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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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Rob Loethen takes a walk down nostalgia lane on the Jack Henry Fintalk web page, remembering a life-changing tool introduced when he was in grade school: I remember when my dad bought our family’s first calculator. It was from Texas Instruments, and the numbers glowed red as you entered your simple mathematical task. I thought…
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AI and online resources have made fraud easier than ever Smaller financial institutions fear they lack resources to defend their customers Jack Henry FinTalk suggests approaches to the crisis A post at Jack Henry FinTalk notes that the growth and accessibility of technology has made banking easier for consumers, financial institutions, and businesses. Unfortunately, fraudsters…
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A new report shows fraud is still increasing Digital transactions are far from immune Experts advise financial institutions to fight fire with fire As reported at The Banker, fraud prevention software company SEON recently published their 2023 Global Banking Fraud Index, wherein they report that the costliest fraud variety recorded last year — check, card,…
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Artificial Intelligence (AI) and Machine Learning (ML) are all over the news lately — and for good reason. Almost every industry and endeavor can be touched by the existent and emergent tools that AI and ML make possible. And, as Finextra reports, the UK banking world is in step with the latest developments: The latest research…
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Check fraud visits Judge Judy’s courtroom The plaintiff was actually confronted with two unrelated check fraud attempts Judge Judy has no time for dilly-dallying The Honorable Judith Susan Sheindlin, most recognizably known as “Judge Judy,” is a former prosecutor and Manhattan family court judge turned TV personality. Many people know her from the daytime TV…
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The Fraud/ol/ogy Podcast, hosted by long-time online fraud expert Karisse Hendrick, dives into all areas of “Fraudology” from the perspective of a fraud-fighter. With guests ranging from former cybercriminals to fraud-fighters at Fortune 500 companies to law enforcement and others, you will no doubt be entertained, while learning a lot about fraud & other forms…
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Digital currency has been a topic of discussion for many years now. Most have heard of Bitcoin and other cryptocurrencies; yet no digital currency or cryptocurrency has made a strong enough case as a viable replacement for current payments. One major drawback — or advantage, depending on who you ask — is that cryptocurrencies are…
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One man’s “career” in check scams Using checks to steal money used evolving methodology Crime leads to prison AND deterioration of relationships with loved ones Perhaps one of the best ways to learn about fraud methodologies might be to “look over the shoulder” of a person who actually perpetrated check fraud — which is exactly…
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The growth of instant payments is straining fraud prevention and detection The Federal Reserve has begun its launch of FedNow Efficient data acquisition and processing will be key to controlling fraud As we’ve discussed in previous posts, consumers now have the expectation of near-instantaneous payments solutions. With the popularity of payments like Paypal and, most…
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