Uncategorized
Balancing high throughput and low latency is essential for modern, AI-based check processing OrboAnywhere Turbo 6.0 boosts throughput while sharply reducing latency on existing hardware. Modern AI infrastructure with ONNX & NVIDIA GPUs enables real-time check recognition & fraud detection In a recent Medium blog post, banking transformation leader Amit Batra draws a sharp distinction…
Read More
Gen AI alters check amounts and names in seconds, with minimal prompts Generative tools scale fraud, rapidly creating large volumes of convincing counterfeit checks Multi-layered, AI-powered image and behavioral analysis best detects modern check fraud Way back in 2023, we wrote a post about how generative AI will be a major tool for fraudster to…
Read More
Check fraud losses continue to accumulate There are solid recommendations available to fight fraud Effective tools can be leveraged for protection As we near the end of 2025, many are wondering what the total losses will be from check fraud. While concrete numbers are not available, our friends at VALID Systems made a shocking prediction:…
Read More
Goldman Sachs CEO David Solomon argues AI enhances bankers’ productivity instead of eliminating jobs Higher productivity and business growth from AI encourage banks to hire more high-value, AI-skilled staff In check processing, AI boosts automated read accuracy above 99%, freeing staff for revenue-generating work It is no secret that, as society innovates and adopts new…
Read More
U.S. banks face surging, globally linked check fraud as paper payments remain prevalent AI-driven behavioral analytics and image forensics now underpin effective on-us and deposit fraud defenses Early adopters report over 90% loss reduction and fewer alerts with AI-based solutions North America’s financial landscape is marked by a surprising reliance on paper checks, a payment…
Read More
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.
Read More
On October 15, 2025, the payments industry lost one of its icons. Phyllis Meyerson was a 50-year payments and check-processing veteran, accumulating numerous professional certifications and making a lasting impact on the payments industry through her leadership and service. Phyllis was more than her professional achievements. She was known for her intelligence, her spirited nature,…
Read More
Fraudsters exploit the payee field to alter checks and avoid detection Techniques include check washing, digital editing, and adding extra payee names Banks can use AI tools to identify alterations and strengthen payee field security While check fraud tactics have drastically evolved over the past decade, it is easy to overlook that fact that the…
Read More
Fraud losses in Canada reached $643 million in 2024 New laws require banks to improve fraud prevention and consumer protections Financial Crimes Agency planned for 2026 to fight economic abuse and scams While check fraud makes the headlines in the US, we are not the only country that is heavily affected. In a recent announcement,…
Read More
Lawmakers urge delay in ending federal paper checks Vulnerable groups risk exclusion and fraud with digital-only payments The waiver process for paper checks is confusing and bureaucratic The US Government’s initiative to eliminate paper checks has met with more resistance than initially expected. While digital transactions are faster and safer, the question of accessibility remained…
Read More