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Bank Branch Dynamics: Expanding Physical Foot Print to Enhance Customer Service

May 22, 2025

Physical banks were once widespread and expanding quickly Bank of America continues to invest in physical branches Customers value “speaking to a human” Only a couple of decades ago, financial institutions across the US were aggressively expanding their physical footprint, opening branches in new territories AND increasing more branches in locations to make it more…

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Did 90’s Disney Movie “Blank Check” Glamorize Check Fraud?

May 21, 2025

Revisiting a film glamorizing check fraud An adolescent leaves a bank with $1 million in cash Fortunately, is virtually impossible for this scenario to occur today When thinking of a film glamorizing check fraud, most instantly think of the hit film Catch Me If You Can, directed by Steven Spielberg and featuring A-listers Leonardo DiCaprio…

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Former Scammer Details How He Learned to Perform Check Fraud from Behind Bars

May 20, 2025

BMG is a former scammer and current YouTuber He was able to learn fraud methods while incarcerated He now passes along fraud techniques to help potential victims protect themselves A factor that we commonly bring up when discussing fraudsters is their willingness to teach each other the tips and tricks needed to commit check fraud.…

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7 Key Factors for Successful Banking Platform Modernization

May 15, 2025

Outdated back-end systems drive up costs New tech must take into account legacy systems 91% of businesses still use checks regularly We’ve said it before, and we’ll say it again: Platform modernization is a critical priority for banks, driven by competitive pressures and the need for greater efficiency. However, these transformative programs are fraught with…

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Feedzai Report: 90% of FIs use AI to Fight Fraud and Financial Crime

May 14, 2025

A new report states that 60% of fraudsters are using GenAI in scams Fighting fire with fire, an overwhelming majority of FIs use AI AI has presented measurable benefits We’ve all heard the buzz around AI and its potential for fighting fraud — including check fraud. Well, FIs have put it into action. According to…

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Rules Engine: Balancing Check Fraud Detection and Customer Experience

May 13, 2025

Fighting fraud requires a delicate balance Despite digital payments, checks remain a valid form of payment Rules engines play a key role in detecting and preventing fraud In a recent ATM Marketplace podcast, Bradley Cooper spoke with Scott Fieber, Chief Strategy Officer at Cook Solutions Group, and Austin Smith, Director of Product Development at Cook…

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technical lady

Modernizing Payments Back-Office Crucial for Survival

May 8, 2025

Modernizing back-office systems is now vital Outdated systems are harder to maintain A rapidly evolving industry means FIs need to keep up BAI posted an article that first appeared at greensheet.com, discussing the fact that financial institutions must prioritize modernizing their payments back-office to stay competitive and defend against fraud. We see in report after report…

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Product Innovation Briefing: OrboGraph Releases OrboAnywhere Turbo V6.0

May 8, 2025

New AI infrastructure optimized for speed and latency with improved check fraud detection Burlington, MA, May 8, 2025 – OrboGraph, a leading provider of check fraud detection and image recognition solutions, is excited to announce the general availability of their new OrboAnywhere Turbo 6.0 release. The release is focused on speed, efficiency, and modernization of…

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$50M Check Fraud Case Highlights the Major Threat of Organized Crime Rings

May 7, 2025

Four men have been accused of check fraud crimes “A massive, multi-million dollar scheme” They face 30 years in prison if convicted In a shocking case of financial fraud, four men have been accused of stealing checks from the mail and cashing in over $50 million by altering the names and dollar amounts. This massive…

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FBI’s 2024 Internet Crime Report (IC3): $16.6 Billion in Fraud Losses for Individuals

May 6, 2025

The FBI’s latest report reveals a substantial increase in internet crime Though digital scams are popular, checks are still targeted Fraudsters are “equal opportunity” thieves, though elderly are heavily targetted The FBI’s Internet Crime Complaint Center (IC3) has released its latest annual report, detailing a significant increase in internet-enabled crimes in 2024. The report distills…

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