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Another new report sees fraud growing Complexity of fraud has increased as well Cost has become the main obstacle in defending against fraud FeatureSpace — creator of Adaptive Behavioral Analytics, Automated Deep Behavioral Networks and ARIC Risk Hub, the most powerful and open technology to combat fraud and financial crime — just released a…
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As a global leader in check fraud detection and prevention, we at OrboGraph understand the growing concerns credit unions have regarding check fraud. With various fraudulent schemes continually adapting, it’ss essential for credit unions to keep up with the latest techniques and measures in detecting and combating check fraud. As senior executives in the fraud…
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Not long after we saw Elon Musk’s X (ex-Twitter) make moves into payments, Visa has successfully completed its acquisition of Pismo, a global cloud-native issuer processing and core banking platform, for $1 billion in cash. Earlier reports said Visa was competing with at least one other firm to acquire Pismo. The collaboration aims to offer clients…
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Bank check fraud continues to be a significant concern for financial institutions in an increasingly digital age. The resurgence of this threat underscores the importance for banks to re-examine their processes and strategies to more effectively protect themselves and their customers. As a global leader in the field of check fraud detection and prevention, we…
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Financial organizations faced significant fraud losses in 2023 A majority of survey respondants report fraud attacks have increased or remained the same 23% of respondents saw a decrease in fraud attacks Alloy — a identity risk management platform for financial companies — has recently published its 2024 State of Fraud Benchmark Report, revealing meaningful losses…
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Some banks offer “extra protection” against fraud for a monthly fee Bank customers are responsible to report suspicious activity within a short period of time “This is not a fraud mitigation program; this is a screw the bank customer program” A recent report by Melissa Andrews was cited on LinkedIn by Frank Albergo, National President…
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The new BAI Executive Report, entitled Safeguarding Against Fraud, offers a look at the current state of fraud and the ways financial institutions can protect themselves and their clients. One thing is for sure: It’s not getting any easier. Ever faster and smarter technology — like nearly instantaneous money transfers and the popularization of artificial…
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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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Elon Musk, who now owns Twitter (rebranded as X), plans to launch a peer-to-peer payments feature on the platform in 2024. Musk said he expected payments to launch by mid-2024 pending regulatory approvals from states. Approvals from California and New York are seen as particularly important for the payments launch. Back in April of 2023,…
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As leaders in the field of bank check fraud detection and prevention, we understand how crucial it is for banks to protect their assets and customers. Given the evolving methods of fraudsters, banks must be equipped with the latest technology to stay ahead and maintain security. In this article, we’ll discuss the top five essential…
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