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You are likely seeing more and more news stories and posts on social media talking about the emergence of artificial intelligence as a potential replacement for actual human creativity (in fact, AI has been, evidently, generating an endless Seinfeld episode for more than a month now). While these dubious feats get much of the mainstream…
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Fraud in 2021 increased over 70% compared to 2020 Perpetrators are taking advantage of government programs Financial institutions need to be prepared for the predicted fraud-attempt onslaught An article at Credit Union Times by Rene Perez, Director of Financial Crimes Solutions Sales and Financial Crimes Consultant at Jack Henry, opens with a startling statistic: In…
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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.
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Tax season has arrived, meaning checks will be going to and from the IRS Many file electronically, but a huge amount of refunds go out via paper check Personal checks are also mailed to the IRS and therefor become vulnerable Tax filing season is upon us, and that means — after a bit of frustration…
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Handwritten and printed payee recognition expands product capabilities, new GPUs also certified Burlington, MA, January 26, 2023 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, announced the release of OrboAnywhere Version 5.0 to business partners in December 2022. Version 5.0 delivers major architectural modernization and is applicable to…
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In the UK, “Challenger Banks” are becoming popular Inflation was once the primary threat to Challenger Banks Fraudsters are turning their attention to potentially unprepared Challenger Banks Challenger banks — small, recently created retail banks that compete directly with the longer-established banks in the UK, sometimes by specializing in areas underserved by the “big four”…
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Tax season is once again upon us With tax season comes tax fraud in the form of IRS impersonators Refund checks are also targets for theft from mailboxes and alteration As inevitable as the sun coming up in the morning, tax season is here again. For many, it’s a stressful, sometimes baffling period that creates…
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Check fraud is on the rise with no relief in sight “I think check fraud is going to hit $24 billion or more this year,” says Frank McKenna Banks will need to invest in technological “shields” again check fraud Suparna Goswami of the ISMG Network spoke to Frank McKenna, chief fraud strategist at Point Predictive…
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BAI examines the current state of fraud protection Banks need to prepare, for example, for ‘deep fakes” In a “digital world,” check security benefits from advancing ink and printing technologies This month’s BAI Executive Report examines in great detail the current state of fraud protection and what can be done to bring more efficiency and…
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Fraud of all kinds is on the rise First party fraud is most difficult to spot Are financial institutions investing in the right tools? Check out the infographic. The prevalence and escalation of financial fraud of all kinds are not not news, of course — though we tend to concentrate on check fraud in this…
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