Modernizing Omnichannel Check Fraud Detection

With the holiday season upon us, it is important that we remain vigilant against fraudsters. Luckily, #FraudFighters continue to spread the word on scams and fraud through LinkedIn. Check out the latest posts: View the post on LinkedIn → View the post on LinkedIn → View the post on LinkedIn → View the post on…

Despite the “digital savvy” stereotype, younger consumers are biting on digital scams The younger demographic also hesitates to store purchasing info online The 18 to 59 group are 98% more likely to get burned by paper check fraud Here’s an interesting question: Which cohort is more likely to fall victim to online scams – “Generation…

Post Offices workers and mailboxes are being targeted by thieves Media has begun to report more incidents The United State Post Office is taking preventative steps Members of Congress and postal officials have been sounding the alarm regarding growing crime and outright assaults against mail carriers, and now their concerns are borne out by Postal…

As our newly launched #OrboIntelligence Check Fraud Hub makes clear, check fraud is widespread and getting more sophisticated. It’s more important than ever to be vigilant and aware of telltale signs of fraud. During the discussions at the Check Fraud Roundtable, participants noted that over the past few years, the industry has seen fraudsters change…

Adoption of digital banking was relatively slow at first The pandemic greatly accelerated digital banking Banks that don’t address fraud effectively lose customers If adoption of digital banking and commerce was tenuous as first, a good deal of restraint was discarded when the pandemic took hold and visiting banks in person became impossible. And, of…

#CheckFraud has been buzzing on LinkedIn coming off of Fraud Awareness Week — November 13-19, 2022. #FraudFighters across the social media platform continue to bring awareness to the growing problem plaguing consumers and financial institutions. Check out the latest posts on LinkedIn below: Check out the post on LinkedIn → Check out the post on…

Checks remain a prime fraud target There is a thriving underground market for “glass” checks Assaults and thefts have led to Congressional hearings, but negligible action by the Postmaster American news website Axios takes a look at the huge uptick in check fraud crime, particularly check washing and what is being called “mailbox fishing.” Thieves are stealing paper…

EMV cards use a smart chip instead of a mag stripe to store the data needed to process a transaction EMV has seen impressive results in terms of security and fraud prevention These results may be channeling fraudsters to checks EMV cards have much to tout when it comes to security and fraud prevention. EMV fraud…

International Fraud Awareness Week is November 13-19 There are no borders in the world of fraud, making it a truly international issue Fraud constantly evolves, and anti-fraud technology must keep up While prevention of check fraud is our mission year-round, we’re pleased to join The Association of Certified Fraud Examiners (ACFE) in observing International Fraud Awareness…