Payments
Even though we’ve just met, no one is standing on ceremony with “Charles,” or even “Charlie.” Nope – it’s CHUCK™ right out of the gate. CHUCK is an open network for instant payments, created by a consortium of community banks. American Banker reports that “more banks will roll out their version of CHUCK in the…
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.
In what might very well become an industry standard practice, Bank of America (BAC) is the latest major financial institution to announce that it is ending fees for insufficient funds. They also plan to cut overdraft fees from $35 to $10. These new policies go into effect in February. CNN Business Reports “Bank of America said that once all…
As we start off the new year, an article from the American Banker highlights seven bank trends to watch in 2022. The key, according to their analysis, is providing ultraconvenience to customers. As you take a look at the list below, we strongly recommend you compare the trends to your bank’s plans for the new…
The COVID-19 pandemic has impacted almost every facet of the lives of individuals, as well as how business operates. This also includes how payments are made. With businesses shuttering offices and many millions of jobs moving to hybrid or fully remote positions, the way individuals and businesses make payments for goods and services has changed…
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.
We live in a world where pretty much everyone carries a phone in their pocket that is capable of instantaneously sending and receiving digital payments, virtually eliminating the need for paper money or checks. So, checks should be an artifact of the past — something you have to explain to a checkbook-oblivious younger generation, like…
As the final days of 2021 wind down, we’d like to thank all our partners and clients for supporting OrboGraph in a record breaking year. Also enjoy our holiday video below! Season’s Greetings! The OrboGraph Family
If you are a reader of American Banker, you may have come across “Leaving the ‘numbing’ tasks to machines” (fear not, you can access the article free through a guest account.) The article addresses a common misconception that automation — and the underlying technology such as Artificial Intelligence and Machine Learning — is here to…
In his FinExtra Blog, Dmitry Dolgorukov, the CEO of GiniMachine, takes a look at the newest trends and tech that the industry will need to be aware of ASAP in order to remain competitive. Back when we first heard of Bitcoin in 2009, many brushed off the cryptocurrency as just a new fad, refusing to…