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OrboNation Blog

The Advantages and Benefits of ATM-as-a-Service

December 19, 2024

ATMs are becoming more and more popular As such, banks need to incorporate them into their strategy Physical and digital channels require cutting-edge protective technology As banking continues its digital transformation, ATMs are becoming increasingly vital to a bank’s overall strategy. The article “ATM-as-a-Service: Exploring the Value and Players of This Newest ‘X-as-a-Service’ Offering” from…

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Staying Alert for the Newest Threat When Depositing Checks at the ATM

December 12, 2024

ATMs are a convenient way for many individuals to perform quick transaction — from withdrawing quick cash to depositing paper checks into their accounts. However, as many in the industry know, there are inherent risks when it comes to ATMs, including: Skimming Devices Expand Criminals sometimes attach hardware or overlays to card readers to capture…

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Check Clearing Fees Marginally Rise in 2025 FED Payment Services

December 5, 2024

The Federal Reserve’s has announced ’25 pricing for payment service Check pricing fees will rise marginally at approximately 10% across different services Checks will continue to play a major role in both volume and revenue In the ever-changing world of banking and finance, the Federal Reserve’s recent announcement of 2025 pricing for payment services highlights…

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OrboNation Newsletter: Check Processing and Fraud – November 2024

November 26, 2024

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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How Trump’s Administration May Affect Payments Policies

November 21, 2024

The Payments industry is anxious to see changes Trump will bring The CFPB may narrow its scope Will Trump address paper checks? The election of Donald Trump as President will have a significant impact on the payments industry, reports Payments Dive. His administration will have the opportunity to revamp federal government approaches to emerging payments…

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Intelligent Banking and the Future of Finance: Forbes’ Insights on Digital Transformation

November 14, 2024

Banks that do not evolve will likely fail Job One is to keep up with the currect digital transformation “Intelligent interactions” represent the future of banking Derek White, the CEO of Galileo, a fintech pioneer with over 20 years of experience modernizing financial services globally, recently contributed his thoughts via Forbes regarding how to “future-proof”…

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Farmers Contribute $203B to US GDP — Mostly Paid by Checks

November 7, 2024

Farmers have, by necessity, a unique relationship with paper checks They also wait days, if not weeks, for paper checks to clear End-user education is a crucial approach In a new blog post and video, PYMNTS points out that “the only thing bigger than the agriculture sector’s contribution to daily sustenance could be its reliance…

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The “Open Banking Era” Begins as Financial Data Rights Rule Finalized

October 31, 2024

CFPB has finalized a transformative open banking rule under the Dodd-Frank Act The rule allows consumers to control their financial data and share it with third-party service providers Compliance will roll out in phases based on institution size As we noted previously, Open Banking is a hot topic for financial institutions. It allows consumers to share…

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OrboNation Newsletter: Check Processing and Fraud – October 2024

October 28, 2024

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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Check fraud detection

Reinventing Banking Podcast: “Behavior” A Major Factor for Check Usage

October 24, 2024

Paper checks have not disappeared There is an element of nostalgia in check usage Removing $1 trillion in checks is highly unlikely For those in the industry, the notion that checks are going away has all but dissipated. Mainstream media has recently tried to capitalize on the sentiment, but they continue to rely on high-level…

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