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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.
Recognition honors measurable impact in combating check and deposit fraud through advanced AI BURLINGTON, MA – March 26, 2026 – OrboGraph is pleased to announce it has been named a winner in the 2026 Artificial Intelligence Excellence Awards in the category of Fraud Detection and Prevention. Presented by the Business Intelligence Group. The award recognizes…
Many small businesses still favor paper checks for familiarity, control, and perceived low cost This reliance hides higher true check costs and exposes firms to growing fraud risk Advanced check fraud detection lets businesses keep checks while significantly reducing fraud exposure In spite of a steady rise in digital payments, many U.S. businesses-particularly smaller ones-still…
Visa reports checks drive nearly one-third of U.S. fraud losses, outpacing digital Criminals now blend check washing and social engineering with faster payment scams AI image forensics plus behavioral analytics help banks contain cross-channel check fraud In a new PYMNTS post, Visa’s Michele Herron warns that even as digital payments accelerate, old-fashioned checks remain a…
AI has moved from experimentation to widespread, real-world deployment across financial services Most financial institutions are modernizing legacy systems so AI can scale securely Over half of FIs now partner with fintechs to accelerate AI-driven modernization For far too long, banking institutions relied upon outdated, legacy technologies and systems. Unfortunately, these have become incompatible with…
Lawmakers again spotlighted soaring fraud as banks warn defenses lag behind Trump’s new executive order mandates an aggressive, coordinated national anti-fraud strategy Banks should not rely on government alone; invest in advanced AI defenses On March 5, 2026, the industry saw banking executives appear in front of the United States House Committee on Financial Services…
Miami Gardens crew used stolen USPS arrow keys to steal, alter, and deposit checks Police uncovered $1.7M in stolen checks, drugs, weapons, and victim data after gunfire call The case underscores rising arrow-key mail theft, expanding check fraud risk nationwide Recently, we posted a blog on the topic of lower prison sentences for financial crimes…
Legacy systems swallow IT budgets, diverting funds from innovation, modernization, and AI-ready capabilities Banks spend most tech dollars just keeping outdated platforms operational and barely compliant Modernization reallocates budget from maintenance to strategic growth, customer experience, and operational efficiency One major factor holding the banking industry back is undoubtedly its reliance on outdated legacy technologies.…
Overall SAR filings fell 6% between 2024 to 2025 Check fraud SAR filings continue to dominate Flat “Other Fraud” SARs show fraud risk shifting, not disappearing For years, the industry relied on the American Bankers Association’s (ABA) Deposit Account Fraud Survey as the central source for fraud trends. However, with the last report being published back…
Check fraud is rising, and annuity checks are a prime target Large deposits trigger bank holds, especially for elderly clients Advisors can help by encouraging advance notice and electronic transfers Analysis of the types of checks being sold on the dark web and encrypted platforms like Telegrams reveals that some types of checks were seen…