Skip to content

Omnichannel

Paper Checks: Why Individuals Still Use Them

February 2, 2023

Digital payments are all the rage — convenient, quick, and accepted almost everywhere. However, Yahoo!Life reports that in GOBankingRates’ Best Banks 2023 survey of 1,000 Americans, they uncovered some counterintuitive results: 22% of respondents said they still write checks at least once a month. And surprisingly, of these respondents, the largest percentage belonged to those…

Read More

OrboNation Newsletter: Check Processing and Fraud – January 2023

January 30, 2023

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.

Read More

The Check is in the Mail: 2023 Tax Filing Season is Upon Us

January 26, 2023

Tax season has arrived, meaning checks will be going to and from the IRS Many file electronically, but a huge amount of refunds go out via paper check Personal checks are also mailed to the IRS and therefor become vulnerable Tax filing season is upon us, and that means — after a bit of frustration…

Read More

OrbNet AI: Applying Technology to International Markets

January 19, 2023

Artificial Intelligence has been making waves over the past decade, establishing itself as a technology that will revolutionize nearly all industries in some capacity. The average consumer exposure to AI, ironically, typically involves news covered in media like ChatGPT  — a chatbot launched by OpenAI which interacts with humans in a conversational manner — or…

Read More

Community and Small Banks: How to Increase Business Banking Relationships in the Age of Fintechs

January 5, 2023

Turns out community banks and credit unions can be proud of themselves: According to a recent Javelin study as reported at Jack Henry Fintalk, businesses that identify a community bank or credit union as their primary financial institution report far greater satisfaction than those using a larger bank. However, before smaller financial institutions break out the…

Read More

Ringing in the New Year: Community Banking Trends for 2023

December 29, 2022

2022 has been an eventful year for the banking industry. Banks have embraced technology and the digitization of banking — confirmed by Gartner Inc predicting that banks and financial firms boosted their technology products and services investments in 2022 to the tune of $623 billion. As we look forward to 2023, our friends at Alogent…

Read More

OrboNation Newsletter: The Best Articles from 2022

December 27, 2022

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.

Read More

Five Key Factors for Innovation Success in 2023

December 22, 2022

The Financial Brand marked the end of the year with a look at what they consider the top five innovation trends to look forward to in 2023. Innovation has become a critical component of business growth in the banking industry. Beyond creating the ‘next big thing,’ innovation includes the creation of value through new or…

Read More

Ernst & Young: How Are Banks Pacing for the New Wave?

December 15, 2022

At EY.COM, home of Ernst & Young Global Limited, Pratik Shah, EY India Financial Services Consulting Leader, and Harshvardhan Bisht, EY India Banking and Capital Markets Leader, explain that banks must evaluate and address the evolving needs of the consumers and maintain their trust in the banking system. The advent of the pandemic and the…

Read More

Slow Adoption of Payment Technologies by SMBs = Optimization of Current Payment Channels

December 9, 2022

Suppliers want quick reimbursement; buyers prefer slower payments Checks are popular among SMB buyers Faster payments actually mean cash flow gains It’s a quandary old as commerce itself: Suppliers of goods and services want access to their funds as quickly as possible — like, right now — while buyers, on the other hand, often look…

Read More