Modernizing Omnichannel Check Fraud Detection
There are common fraud tactics to look out for Check fraud is on the increase Consumers can stop fraud by being aware of certain telltale signs While many of our blogs take an in-depth look into different topics and trends surrounding check fraud, it’s important to remind ourselves of the various types of check fraud…
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Michael Hsu backs FDIC’s proposal for increased scrutiny of bank mergers surpassing $100 billion Legacy systems in banking pose vulnerabilities that can be exploited by hackers during mergers Larger financial institutions are more reluctant to adopt open banking Mergers & acquisitions are commonplace in the banking. Whether it’s two financial institutions looking to strengthen their…
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The United State Secret Service also investigates financial crimes Check fraud detection used much different methods in the 90s Check fraud is on the rise, but so is the effectiveness of AI tech designed to detect and prevent it Some may be surprised to see the Secret Service mentioned in conjunction with financial crimes. Don’t…
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Check fraud is on the rise in the US Fraudsters have many methods at their disposal Direct engagement between banks and customers can help reduce fraud In an article at Refine Intelligence, Daniel Shkedi, Head of Product Marketing & Strategy at Refine Intelligence, opens with a flashback: Late one restless night in 2023, I found…
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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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A new cooperative effort to combat check fraud is announced An infographic provides a great overview Collaboration is the key to success The American Bankers Association and the U.S. Postal Inspection Service have announced a cooperative effort to combat check fraud, kicking off the partnership with a rather extraordinary new infographic designed to educate consumers about what they can…
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OrboAnywhere Sherlock 5.3 Release blends consortium and dark web monitoring with image forensics Burlington, MA, March 26, 2024 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, has won the prestigious AI Excellence Award in the Hybrid Intelligent Systems category for significant contributions to enhancing check fraud detection capabilities…
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The rise in check fraud surprises some Instant payments are an alternative, but many people do not use them The public is becoming more aware of fraud and how to avoid it Over the past few years, the Independent Community Bankers of America (ICBA) has been on the forefront of taking on check fraud. Last…
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What is a rules engine? Utilizing a rules engine for check fraud detection Identifying use cases for rule engines in check fraud The importance of having a multi-layered technology approach to check fraud cannot be overstated. It’s crucial to integrate myriad technologies — such as transactional/behavioral analytics, image forensic AI, consortium data, dark web monitoring,…
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Commercial mail is predicted to play a more prominent role in the delivery ecosystem State-level attention to postal security is not as effective as federal mail theft laws Changes to mail logistics under the Postal Service’s 10-year plan are raising concerns about delayed delivery to rural areas Since the pandemic, the post office has garnered…
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