Modernizing Omnichannel Check Fraud Detection
OrboGraph is featured on the cover of Enterprise World magazine Checks have become a leading target of fraudulent activity The story highlights OrboGraph’s powerful tools designed to fight check fraud We are pleased to announce that OrboGraph — along with its OrbNet AI and OrbNet Forensic AI — has been featured in The Enterprise World’s…
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Source: Washington Post This proclamation comes from reporter Andrew Van Dam in a recent article from the Washington Post (reposted on MSN for those who are not subscribers to WP). In a few years, comically oversized foam-board novelty checks will be the last remaining evidence of a 20th-century icon, as the paper check goes the…
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Checks are a storehouse of information for fraudsters Identity theft can be aided by check information There are steps consumers can take to avoid identity theft via checks In an overview of the ins and outs of check fraud, Experian points out that this type of fraud won’t necessarily impact your credit. However, they warn…
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A new YouTube video by Debra Richardson, who specializes in providing vendor process guidance to avoid fraud, fines, and bad vendor data, identifies a particularly pervasive form of check fraud called check baking. She explains that whereas “whitewashing” checks entails erasing and replacing information on a check, check baking involves taking a picture of a…
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The US accounts for a huge percentage of global money laundering Online check fraud communities have contributed A very large percentage of money laundering cases go undetected Financial crimes encompass all payment channels for financial institutions. Unfortunately, many FIs still continue to silo different facets, including AML and check fraud. While this separation enables operations…
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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.
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Artificial Intelligence is major topic across all industries. We are seeing AI performing remarkable feats — everything from automating processes to creating new pieces of art. In contrast, there are those individuals who are utilizing AI for nefarious purposes. PYMNTS.com discusses how, the world of banking, AI offers the same sort of conundrum. While AI…
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Recently, Fred Williams — reporter and journalist for the Association of Certified Anti-Money Laundering Specialists (ACAMS) — reached out to several check fraud experts, including OrboGraph’s own Chief Strategy Officer, Joe Gregory. For those not familiar with the association, ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education,…
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There is no single solution for check fraud detection Each solution plays a key, integrated role in check fraud detection Utilizing complementary technologies provides the most comprehensive check fraud detection strategy Financial institutions are in the unenviable position of taking on the brunt of check fraud. While, in an ideal world, banks could partner with…
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Jerri Williams writes and podcasts about the FBI to “relive her glory days” Tim Gallagher, also a retired FBI agent, discusses “vintage check fraud” techniques Sending fraudsters to prison is a bit like sending them to get advanced degrees in fraud Jerri Williams, a retired FBI agent, author and podcaster who likes to joke that…
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