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Checking In on LinkedIn: The Latest #CheckFraud & #FraudFightersUnited Posts

October 7, 2022

LinkedIn — the world’s largest internet professional network — is a great way for professionals to connect with colleagues and other industry leaders, strengthening relationships to advance their careers. Over the past few years we’ve seen many of these professionals use the LinkedIn platform to take an active role in spreading news and content that…

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Competition for Banks & Neobanks: Walmart Announces Entrance into Banking

October 5, 2022

The newest episode of This Week on PYMNTS.COM covered, among other topics, the impending entry of Walmart into the banking space. PYMNTS’ Karen Webster spoke to Ingo Money CEO Drew Edwards, who is sometimes referred to as “the OG [Original Gangster] in FinTech.” Source: PYMNTS.com (jump to 12:55 for Walmart segment) Walmart is beginning neobank services for its…

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Consumer Financial Protection Bureau (CFPB) Tightening Rules for Fraud Money Transfers

October 4, 2022

Peer-to-peer payments services are being targeted by scammers Because the victim technically initiates the payment, banks in many countries refuse to refund losses incurred this way The CFPB may raise banks’ financial obligations to customers who lose money in a payment-services scam According to a report published in The Wall Street Journal, the Consumer Financial Protection…

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RCM Outsourcing Market Analysis: 22% of Rev Cycle Leaders Outsource Outpatient RCM Services

September 30, 2022

A report entitled An Analysis of Outpatient Revenue Cycle Management Outsourcing, the result of a collaboration between HFMA and health information technology company XIFIN and reflecting responses from 157 US-based HFMA members, reveals that over one in five revenue cycle leaders handle their own inpatient revenue cycle management (RCM) operations. However, according to a study conducted…

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OrboNation Newsletter: Check Processing Edition – September 2022

September 29, 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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Digital Banking: Teller Transactions Down -10%, Remote Deposits Up +25%

September 28, 2022

The San Diego Business Journal asked a group of banking leaders for their impressions of the digital revolution in banking, and received valuable insights regarding human interactions, response to pandemic-era restrictions, and fraud prevention. Even before the COVID-19 pandemic impacted the world economy in early 2020, the financial sector was developing and deploying digital tools…

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66% of Bank Execs Perceive Complexity in Integrating New Fraud Tech

September 27, 2022

Insurance Business America cites a recent report from Featurespace, a provider of enterprise financial crime prevention software. It observes that the financial sector is facing a significant conflict in that financial crimes – especially scams – are increasing, while at the same time laboring under the perception that any solution means added complexity and compliance…

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Mail Theft in Philadelphia Leads to Congressional Hearing

September 22, 2022

Philadelphia has become a magnet for mail theft Rampant mail theft targets check Lowered enforcement resources afforded to the Post Office may be the cause Over the past several months, we have covered the wave of mailbox thefts & mail carrier robberies that has plagued the US. In fact, according to data from the Postal…

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PYMNTS.com: 81% of Businesses Still Pay Other Firms Via Paper Checks

September 20, 2022

While many industry experts have predicted the demise of checks and subsequent move towards fully digital payments, the reality is that checks are NOT going away anytime soon. In fact, a new PYMNTS report, THE TREASURER’S GUIDE TO AR PAYMENT OPTIMIZATION, reveals that 81% of businesses still pay other firms via paper checks, making it…

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#CheckFraud & #FraudFightersUnited: Check Out the Latest Posts on LinkedIn

September 19, 2022

LinkedIn — the world’s largest internet professional network — is a great way for professionals to connect with colleagues and other industry leaders, strengthening relationships to advance their careers. Over the past few years we’ve seen many of these professionals use the LinkedIn platform to take an active role in spreading news and content that…

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