Uncategorized
Walmart has a reputation as a “one-stop” shopping destination Toward that end, Walmart offers money transfer services Unfortunately, a lawsuit alleges they did not protect these transactions Walmart has enjoyed a reputation as the “one-stop” center for consumer needs, and, true to their reputation, they expanded into the money transfer space so their customers could…
Read More
Check Fraud and Recognition Solutions Business Will Continue to Run Independently Billerica, MA, August 16, 2022 – OrboGraph, a premier supplier of check processing automation, fraud detection, and healthcare payment electronification, announced today that Revenue Management Solutions (RMS), a provider of automated healthcare payments reconciliation services has acquired OrboGraph. Thompson Street Capital Partners (TSCP), a private…
Read More
PYMTS.com reports on Cat (aka Caterpillar) — the manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives — providing a very good example of how, via their business planning and practices, “ye shall reap what you sow.” The moral of the story is that “patience is a…
Read More
Fraud attempts are down At the same time, the COST of fraud has risen A multi-pronged tech approach by banks eliminates fraud opportunities American Banker reports that data suggest in the beginning of 2022, the number of fraud cases being reporting has decreased from previous two years — nearing pre-pandemic levels. While many may see…
Read More
At The Financial Brand, Jim Marous, industry influencer and CEO of The Digital Banking Report, and BK Kalra, Global Head of Banking and Capital Markets at Genpact, offer their four essentials for success in the digital banking space. One point they make early is that, while COVID certainly accelerated adoption, the digital banking revolution was on its way, pandemic or…
Read More
A new study examines general bank fraud Fraudsters are overtly advertising “fraud lessons” Checks remain a prime fraud target In their new expansion of The Business of Fraud: An Overview of How Cybercrime Gets Monetized, Recorded Future’s Insikt Group® — Recorded Future’s threat research division, comprising analysts and security researchers with deep government, law enforcement,…
Read More
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.
Read More
According to McKinsey & Company, insurers are much closer to their vision of near-optimal claims processing in 2030 than they were just a few years ago. HealthPayer Intelligence reports that this means commercial health payers can expect the benefits of an integrated, digital claims payment process that benefits every stakeholder. A claims payment solution that…
Read More
Brace yourself: It’s time for banks to begin planning their move to the Metaverse. Or Web3. Or Web 3.0. Or whatever they’re calling it today. If you’re not exactly sure what the Metaverse is, rest assured that you are not alone…but that hasn’t stopped banks from eagerly diving in. The Financial Brand had Mike Abbott,…
Read More
Digital payments are becoming more and more popular Even so, checks remain a mainstay for many consumers Fraudsters never stop evolving, and neither should anti-fraud technology. As cited by an article at the ABA Banking Journal, the 2021 Association for Financial Professionals Payments Fraud and Control Survey indicates that checks remain the payment method most…
Read More