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What is a rules engine? Utilizing a rules engine for check fraud detection Identifying use cases for rule engines in check fraud The importance of having a multi-layered technology approach to check fraud cannot be overstated. It’s crucial to integrate myriad technologies — such as transactional/behavioral analytics, image forensic AI, consortium data, dark web monitoring,…
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Commercial mail is predicted to play a more prominent role in the delivery ecosystem State-level attention to postal security is not as effective as federal mail theft laws Changes to mail logistics under the Postal Service’s 10-year plan are raising concerns about delayed delivery to rural areas Since the pandemic, the post office has garnered…
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Not long after we heard news that Apple has taken advantage of “open banking” in the UK to introduce a new feature allowing customers to connect eligible debit and credit cards in their Apple Wallet, Fintech Futures reports that US-based software provider Oracle has made two significant deals in 2024. The first major deal is…
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Rob Rendell, Global Head of Fraud Market Strategy & Fraud Prevention – Subject Matter Expert at Nice Actimize, offers a detailed overview of First-Party Fraud and Mule Activity, two unnervingly popular scam methodologies. First-party fraud (FPF) is when the fraudster doubles as a customer. Fraudsters will open accounts for the specific purpose of executing their…
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Predictive Intelligence has emerged as a valuable tool against fraud Even with many new payment methods available, checks remain popular fraud vehicles Predictive Intelligence anticipates the risk of fraudulent payments Payments Journal reports that Predictive Intelligence has emerged as a valuable tool for financial institutions in their efforts to mitigate fraud attacks on payments. Unfortunately,…
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Massive feature expansion delivers improved detection with reduced false positives Burlington, MA, March 11, 2024 – OrboGraph, a leading provider of check fraud detection and image recognition solutions, is excited to announce general availability of their new OrboAnywhere Sherlock 5.3 Release. Sherlock 5.3 provides a powerful list of new weapons which will assist financial institutions…
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Writing checks may seem antiquated. However, there are many advantages, including having a paper trail for your payment and the “buffer” time from sending to depositing. Here’s another advantage that comes from making sure people are comfortable using checks that you may not have considered: Checks can actually make you …. smarter. Well, it’s specifically…
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Frank Albergo, National President of the Postal Police Officers Association, recently reposted via LinkedIn an item found by David Maimon, Professor at Georgia State University and Head of Fraud Insights at SentiLink. As Mr. Albergo relates: Crime evolves and criminals adapt. Obviously mail thieves want to avoid detection and arrest. A United States Postal Service letter…
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CNN reports that the US Treasury Department has begun using artificial intelligence — or AI — to detect fraud and recover funds, adopting techniques already widely used in the private sector. Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned. The strategy mirrors…
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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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