TrueChecks® within its OrboAnywhere Sherlock 5.3 release as part of an open consortium strategy to…

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Is America Ready for Open Banking?

June 6, 2024

Open Banking is already popular worldwide The United States is late to adopt Open Banking Regulation is priority on to ensure consumer and bank safety After a late start, it looks like the United States is finally ready to adopt Open Banking. Open banking, a system that allows consumers to share their financial data with…

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ThreatAdvice Interviews Frank Abagnale for His Thoughts on Modern Fraud

June 5, 2024

Mr. Abagnale was an infamous fraudster before “going straight” The film Catch Me If You Can is based on his life As a fraud-prevention consultant, Mr. Abagnale warns that check fraud is now easier than ever Who better to give fraud-avoidance advise than a famous (infamous) ex-fraudster? Steve Hines of ThreatAdvice sat down with Frank…

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FBI Reports U.S. Seniors Lost $3.4 Billion from Scams

June 4, 2024

The elderly are becoming favored targets of fraudsters An FBI report reveals “astonishing” numbers International scammers are now prevalent Unfortunately — and not unexpectedly — fraudsters are taking aim at older Americans. As CBS News reports, “Elder Fraud” is becoming more and more popular. According to the FBI, older Americans were targeted more frequently last…

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