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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…
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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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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,…
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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…
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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,…
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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…
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Criminals exploit data silos AI and knowledge graphs are essential for future fraud detection Banks must merge fraud, AML data for true investigative intelligence The landscape of fraud detection in banking is rapidly shifting as financial institutions wrestle with increasingly sophisticated, multi-channel threats. Markus Hartmann, market intelligence expert at DataWalk, provides a forward-looking analysis of the trends…
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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…
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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…
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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…
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