OrboNation Blog

Fed reverses course, again accepting penny deposits at all commercial coin distribution centers Limited penny deposits stranded banks with surplus coins, storage issues, and higher handling costs The penny situation largely follows the same trajectory as paper checks Back in February 2025, The Trump administration announced plans to end penny production with the Treasury Department…

A new study tracks how fintechs are reshaping partnership strategies with credit unions The data indicate rising fintech‑credit union alignment Credit unions are pursuing third‑party innovation rather than building everything internally Fintechs are increasingly turning toward community banks and credit unions, and the fastest way to bring those innovations to market is through the core and item‑processing…

Automation streamlines efficiency and the customer experience A whopping 76% of banks have not just invested, but implemented new automation tech AI/ML technologies enabled banks to achieve 99% read rates and 99.5%+ accuracy For financial institutions, automation has been a key goal for decades. Not only does it increase operation efficiency, but it streamlines the…

Emerging technologies now power modern, scalable bank payment stacks APIs and events enable real-time routing, pricing, and settlement decisions Payments modernization aligns efficiency, revenue, experience, and integrated fraud and risk controls The PaymentsJournal article “How Emerging Technologies Are Powering the Modern Payments Stack,” by Wesley Grant, explains why modernizing payments infrastructure has become a strategic…

Balancing high throughput and low latency is essential for modern, AI-based check processing OrboAnywhere Turbo 6.0 boosts throughput while sharply reducing latency on existing hardware. Modern AI infrastructure with ONNX & NVIDIA GPUs enables real-time check recognition & fraud detection In a recent Medium blog post, banking transformation leader Amit Batra draws a sharp distinction…

On October 15, 2025, the payments industry lost one of its icons. Phyllis Meyerson was a 50-year payments and check-processing veteran, accumulating numerous professional certifications and making a lasting impact on the payments industry through her leadership and service. Phyllis was more than her professional achievements. She was known for her intelligence, her spirited nature,…

Lawmakers urge delay in ending federal paper checks Vulnerable groups risk exclusion and fraud with digital-only payments The waiver process for paper checks is confusing and bureaucratic The US Government’s initiative to eliminate paper checks has met with more resistance than initially expected. While digital transactions are faster and safer, the question of accessibility remained…

ITMs offer a spectrum of self service features Banks are able to extend their availability via ITMs Tellers are available via video banking, offering customer support The ongoing transformation of branch banking, fueled by the rise of Interactive Teller Machines (ITMs), is reshaping how financial institutions engage their customers in an increasingly digitized environment. In…