OrboNation Blog
Accelerated funds availability allows depositors to instantly access the money they deposit via check. That way, there’s no waiting period for the check to clear and no penalty if the check writer’s account has insufficient funds. An article at BAI Banking Strategies by Victoria Dougherty, director of Payment Management Solutions, Fiserv, opens by wondering why…
Read More
The Nashville Health Care Council is known for its groundbreaking mission trips to locations around the world in search of healthcare innovations. In 2019, Israel was the focus. Israel also happens to be OrboGraph’s technology center of excellence, along with the corporate headquarters of its parent company, Orbotech – a KLA Company. OrboGraph is also…
Read More
Is cash becoming an endangered species? And, if so, is that good? Mike Orcutt, an associate editor at MIT Technology Review, has written what he calls an elegy for cash at the MIT Technology Review site, and includes some points to ponder regarding whether the demise of cash could actually be a negative development, as…
Read More
You might imagine that only persons involved in high-end technical jobs are dealing with Artificial intelligence (AI), but it’s actually used widely in an array of industries. For example, in consumer cameras like the Sony A6600, AI aids in identifying specific faces and eyes in its follow-focus feature. AI plays a role in everything…
Read More
PaymentsJournal.com took a look at the world of corporate payments and listed nine things corporate treasurers can expect in 2020. This includes: a categorical rise of real-time banking (No. 1) explosive new records for the volume of payments managed by corporate treasurers (No. 3) a warning that fear of fraud and security breaches will increase…
Read More
A recent HealthLeaders Revenue Cycle Exchange event offered the opportunity for revenue cycle executives to voice their opinion on Artificial Intelligence solutions and the place AI and Deep Learning will occupy in future revenue cycle tech iterations. Lots of “rah-rah” for AI, right? Wrong! An article at HealthLeadersMedia.com paints a pretty bleak picture: “Meaningless,” “scary,”…
Read More
The Federal Reserve released the 2019 Federal Reserve Payments Study Executive Report on December 19, 2019. Based on 2018 compared to 2015, aggregate payment growth in “core noncash payments,” including debit card, credit card, ACH, and checks, were up as a whole by 6.7% representing an incremental 30.6 billion transactions valued at $97B! Comparing actual…
Read More
Imagine having a lingering cold and sore throat, and, after a quick visit to your primary care doctor for a throat swab and blood test, you get a bill for … $28,395.50 You read that correctly. Fortunately, the patient in question, Alexa Kasdan, was insured and it fell to the insurer to pay the bill…
Read More
In today’s world, abbreviations are utilized on a daily basis. Simple contractions such as “don’t”, “couldn’t”, and “we’ll” are all commonly used in the English language. In the banking world, abbreviations are most common in the date field, as many in society choose to abbreviate the year from 01/08/2020 to 1/8/20. Seems harmless, right? Maybe…
Read More
Real-time payments in the healthcare space, while catching on, are far from ubiquitous at this point. As reported by PYMNTS.com, barriers to real-time payment adoption remain, despite the benefits observed in other consumer-facing industries like insurance and financial services. The costs involved in implementing new services are among the top concerns for payment providers, of…
Read More