Modernizing Omnichannel Check Fraud Detection

Check fraud scams are nothing new Fidelity is being targeted for deposit fraud A multi-layered tech strategy is important in stopping deposit fraud Over the past few weeks, fraud professionals  have closely followed the “Infinite Money Glitch” — a viral trend that brought check kiting back into the spotlight. And, as an industry leader in…

What hurts more than stepping on a bunch of LEGO blocks while barefoot? Hearing that a charitable organization has fallen victim to a scammer. Unfortunately, no one is off limits to fraudsters — not even charities. While many would think that the fraudsters would imitate a charity to steal funds for donators, there are fraudsters…

Check fraud continues to be a threat The Wespay 2024 Payments Symposium offered valuable insight “Breach of Warranty” determinations present a problem This past week OrboGraph’s own James Bi,  Marketing Manager and Check Fraud Detection Specialist, was in attendance at the Wespay 2024 Payments Symposium. In addition to his presentation: Check Fraud in 2024: Are…

Public Service Officers play a key role in stopping check fraud There are specific items they can and should look for when supervising offenders Garbage is not off limits In the fight against check fraud, public service officers are often overlooked — even as they play a crucial role to stopping fraudsters. Financial institutions are…

Check Fraud and the rise in Mail Theft are directly correlated FinCEN Analysis shows $688M in check related SARs reported in a six month period following their alert (February to August 2023) Image forensic AI is key to identifying counterfeits, alterations, and forgeries The correlation between the increase in mail theft and rising check fraud…

TikTok sometimes allows poor advice to be posted The “Infinite Money Glitch” is one such example — encouraging check fraud There are several different methods banks can use to detect this sort of fraud TikTok trends are all the rage now. While YouTube remains the leader for content created by individuals, many are addicted to…

NICE Actimize shares tips for fighting check fraud Technology plays key role in check fraud detection Banks are shifting from competitors to collaborators while tackling challenges Brian Keefe, Senior Pre-Sales Consultant at NICE Actimize, shares some advice for combating check fraud in the financial industry. Via “Q&A” format, Keefe highlights the ongoing threat posed by…

Fraud attacks of many types are on the rise Merchants are reporting huge fraud impacts A shift from operational costs to improving customer experience and mitigating payment fraud is evident While our blog’s main focus is the checks payment channel, it’s worth taking a look at other payment channels and their fraud trends — particularly…

The internet is buzzing this morning with news that Telegram CEO Pavel Durov was arrested in Paris. According to APNews: Durov was detained in France as part of a judicial inquiry opened last month involving 12 alleged criminal violations, according to the Paris prosecutor’s office. It said the suspected violations include complicity in selling child…