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With the holiday season upon us, it is important that we remain vigilant against fraudsters. Luckily, #FraudFighters continue to spread the word on scams and fraud through LinkedIn. Check out the latest posts: View the post on LinkedIn → View the post on LinkedIn → View the post on LinkedIn → View the post on…
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At EY.COM, home of Ernst & Young Global Limited, Pratik Shah, EY India Financial Services Consulting Leader, and Harshvardhan Bisht, EY India Banking and Capital Markets Leader, explain that banks must evaluate and address the evolving needs of the consumers and maintain their trust in the banking system. The advent of the pandemic and the…
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Partnership enables financial institutions to connect with OrboAnywhere and image forensics Burlington, MA, December 15, 2022 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced today a partnership with Classic Software of Charlotte, NC, offering financial institutions the ability to extract and feed check images directly into OrboAnywhere…
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Despite the “digital savvy” stereotype, younger consumers are biting on digital scams The younger demographic also hesitates to store purchasing info online The 18 to 59 group are 98% more likely to get burned by paper check fraud Here’s an interesting question: Which cohort is more likely to fall victim to online scams – “Generation…
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Post Offices workers and mailboxes are being targeted by thieves Media has begun to report more incidents The United State Post Office is taking preventative steps Members of Congress and postal officials have been sounding the alarm regarding growing crime and outright assaults against mail carriers, and now their concerns are borne out by Postal…
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Suppliers want quick reimbursement; buyers prefer slower payments Checks are popular among SMB buyers Faster payments actually mean cash flow gains It’s a quandary old as commerce itself: Suppliers of goods and services want access to their funds as quickly as possible — like, right now — while buyers, on the other hand, often look…
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As our newly launched #OrboIntelligence Check Fraud Hub makes clear, check fraud is widespread and getting more sophisticated. It’s more important than ever to be vigilant and aware of telltale signs of fraud. During the discussions at the Check Fraud Roundtable, participants noted that over the past few years, the industry has seen fraudsters change…
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Adoption of digital banking was relatively slow at first The pandemic greatly accelerated digital banking Banks that don’t address fraud effectively lose customers If adoption of digital banking and commerce was tenuous as first, a good deal of restraint was discarded when the pandemic took hold and visiting banks in person became impossible. And, of…
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#CheckFraud has been buzzing on LinkedIn coming off of Fraud Awareness Week — November 13-19, 2022. #FraudFighters across the social media platform continue to bring awareness to the growing problem plaguing consumers and financial institutions. Check out the latest posts on LinkedIn below: Check out the post on LinkedIn → Check out the post on…
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Automation has been a popular topic in the world of banking for decades (and discussed here recently as well). However, according to BankingDive.com, there is a new term now picking up steam in the banking world: Banks, of course, have been focused on automating processes to improve efficiency and customer service for well over a…
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