Modernizing Omnichannel Check Fraud Detection

There are several security symbols on checks that can help detect fraudulent checks. These include microprinting, multi-colored backgrounds, and chemical reactive check stock OrboGraph’s upcoming Innovation Conference and Check Fraud Roundtable explore these issues, among many others A few weeks ago, we took a look at the re-emergence of check security symbols, noting that fraudsters…

FOX News recently covered the topic of check fraud The segment examined emerging techniques, including AI Some of FOX’s information requires clarification In a recent article, FOX News informs its readers on the dangers of check fraud, going through the basics of how it’s committed, while also explaining how AI is being utilized by fraudsters…

Have financial institutions waited too long to address check fraud? There has been a sharp increase in check fraud over the past two years A majority of bankers want regulators to outline clearer rules While various publications and other media point out the sharp increase in check fraud over the past few years, many industry…

“The Big Three” in check security are Paper, Ink, and Printing Security symbols are now making a comeback Treasury checks use symbols as well Only a few decades ago, physical security features on paper checks were a key component for detecting fraudulent checks. With a majority of paper checks flowing through tellers and back offices,…

The way people search for information has changed Grok AI’s knowledge is tested “Check fraud” research is getting easier and easier “Google it” has become a phrase synonymous with “look it up” in today’s society. And why not? It’s easy and convenient to find quick answers to questions you may have. To say the very…

A well-known fraud-fighter is hit with fraud The lesson: No one is immune from fraudsters Proactive identify protection is vital #FraudFighters has become a badge of honor in the industry. From industry experts to social influencers, it’s more important than ever to spread awareness of fraud and scams that are affecting business, financial institutions, and…

The USPS decision to dismantle the Postal Police has led to a rise in mail theft across the country. Mail theft has become an “epidemic” due to the lack of dedicated law enforcement. Large, organized crime groups are expanding their operations. The U.S. Postal Inspection Service (USPIS) was once a leader in preventing mail theft,…

Digital Banking provides many benefits Unfortunately, Digital Banking also introduces challenges There are three key areas to address when addressing this potential fraud avenue Jack Henry FinTalk features a post emphasizing that, while the shift towards digital banking has brought significant benefits, there have also been new challenges introduced when it comes to fraud prevention.…

Should the financial industry continue requiring fingerprints for check deposits? While effective, there are pros and cons attached to the practice Fingerprint technology introduces numerous hurdles Last week, OrboGraph’s own James Bi was guest speaker at Finovifi’s “Beyond the Vault” Webinar series, covering the check market, check fraud data and trends, and how FIs can…