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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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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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Charlie Peterson, SVP for Allied Solutions, a Carmel, Ind.-based provider of insurance, lending and marketing products for financial institutions, addressed the importance of Artificial Intelligence to financial institutions — specifically credit unions — in an article for Credit Union Times. Artificial intelligence (AI) is becoming the norm in both business infrastructure and consumers’ daily lives.…
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Manual fraud reviews have some short-term advantages The ultimate time and expense incurred for manual review makes it impractical AI is the recommended approach Chris Ryan, a Senior Fraud Solutions Business Consultant at the credit reporting firm Experian, recently posted his thoughts on the pros and cons of manual fraud reviews in the age of…
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There are so many intriguing digital payment platforms emerging every week, surely the “antique” check must be fading fast, right? Wrong. On the occasion of its full-year earnings call on Feb. 3rd, Deluxe Corp. reported that their checks segment’s revenue increased just over 6% year over year. Pymnts.com reports that this is due in part to robust…
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AI integration has become vital to financial institutions Fraud detection is strengthened greatly by AI tech AI advantages are not limited to large banks A blog post by Saurabh Singh at AppInventiv.com explores the growing integration of Artificial Intelligence into more and more banking systems. AI-based systems can help banks reduce costs by increasing productivity…
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In a digital society where the younger generation has created new nomenclature such as “I’ll Venmo you” to send person-to-person payments or asking if a vendor accepts PayPal (and perhaps soon, “Do you accept Bitcoin?”) The Financial Brand took a look at the future of checking accounts. The article provides an interesting perspective, starting off with…
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New LexisNexis study identifies the true cost of fraud Fraud spans across the spectrum of both payment channels and customer journey Multi-layered technology approach is needed to lower fraud costs ABA Banking Journal reports on a new study called “The True Cost of Fraud™” from LexisNexis Risk Solutions that reveals rising monthly fraud attacks in 2021 compared…
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Even though we’ve just met, no one is standing on ceremony with “Charles,” or even “Charlie.” Nope – it’s CHUCK™ right out of the gate. CHUCK is an open network for instant payments, created by a consortium of community banks. American Banker reports that “more banks will roll out their version of CHUCK in the…
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Fraud increased tremendously as the pandemic entered its second year New fraudsters are entering the arena due to the ease of committing fraud 10 predictions for fraud in 2022 As the industry saying goes: “New Year, New Fraud.” It couldn’t be more accurate, as Frank McKenna’s Frank on Fraud blog opened the new year with…
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