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Checks are a storehouse of information for fraudsters Identity theft can be aided by check information There are steps consumers can take to avoid identity theft via checks In an overview of the ins and outs of check fraud, Experian points out that this type of fraud won’t necessarily impact your credit. However, they warn…
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A new YouTube video by Debra Richardson, who specializes in providing vendor process guidance to avoid fraud, fines, and bad vendor data, identifies a particularly pervasive form of check fraud called check baking. She explains that whereas “whitewashing” checks entails erasing and replacing information on a check, check baking involves taking a picture of a…
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In the ever-evolving landscape of technology, demand for processing power has grown exponentially — particularly in the realms of artificial intelligence (AI) and data analysis. Central Processing Units (CPUs) have long been the backbone of computing — particularly in banking. However, Graphics Processing Units (GPUs) have emerged as a game-changer, outshining CPUs in processing capabilities,…
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The US accounts for a huge percentage of global money laundering Online check fraud communities have contributed A very large percentage of money laundering cases go undetected Financial crimes encompass all payment channels for financial institutions. Unfortunately, many FIs still continue to silo different facets, including AML and check fraud. While this separation enables operations…
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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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The Payments Journal Podcast recently spoke to Tom Kleinsorge, Vice President of Global Software Sales at Euronet Worldwide, and Brian Riley, Director of Credit/Co-Head of Payments at Javelin Strategy & Research, about “the delicate balance traditional banks must strike to attract the new generation of banking consumers while keeping longtime loyal customers happy.” Neobanks have been disrupting the…
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Artificial Intelligence is major topic across all industries. We are seeing AI performing remarkable feats — everything from automating processes to creating new pieces of art. In contrast, there are those individuals who are utilizing AI for nefarious purposes. PYMNTS.com discusses how, the world of banking, AI offers the same sort of conundrum. While AI…
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Recently, Fred Williams — reporter and journalist for the Association of Certified Anti-Money Laundering Specialists (ACAMS) — reached out to several check fraud experts, including OrboGraph’s own Chief Strategy Officer, Joe Gregory. For those not familiar with the association, ACAMS is a leading international membership organization dedicated to providing opportunities for anti-financial crime (AFC) education,…
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Over the past decade, the payments landscape has evolved rapidly. While there have been a variety of new payments introduced, checks still remain a major player for a variety of reasons, particularly in the USA. Payments Dive points out that, according to a recent report from the Federal Reserve Bank of Atlanta, the United States outranks…
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Jerri Williams writes and podcasts about the FBI to “relive her glory days” Tim Gallagher, also a retired FBI agent, discusses “vintage check fraud” techniques Sending fraudsters to prison is a bit like sending them to get advanced degrees in fraud Jerri Williams, a retired FBI agent, author and podcaster who likes to joke that…
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