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Major populated regions and business attract more check fraud A look at which states rank highest for check fraud per 100K population New tools offer a path to lower fraud incidents in the future Back in May of this year, we wrote a post pointing out which regions of the USA were “hotspots” for mail…
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The U.S. government plans to eliminate paper checks in federal payments Small businesses face a challenge Local merchants, contractors,& independent service providers rely on checks PYMNTS takes a look at the U.S. government’s move to eliminate paper checks in federal payments, which is accelerating digital payment adoption for the government while creating ripple effects for…
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Banks and credit unions are rapidly adopting AI to fight fraud Check fraud is evolving quickly AI-powered fraud detection systems are fighting back The accelerated shift from paper checks to digital payments is transforming the landscape of fraud detection, as highlighted in the Wrestling Payments podcast featuring Brian Keefe, Manager of Portfolio Pre-Sales at Nice…
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The ABA has relaunched campaigns to educate consumers The new theme is “Snap Out of It” Some of the video messaging may be misconstrued The American Bankers Association (ABA) has relaunched its award-winning consumer protection campaigns, #BanksNeverAskThat and #PracticeSafeChecks, in 2025 to bolster the fight against fraud. These initiatives, involving over 2,500 banks across the…
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AI is transformative for the banking industry Barriers to adoption include trust and data Many banks are unaware that they are already leveraging AI Artificial intelligence (AI) is transforming the banking industry, offering innovative solutions to improve customer experiences, streamline operations, and enhance risk management. However, trust and data accuracy remain significant barriers to widespread…
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AI is making a huge impact on how FIs deal with fraud The account holder is now point of focus Explainable AI (XAI) is growing in importance Artificial intelligence (AI) is dramatically altering the way fintech approaches fraud detection, as highlighted in a recent post entitled “The Role of AI in FinTech Fraud Detection” from…
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A U.S. government subcommittee is looking into financial fraud There has been a call to action by multiple elected officials Collaboration is key to stopping check fraud The Oversight and Investigations Subcommittee of the U.S. House Committee on Financial Services recently convened to address the alarming rise in financial fraud targeting American consumers. The hearing,…
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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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Agenic AI has impressed many in the banking industry Meticulous care is required when handling customer data Today’s AI is not agenic AI As financial institutions gravitate toward innovative automations like agentic AI, the allure of “zero operations”-where everyday banking processes run themselves-appears within reach. Yet, according to Biswajit Das in his recent Forbes Technology…
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Check fraud steals billions from businesses each year Payment fraud is a particularly pressing issue Businesses have exhibited low Positive Pay adoption rates Despite massive advances in fraud-prevention technology, check fraud continues to siphon billions from businesses each year, with fraudsters performing feats of deception reminiscent of the greatest magicians-only with far costlier consequences and…
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