Skip to content

Uncategorized

Government Phasing Out Treasury Checks? Well, Not All…

June 12, 2025

An executive order eliminates payments by check This could present difficulties for senior citizens In the end, checks will likely persist On March 25, 2025, the administration signed an executive order entitled Modernizing Payments To and From America’s Bank Account. The Sec. 3. of the executive order details actions to take place, noting that: Effective September…

Read More

Jack Henry eBook: Turning Positive Pay Into Revenue Generation

June 11, 2025

Fraud prevention is more crucial than ever 40% of community bankers cite check fraud as one of the most common swindles Positive Pay is an invaluable tool in the fight against fraud As we’ve noted previously, the adoption rate of Positive Pay remains shockingly low. In fact, according to research from Alkami & Datos Insights,…

Read More

It’s Time to Make “Catch All Fraud” Detection Systems Obsolete

June 10, 2025

The “Catch All Fraud” system has been highly touted for years The results, however, are not acceptable The system is easily overwhelmed, which can be weaponized by fraudsters Despite being in operation for a decade, the “Catch All Fraud” detection system has failed to live up to its billing of successfully apprehending all fraudulent activity.…

Read More

Closing the AI Gap in Banking: Leveraging Low-Code and No-Code Platforms

June 5, 2025

AI is difficult for some bank to adopt The right strategy allows late-adopting banks to succeed A structured, enterprise-wide approach to AI deployment is crucial Despite the transformative potential of artificial intelligence (AI), we’ve seen many banks struggle to scale their AI initiatives beyond the proof-of-concept stage. As outlined in a recent post on BAI.org…

Read More

CPA Advisory Firm Herbien Takes on Check Fraud in their Latest Podcast

June 4, 2025

A new podcast episode explores check fraud Key elements of check fraud are examined Several best practices are recommended #FraudFighters do not just work for financial institutions or fintechs; they come from all different types of financial services companies — including accounting. Case in point: Herbein — a 50+ year old CPA advisory firm —…

Read More

Jack Henry & Associates: Check Fraud Tops Fraud Trends to Watch for in 2025

June 3, 2025

Fraud is evolving quickly There are five major fraud trends to watch this year Advanced fraud detection tools are crucial As financial technology continues to advance, fraudsters are finding new and sophisticated ways to exploit vulnerabilities and target financial institutions and their customers. A new Jack Henry Fintalk post takes a look at several key…

Read More

OrboNation Newsletter: Check Processing and Fraud – May 2025

May 30, 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.

Read More

Evolution from Tellers to Universal Bankers: A Work in Progress

May 29, 2025

The “Universal Banker” concept is still in development Declining branch traffic and digital banking growth have created need for universal banker approach Remote connections via video are one alternative The Financial Brand reports that, more than a decade after banks and credit unions began rebranding their tellers as “universal bankers,” the model continues to be…

Read More

Satire Speaks Truth: Fraud Technology Overhype vs. Real Innovation in Check Fraud Detection

May 28, 2025

Frank McKenna presents an AI company too good to be true Alas, it was published on April Fool’s Day The post is a reminder not to fall for “pie-in-the-sky” solutions Frank McKenna, author of the ever-entertaining Frank on Fraud blog, posted on April 1, 2025, about Fraudinator.com — a new AI company that promises to “eliminate…

Read More

Examining the “Hotspots” for Mail Theft/Stolen Checks

May 27, 2025

Mail theft is a major problem Postal keys are targeted Counterfeits, forgeries, & alterations must be detected before funds are lost Mail theft and mail carrier robberies are a major factor contributing to the rise in check fraud over the past half decade. Criminals know that within those familiar USPS blue mail boxes are hundreds…

Read More