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Why We Can’t Just “Write Off” Paper Checks

May 1, 2025

Some pundits predict “the end of checks.” A Trump executive order has eliminated checks from federal government payments It is unlikely that the public in general will follow suit. “I think we’re probably rushing towards the point where checks just aren’t going to be a thing anymore.” This is a quote directly from a new…

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The Payments Podium Podcast: “Specialization” in Check Fraud Rings

April 30, 2025

Check fraud is discussed on The Payments Podium Some of the “specialized skills” need for check fraud are identified Many financial institutions struggle with rules and regulations that determine liability As has been made clear in this space many times previously, even in today’s increasingly digital world checks remain a surprisingly relevant – and vulnerable…

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Reasons for the Low Adoption Rates of Positive Pay

April 29, 2025

In spite of its effectiveness, Positive Pay is not yet adopted universally Adoption of Positive Pay is expected to increase over the next two years Positive Pay is an essential tool for check fraud detection, but cannot detect the majority of check fraud alone Positive Pay is an essential tool for check fraud detection. In…

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OrboNation Newsletter: Check Processing and Fraud – April 2025

April 28, 2025

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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AFP Survey: Despite Fraud Risks, Paper Checks Surged in ’24

April 24, 2025

The media claims “checks are dead” Reality shows checks surging Active check usage demands strong security What mainstream media is saying about paper checks: Washington Post – 2023: “Paper checks are dead. Cashing is dying. Who still uses them? ABA Banking Journal – 2024: “Is it time to kill the paper check?” Fortune.com – 2025:…

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Are U.S. Consumers Satisfied with Banks and Their Protective Measures?

April 22, 2025

Are consumers impressed with anti-fraud protections? A high percentage of customers are pleased with their banks Consumers reported losing more than $12.5 billion to fraud in 2024 One facet of fraud that gets overlooked is the consumer satisfaction factor. Anytime fraud is not detected, there is a victim — whether it’s an individual or a…

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Modernizing Banking Technology Through “Composability”

April 17, 2025

Modernizing tech presents a formidable challenge Sheer volume is a primary obstacle Many FIs face the issue by relying on outdated legacy technology In a recent discussion with BAI.org, Carlos Lopez, Strategic Initiatives Analyst at Jack Henry addresses the challenges financial institutions face when it comes to modernizing their technologies. As we all know, FIs…

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Check Payments Most Often Subjected to Fraud According to New 2025 AFP® Payments Fraud and Control Survey

April 16, 2025

AFP released their 2025 AFP® Payments Fraud and Control Survey. Reported fraud was a single percentage point down from 2023 FIs have invested more into fraud technologies, but there is still more work to be done Earlier this week, AFP released the results of their 2025 AFP® Payments Fraud and Control Survey. This report is an important…

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The “Fraud Front Line”: Three Focuses for FIs in 2025

April 15, 2025

Fraud is set to become even more challenging Advanced tech allows fraudsters to “flood the zone” Fraud prevention must be viewed as an investment, not just a cost center The fraud landscape is set to become even more challenging for banks and credit unions in 2025, according to Jim Houlihan, partner and principal consultant at…

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The Future of Open Banking Relies on Today’s Technology

April 10, 2025

Open banking is expected to grow rapidly Complex regulations are common worldwide Open banking can “dismantle silos” A recent post at Forbes.com points out that open banking is revolutionizing the financial services industry by enabling secure data exchange between banks and third-party providers. The European Union’s Revised Payment Services Directive (PSD2) has played a crucial…

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