Modernizing Omnichannel Check Fraud Detection
Zelle is not popular with all banks Zelle transaction costs are higher than that of checks “Old habits and practical advantages” keep checks relevant A recent article in Banking Dive explores why many small banks are hesitant to join Zelle, the popular peer-to-peer payment platform owned by a consortium of seven major U.S. banks (including…
A new weapon against financial crime has emerged CI-FIRST was launched this year to aid banks in sharing information Greater clarity, improved feedback, and a higher standard of communication are promised In the ongoing battle against financial crime — particularly check fraud — new initiatives and systems are promising to reshape an industry that has…
Burlington, MA, September 8, 2025 – Quinte Financial Technologies, a trusted partner helping banks and credit unions thrive in the digital age with intelligent domain-driven automation and cloud-based solutions and OrboGraph, a leading provider of AI-powered check fraud detection and image recognition solutions, today announced a strategic alliance to deliver an advanced, end-to-end check fraud management…
Check fraud is growing and becoming more sophisticated Consortiums provide faster, more comprehensive risk analysis. A layered approach combines consortium data with advanced fraud prevention tools In today’s banking environment, the threat of check fraud is growing rapidly, fueled by a deluge of data and ever-evolving criminal schemes. Financial institutions (FIs) face mounting pressure as…
There is more concern about real-time payments than the data justifies Adoption of RTP has been slow thus far Nevertheless, many believe RTP will eventually replace check payments When it comes to payment fraud, fear and reality aren’t always aligned-a fact highlighted in the August 2025 report from PYMNTS Intelligence and The Clearing House, “Fact…
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
Fraud fears are slowing real-time payment adoption despite lower actual fraud rates. Most RTP fraud incidents are minor, thanks to modern detection systems. Advanced AI tools are making RTP safer and boosting confidence in adoption. Widespread anxiety about fraud is hindering the full-scale adoption of real-time payments (RTP) in the U.S., according to a recent…
“Money mules” are a much-used tool in fraud operations “Mule operators” are evolving along with technology Behavioral analytic systems are key for detection mule activity Money mules are a major component of fraud operations of organized crime rings. From opening legitimate accounts at financial institutions to depositing and extracting funds, they can be characterized as…
Social media is promoting a “deposit hack” This “deposit hack,” unfortunately, is simply check kiting Consumers must be careful about financial advice via non-credentialed sources Social media is known for resurrecting old trends, bringing nostalgia to the older generations and exposing them to the newer generations. Unfortunately, social media appears to be resurrecting some old…
A Valid Systems webinar explores Fighting Check Fraud in Real Time Session guests include Frank McKenna (FrankonFraud), Ronald Praetsch (About Fraud), La Shonna Sharp and Nickolas Ledford (VALID) Positive Pay can be “supercharged” for increased effectiveness Among those in tune with the check fraud landscape, there are some who strongly advocate Positive Pay as the…