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Why Paper Payments — Cash & Checks — Are Holding “Challenger Banks” Back

March 24, 2022

PYMTS.com reports, via their January 2022 ConnectedEconomy™ Report, that a substantial amount of U.S. consumers — 67% — say they interact with their bank using digital channels, including such functions as checking their balances, paying bills, and monitoring transaction alerts. As Bank of America CEO Brian Moynihan told CNBC in February 2022, just 15% of…

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Education in the 21st Century: Check Fraud Lessons on YouTube

March 23, 2022

YouTube has become the world’s “instruction sheet” A down-to-Earth examination of fraud has real impact Anything that builds consumer awareness is a solid tool The digital age is upon us and in the 21st century, many are turning to YouTube videos as the go-to for educational purposes. This does not just pertain to the tech-savvy…

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Identifying the Right Tech: RPA Use Cases for the Revenue Cycle

March 18, 2022

One of the many barriers the pandemic has introduced to efficient medical billing and the revenue cycle is a significant personnel shortage. RevCycle Intelligence reports that healthcare organizations are increasingly turning to automation to hit the trifecta: increase net revenue, reduce costs, and improve the patient experience. As reported in RevCycle Intelligence, Robotic Process Automation,…

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Deep Dive: Why Paper Checks Still Factor Into B2B Firms’ Payment Optimization Plans

March 16, 2022

In an era of digital payment avenues that seem to double in number every month, checks may seem old fashioned and ready to be left behind, However, as we’ve illustrated here previously, checks remain key tools for many individuals and businesses. As noted in PYMNTS.COM: Eighty-one percent of business professionals expect the growing availability of real-time…

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Home Inspectors Latest to be Targeted by Scammers

March 14, 2022

Check scammers have zeroed in on…. home inspectors This is a familiar scam notable only for its target Scammers monitor trends and ID’ed home inspectors as vulnerable We’ve noted before in this space that scammers are getting more and more clever and specialized as time goes on, and this story from WKRN in Tennessee is…

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Experian Health: Healthcare Payments Overhaul in 2022 — Focus on the Patient

March 11, 2022

“Healthcare is one of the only industries where we go get a service and don’t know what our cost is going to be until sometimes months after that service has been delivered,” Jason Considine, senior vice president of Experian Health, told PYMNTS in a recent article examining the healthcare payments overhaul that we’re seeing. That’s certainly a…

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Post Office Banking Trial is a Dud — Time to Refocus?

March 10, 2022

This past October we reported that the US Post Office was experimenting with offering some banking functions to aid underserved neighborhoods and populations. These services were to include check cashing, bill paying, ATM access, expanded and improved money orders and expanded wire transfers, with select Postal Service locations in Washington, D.C., Falls Church, Virginia; Baltimore,…

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Ingo Money: Checks are “Money Mobility Instruments” & Fraud Targets

March 8, 2022

Checks can be a critical component of money mobility “People have moved from bricks to clicks” FinTechs are “newbies” to checks Ingo Money CEO Drew Edwards recently had a conversation with PYMNTS’ Karen Webster that you can watch below. Mr Edwards emphasized the “good news-bad news” surrounding checks in that they can be a critical component of…

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OrboNation Newsletter: Check Processing Edition – February 2022

March 1, 2022

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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OrboNation Newsletter: Healthcare Payments Edition – February 2022

February 28, 2022

In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.

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