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Modernizing Omnichannel Check Fraud Detection

FRAUD MAGAZINE: A Must Read

January 28, 2020

Fraud techniques are evolving and check fraud is often intertwined with other types. Anyone involved in fraud detection and prevention needs to stay up-to-date, and Fraud Magazine offers some useful information.

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Checks Lead in Payments Fraud Despite Volume Decline

January 16, 2020

2019 Federal Reserve Payments Study Reports 16B Checks Written It’s back! The 2019 Federal Reserve Payments Study, provides us new insights and metrics for the payment industry: Less Paper, More Fraud Attempts, More Fraud Drilling down to checks, we see that the estimated volume of 16B checks written may have declined by 7.2%. However, read…

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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…

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Catching the Check Fraud Perpetrators

January 8, 2020

As fraudsters continue to evolve their tactics, it is important to understand what acts of fraud are being committed and what actions banks are taking in order to combat fraudsters. These real-life examples provide much needed clarity into not only the acts of frauds, but also the types of perpetrators and their situations. From the…

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How to Execute a POC for Image Analysis

December 16, 2019

Check fraudsters are getting technologically sophisticated; Many bank fraud legacy detection systems are hopelessly out-matched; Proof of Concept is vital to the success of even the newest tech

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20 Heavy Hitting Questions Posed by Fraud Analysts

December 11, 2019

20 technical questions around fraud detection and models; complicated fraud scenarios must be well defined; AI and machine learning are effective, but multi-model approaches will outperform single models

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A Classic Check Fraud Scheme Targeting… Millennials?

December 4, 2019

While instant payment channels grow and multiply by the day, fraudsters remain interested in check fraud as a “reliable” form of illegal income.
Let’s look at the classic Fake Check fraud scheme, which has not lost popularity in spite of the growth of other payment channels.

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Media Coverage of Real Time Payments Can be Complicated

December 3, 2019

The FedNow Service, the Federal Reserve’s planned faster payments service, promises to have a positive impact on the speed with payments are processed. As the FED navigates their way toward a solution, The Clearing House continues to promote RTP (real-time payments). But the path to a world of real-time, integrated payments is not an easy…

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A Texas Bank’s Perspective on Why Check Fraud is Back

November 26, 2019

Learn more about how as a by-product of EMV, check fraud rebounded, how market research provides many insights and learn more on how the majority of fraud professionals cite a need for tech investment to fight fraud.

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Why Image Analysis is Used in Modernized Check Fraud Detection

November 21, 2019

Identify problematic use cases,
check fraud evolution, using independent data sources improves fraud predictions

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