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Data Verification

A Look Inside the New FFIEC Information Technology Examination Handbook

July 15, 2021

The Architecture, Infrastructure, and Operations Booklet is one in a series of booklets that compose the Federal Financial Institutions Examination Council (FFIEC) Information Technology Examination Handbook (IT Handbook), prepared for use by examiners. As described at the FFIEC website: With the publication of this booklet, the FFIEC member agencies replace the “Operations” booklet issued in July 2004.…

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The No Surprises Act: Advanced EOBs on the Horizon

July 9, 2021

The No Surprises Act — which is part of the Consolidated Appropriations Act introduced earlier this year — is a pretty straightforward proposition: It is designed eliminate some of the surprises that group health plan participants encounter from unexpected charges. Health Affairs This Week Podcast provides a tidy summary of the act. An initiative that affects revenue cycle needs further discussion : Advanced EOBs.

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40% of Consumers Prefer Checks for Bill Payment

April 1, 2021

The report presents results from questions exploring how adults in the United States use and pay for “box of the month” clubs and online subscription services. It also explores the ways consumers pay their bills and the increasing importance of digital bill payment. …When it comes to paying bills, the majority of consumers (6 in…

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CEIC: A Tremendous Resource for International Check Volumes

March 10, 2021

CEIC Data was founded in Hong Kong in 1992 by a team of expert economists and analysts, and today employs data analysts in multiple offices around the globe. They currently offer “exclusive access to unparalleled coverage of 200+ economies around the globe, helping analysts and economists make sense of the world economy.” From their website: First and foremost, our products are about people. Our relationships with primary sources in numerous countries around the globe mean that our clients have access to most detailed and credible data in the world…

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Capital One Goes All In on the Cloud – Will Others Follow?

December 3, 2020

The Amazon Web Services website reports that Capital One is completing its migration as the first US Bank to go all-in on the cloud — and it’s making waves in the industry. “Capital One, one of the largest banks in the United States, announced in November 2020 that it had completed the migration from all eight of its on-premises data centers to Amazon Web Services (AWS), becoming the first US bank to report that it was all in on the cloud.

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Health IT Execs Unhappy With EHR-Based Analytics Packages

August 21, 2020

Technology just keeps getting better and better, right? Not always. A recent survey of health IT leaders reveals that they are most often unhappy with their electronic health record (EHR) packages. Healthcare IT Today reports on a survey 108 healthcare leaders about their use of analytics platforms. It starts out with some fairly positive data:
90% of these organizations reported using the analytics in their EHRs.

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Understanding AI: What is a Deep Learning Node?

August 7, 2020

To the layman, much of the language in the AI space can be mystifying, particularly in deep learning. Take for example one of the core elements; the node. A deep learning node is “a computational unit that has one or more weighted input connections, a transfer function that combines the inputs in some way, and an output connection. Nodes are then organized into layers to comprise a network.”

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atm credit card transaction

Coronavirus Crisis: The Future of Cash, Checks, Credit Cards

April 8, 2020

The unprecedented worldwide coronavirus pandemic has created a new set of values for people around the world. Toilet paper is a precious commodity (in spite of a robust supply chain, it should be noted); it is possible to be productive working from home (a good internet connection is a lifeline to remote meetings), and; you…

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Stimulus Package: Direct Deposit or Check?

March 31, 2020

Congress passed a $2 trillion stimulus bill — the largest in United States history — that promises to revive a coronavirus-stricken economy. These are payments that will be sent directly to Americans, with many adults getting $1,200. For every qualifying child age 16 or under, the payment adds an additional $500. The plan is for…

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Cryptocurrency: A Comprehensive Primer

March 4, 2020

A few months back we wondered whether Santa would take cryptocurrency – this was in reference to a rather bleak Huffington Post article called “The Bitcoin Hoax“. Pessimists aside, ever since Bitcoin appeared, the ever-growing ecosystem of cryptocurrency has continued to expand and spawn new varieties — some that sound like sci-fi movie titles and…

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