Industry News – Check
Not long after we saw Elon Musk’s X (ex-Twitter) make moves into payments, Visa has successfully completed its acquisition of Pismo, a global cloud-native issuer processing and core banking platform, for $1 billion in cash. Earlier reports said Visa was competing with at least one other firm to acquire Pismo. The collaboration aims to offer clients…
Elon Musk, who now owns Twitter (rebranded as X), plans to launch a peer-to-peer payments feature on the platform in 2024. Musk said he expected payments to launch by mid-2024 pending regulatory approvals from states. Approvals from California and New York are seen as particularly important for the payments launch. Back in April of 2023,…
It is no secret that the banking industry is a ripe target for big tech. Recently, we’ve seen Elon Musk’s “X” make it known they are entering the payments realm, having begun the process of applying for regulatory licenses and development of the software needed. Additionally, we saw Apple launch its new savings accounts to complement…
Relationship will drive new innovation and collaboration around dark web check fraud prevention Burlington, MA, November 13, 2023 – OrboGraph, a global leader in the fields of check fraud detection and image recognition solutions, is excited to announce a strategic partnership with Dr. David Maimon, Professor at Georgia State University, and a recognized authority in…
Artificial intelligence has been one of the hottest topics within the banking industry over the past few years. Every day, banking professionals are bombarded with emails from publications and vendors relating how AI is the greatest thing to happen to the banking industry; yet, according the American Banker, the excitement isn’t leading to implementation. In…
Sharing key metrics on check fraud trends across the industry, empowering community banks Burlington, MA, October 16, 2023 – OrboGraph, a leading provider of check fraud detection and image recognition solutions, is excited to announce its participation in the upcoming ThreatAdvice Fraud & AI Conference. The conference will take place on October 19th, 2023, in…
Integration of OrboGraph’s OrboAnywhere Fraud Module with Bit Builders’ NextGen Digital Banking offers stand-alone platform Burlington, MA, September 20, 2023 – OrboGraph, a global leader in check and payment processing automation, has proudly announced a business partnership with Bit Builders, Inc., creators of the NextGen Digital Banking platform. The collaboration provides an industry-leading platform financial…
OrboGraph is featured on the cover of Enterprise World magazine Checks have become a leading target of fraudulent activity The story highlights OrboGraph’s powerful tools designed to fight check fraud We are pleased to announce that OrboGraph — along with its OrbNet AI and OrbNet Forensic AI — has been featured in The Enterprise World’s…
Source: Washington Post This proclamation comes from reporter Andrew Van Dam in a recent article from the Washington Post (reposted on MSN for those who are not subscribers to WP). In a few years, comically oversized foam-board novelty checks will be the last remaining evidence of a 20th-century icon, as the paper check goes the…
Over the past decade, the payments landscape has evolved rapidly. While there have been a variety of new payments introduced, checks still remain a major player for a variety of reasons, particularly in the USA. Payments Dive points out that, according to a recent report from the Federal Reserve Bank of Atlanta, the United States outranks…