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X9’s report turns scattered fraud experiences into shared intelligence that slashes losses faster. When banks, vendors, and networks share playbooks, fraud rings lose their information advantage. Collaboration through X9’s forum helps FIs deploy stronger defenses and benefit industry‑wide. Back in February of 2025, the Accredited Standards Committee X9 Board of Directors established the Check Fraud…
AI, mobile, and digital onboarding now define member loyalty and everyday relationship depth. Smaller and mid‑sized credit unions can scale AI quickly by partnering with specialized fintech providers. Innovation leaders win by pairing agility and data‑driven design with always‑on, personalized digital experiences. AI is quickly becoming a make‑or‑break factor for credit union growth, and smaller…
Music artist built a flashy entertainment persona to disguise a large-scale check fraud operation. Social media and lifestyle branding glamorize bank fraud, turning followers into criminal accomplices. Case underscores urgent need for banks to monitor social platforms and harden check-fraud defenses. Over the past two decades, social media has been perhaps one of the greatest…
Criminals increasingly target post office locations, including bomb threats and armed robberies. Reduced postal police patrols create opportunities for organized mail theft and facility attacks. Financial institutions must deploy multilayered fraud tech, achieving check fraud detection above 95%. While the majority of the mail theft/stolen check events typically target mailboxes, mail carriers, or collusion with…
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.
Legacy systems often fail due to disconnected data, not poor-quality data alone. Orchestration unlocks AI value without replacing trusted legacy systems. Intelligent Banking is key for activating payments data to make smarter decisions. One major issue plaguing financial institutions is data integrity. However, is it actually “bad data,” or are FIs unable to connect legacy…
Federal Reserve report finds no major fraud category dip; debit cards and checks lead attempts. Faster payments saw sharpest year-over-year rise in attempted fraud and associated losses. Banks boost fraud budgets with layered tech defenses, yet threats continue outpacing controls. On April 28, 2026, the Federal Reserve published its Financial Services Risk Officer Survey. The…
Criminals used smart glasses and AI tools to secretly capture shoppers’ payment credentials. Stolen credentials were exploited to buy high-value gift cards and merchandise rapidly. Incident highlights growing risk of AI-enhanced fraud in retail and financial environments. A recent Toronto Police investigation into an “organized, sophisticated” retail fraud ring offers a preview of how AI‑enabled…
House hearing warns that AI-driven fraudsters exploit gaps in outdated BSA-era AML controls. Outdated SARs and CTRs in need of Modernization. Lawmakers push AI-supported, risk-based monitoring that prioritizes fewer, higher-value, network-aware alerts. A new post from PYMNTS.com reports on a recent House Financial Services Subcommittee hearing focused the ways criminals are using AI, synthetic identities, and digital…
AI embedded in fraud workflows pre‑assembles case files and automates documentation tasks. Institutions reduce manual touches, cycle times, and errors while improving case quality. Banks scale human fraud expertise and handle rising case volumes without added headcount. AI is delivering some of its clearest, most defensible ROI in banking by quietly re‑wiring workflows behind the…