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OrboNation Newsletter: Check Processing and Fraud – February 2023

February 27, 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.

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19% of Healthcare Insurance Claim Payouts Made by Check

February 24, 2023

In the digital era, we tend to think payments are all traveling via this or that payments app. However, the latest PYMNTS/Ingo Money collaboration, “Insurance Disbursements Brief 2022,” noted the surprising prevalence of paper checks used for healthcare claim payments or disbursements. As reported at PYMNTS.com: This is particularly key because healthcare disbursements represent the…

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Digital Banking Growth: Market Valuation Predicted to Exceed $13.5 Trillion by 2032

February 16, 2023

The growth and ubiquity of digital banking is good news for financial institutions, as digital banking availability and usage has been shown to drive customer loyalty and provide a host of other benefits. Fueled by the pandemic, digital banking is now the most popular method for users to perform their financial banking needs — from…

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Collaborating with Core Processing Providers & Fintech Critical for Banking Digital Transformation

February 9, 2023

Banks and credit unions recognize that they need to modernize Key to modernization is collaboration Product and data silos, outdated infrastructure, and a risk-averse culture are obstacles The Financial Brand cites a recent report from the Federal Reserve that delineates three types of digital banking experience partnerships being sought by banks and credit unions seeking to…

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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…

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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.

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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…

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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…

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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…

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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…

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