Skip to content

Financial Industry

10 AI Trends to Watch in 2020

February 21, 2020

For all the talk of Artificial Intelligence capabilities and their value to organizations and industries of all sorts, it should be noted that, according to the 2019 MIT SMR-BCG Artificial Intelligence Global Executive Study and Research Report, nine out of ten companies have made some investment in AI, but 70 percent said they have seen…

Read More

Multi-Victim and Multi-Layered Fraud Challenges Banks

February 18, 2020

Double-layered fraud: fraudsters who actually defrauded other recruits who thought they were “in on it” – both banks and accomplices alike we defrauded. To better detect fraud, banks need to strategically align their technologies.

Read More

2020 ABA Fraud Survey Delivers Shock Value

February 11, 2020

Fraud attempts affected an estimated $25.1 billion held in deposit accounts, ABA’s survey found, with $22.3 billion protected per the Banking Exchange Prevention was the equivalent of $9 for every $10 in attempted fraud, per Dodd Frank Update Attempted check fraud spiked 43% in two years, per PYMNTS.com The American Bankers Association’s (ABA) 2020 Deposit…

Read More

Accelerated Funds Availability… The New Normal?

February 11, 2020

Accelerated funds availability allows depositors to instantly access the money they deposit via check. That way, there’s no waiting period for the check to clear and no penalty if the check writer’s account has insufficient funds. An article at BAI Banking Strategies by Victoria Dougherty, director of Payment Management Solutions, Fiserv, opens by wondering why…

Read More

Cash is Almost Dead, According to MIT

February 4, 2020

Is cash becoming an endangered species? And, if so, is that good? Mike Orcutt, an associate editor at MIT Technology Review, has written what he calls an elegy for cash at the MIT Technology Review site, and includes some points to ponder regarding whether the demise of cash could actually be a negative development, as…

Read More
check processing

Payments: Nine Things Corporate Treasurers Can Expect in 2020

January 28, 2020

PaymentsJournal.com took a look at the world of corporate payments and listed nine things corporate treasurers can expect in 2020. This includes: a categorical rise of real-time banking (No. 1) explosive new records for the volume of payments managed by corporate treasurers (No. 3) a warning that fear of fraud and security breaches will increase…

Read More

The 2019 Federal Reserve Payments Study Illustrates Dynamics of Robust Economy with Payment Diversity

January 15, 2020

The Federal Reserve released the 2019 Federal Reserve Payments Study Executive Report on December 19, 2019. Based on 2018 compared to 2015, aggregate payment growth in “core noncash payments,” including debit card, credit card, ACH, and checks, were up as a whole by 6.7% representing an incremental 30.6 billion transactions valued at $97B! Comparing actual…

Read More
check processing

Y2K: A Thing of the Past or History Repeating Itself?

January 9, 2020

In today’s world, abbreviations are utilized on a daily basis. Simple contractions such as “don’t”, “couldn’t”, and “we’ll” are all commonly used in the English language. In the banking world, abbreviations are most common in the date field, as many in society choose to abbreviate the year from 01/08/2020 to 1/8/20. Seems harmless, right? Maybe…

Read More

2020-2030: Payments In The Next Decade

January 2, 2020

We love this time of year! It’s a week when everyone the payments industry can take a deep breath, celebrate successes, reflect, and then blog about the future. And now that 2020 is upon us, what better time to “look ahead” toward 2030! PYMNTS.com is one of the first publications to make a prediction related…

Read More

A Look Back – and Looking Forward to 2020

December 24, 2019

And another year comes to a close! It’s been our pleasure to share observations, insights, and solutions from across the industry via the OrboNation Blog. As 2019 comes to end, we have much to be thankful for. Most importantly, however, we’re thankful for the clients and customers that are crucial to OrboGraph’s success. Looking back,…

Read More