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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…
Read MoreGoFundMe can be a wonderful tool to help people As expected, fraudsters have targeted this tool As last line of defense, banks need to be aware of this threat Our Modernizing Check Fraud Detection blog allows readers to access myriad topics — from trends and reports to the latest innovations for check fraud detection. However,…
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James Bi of OrboGraph was a recent guest on the Wespay Payments Perspective Podcast The primary topic was how mobile deposit is leveraged by fraudsters Investment in tech is vital, as fraudsters are constantly evolving their techniques It is not a stretch to say that fraudsters LOVE technology — particularly when it comes to banking.…
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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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“Deepfakes” are emerging as a threat Detection of deepfake material is getting harder and harder “It’s more important than ever to have a multi-pronged anti-fraud strategy.” As artificial intelligence (AI) technology continues to advance, a new type of media manipulation known as “deepfakes” poses significant challenges for businesses, governments, and individuals. Deepfakes use machine learning…
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Financial institutions should take advantage of today’s advanced communication modes Attention to digital channels has left check security on a “lower tier” A multi-layered tech approach is the answer Over the past few years, OrboGraph’s Marketing Manager and Fraud Detection Specialist, James Bi, has traveled across the US speaking at various banking industry and payment…
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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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Check fraud is being addressed by the Federal Reserve Their system, however, is only effective with checks processed through the Federal Reserve The best solution detects fraud activity across the entire check ecosystem Earlier in 2024, we took a deep dive into two tools from the FED to combat fraud: FedPayments Reporter for Check, which enables…
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Check fraud has continued to grow Emphasis on digital channels left checks relatively unguarded Technology & collaboration are key to meeting the check fraud challenge As we near the end of 2024, It’s important for financial institutions to reflect upon what has occurred during the past 11 — soon to be 12 — months, and…
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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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