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Faster payments can actually increase fraud risk Banks must focus on education and building trust Instant payment apps bring new scam risks Banks and financial experts often advocate for moving consumers to faster payment systems-such as real-time transfers or instant payments-to combat check fraud. The reasoning is that current data show faster payments like FedNow…
ITMs offer a spectrum of self service features Banks are able to extend their availability via ITMs Tellers are available via video banking, offering customer support The ongoing transformation of branch banking, fueled by the rise of Interactive Teller Machines (ITMs), is reshaping how financial institutions engage their customers in an increasingly digitized environment. In…
The value of stolen checks in the “black market” has gone down substantially This is due to a massive “oversupply” of available stolen checks Plummeting prices may also be a result of lower ROI on stolen checks Just a few years ago, stolen checks were considered premium commodities in the criminal underworld. As noted in…
Check fraud attempts remain high Claims of 90% check fraud detection rates across the industry are likely too high Technologies like pattern recognition and machine learning significantly reduce check fraud Check fraud continues to make headlines, but the true impact-and the relative effectiveness of prevention measures-are often misunderstood. A recent LinkedIn article, “Check Fraud: How…
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.
It is with heavy heart that we announce the passing of Phyllis Meyerson, a cherished friend of OrboGraph and a highly respected member of the check community, on October 15, 2025. Phyllis will be fondly remembered by her friends and colleagues for her intelligence, spirited nature, and generosity. She consistently remained true to herself and…
The Milwaukee Business Journal hosted a Table of Experts to explore Check Fraud While the number of checks has gone down, their individual value has gone up A.I. is growing more and more integral to spotting fraud During the most recent Milwaukee Business Journal’s “Table of Experts” discussion, a group of industry experts gathered to…
Check deposit fraud is rising, with criminals targeting business accounts. Bank branches see most check fraud due to less staff training Better training and AI are key to stopping check fraud Check fraud is on the rise across the United States, with metro areas emerging as key hotspots. The main reason is the concentration of…
There are roadblocks to innovation in the banking industry Negatives can be turned to positives One way to deploy new technologies is working with new vendors Innovation in the banking sector faces persistent roadblocks that hinder transformation and progress, as explored by Paweł Stężycki in Netguru’s insightful article “Seven Barriers To Banking Innovation and How…
Gen Z is becoming recognized as a prime fraud target A quarter of Gen Z fraud victims do not report incidents Financial institutions have stepped up educating their customers WebWire’s report on the latest Barclays Scams Bulletin has revealed a worrisome trend among Gen Z: A striking 35% of young adults would be willing to…