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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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It’s no secret to any regular reader of our blog that we are enthusiastic advocates for the power of AI. Also, you can’t open a newspaper (do people still open newspapers?) or read online news without at some point encountering a story about how AI is reshaping almost every discipline and industry imaginable. In a…
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50% increase in anti-money launder fines and penalties levied on FIs in 2022 95% of AML execs are prioritizing AI and ML for AML Fraudsters “jamming the system” with massive amounts of attempts A post at Jack Henry Fintalk discusses Anti-Money Laundering strategies — and how a rising number of financial institutions are being penalized…
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The FedNow Program launched on July 20th In 2008, the UK Faster Payments System launched – with some negative consequences These negative consequences were quickly addressed, offering an example for the U.S. system We’ve addressed in an earlier post the fundamental challenge of offering real-time payments in an era where fraud is rampant. The public has…
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FedNow was officially launched on July 20th, which means there are now two real-time payments networks in the U.S., as the new instant-payments infrastructure debuts alongside The Clearing House’s RTP real-time platform. So, everyone’s going to jump into real-time payments, right? Well, maybe not right away. PYMNTS.com spoke to Ingo Money CEO Drew Edwards about…
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New partner/clients include four of the Top 30 banks, two data centers, and two fraud review platforms Burlington, MA, August 10, 2023 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the addition of three new Top 30 Bank customers, two data center partners, and two new fraud…
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Check fraud is growing quickly While check usage is down, it is certainly not out Investments in check security can make certain financial institutions more valuable to depositors The latest episode of The PaymentsJournal Podcast features Steve Bartels, Senior Director of Solutions Consulting at Q2, and Brian Riley, Co-Head of Payments at Javelin Strategy & Research, explaining…
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