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We have seen the banking and payments industries recover from the challenges of the COVID-19 Pandemic with a resurgence of checks and sustained volumes of other payments. With this recovery, banks and financial institutions can now refocus on automation and fraud prevention projects which have been delayed while the economy recovers.
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We have seen the banking and payments industries recover from the challenges of the COVID-19 Pandemic with a resurgence of checks and sustained volumes of other payments. With this recovery, banks and financial institutions can now refocus on automation and fraud prevention projects which have been delayed while the economy recovers.
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To say 2020 will long be remembered as a challenging year for the healthcare industry is almost comical in its understatement. The strain put on all levels of the system, from front-line care all the way through collection and revenue cycle, has been incredible. Then comes this news out of Virginia via Healthcare Finance News: Newport News, Virginia-based Riverside Health System is coming out of 2020 able to say that it had one of its most improved collection, performance and revenue cycle years to date.
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While Bitcoin cryptocurrency has been for many years held at arms length by mainstream consumers — it’s been considered volatile because of how much and how quickly its value can change, and the 2018 Bitcoin crash is still fresh in the mind of the industry — there are signs that it is gaining more widespread acceptance.
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Craigslist can be a handy resource for buying and selling goods and services — and it is also a very popular vehicle for scammers deploying simple check fraud tactics. On YouTube, Traveling Director demonstrated a common Craigslist scam by offering some furniture for sale. His asking price was $300, but he had “buyers” consistently send checks for much, much larger amounts of money. It’s interesting to see the range of quality in the forgeries — a couple of the checks he received are downright amateurish.
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Last week, we took a deep dive into a video by Mythbusters on CPU vs GPU, detailing how GPU provides a higher rate of speed and accuracy than CPU, essential for check processing and fraud detection. But, why are GPU processors necessary for artificial intelligence and machine learning?
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We have to admit feeling a bit of satisfaction when seeing a scammer get scammed. That’s why this YouTube video is so entertaining. Wanting to document a step-by-step scam — and trip up the scammer at the same time — YouTuber Ben Taylor, whose channel is called Pleasant Green, is known for scam-baiting and scam-foiling. He tried to be voluntarily sucked into a classic “job posted on the internet” scam after hearing about a friend-of-a-friend being entangled.
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PatientEngagementHIT.com examines the growth of patients consumerism and its impact on the healthcare industry. “Consumerism in healthcare regularly tops the list of C-suite priorities, with most organizations knowing they need to adapt to new patient behaviors to survive in a competitive industry. Health IT developers, healthcare payers, and policymakers alike are also working to acclimate to a world where the patient is also the medical consumer.”
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Back in August, we explored the importance of Nvidia’s data centers to real-time check processing. The blog post garnered a huge amount of attention from our readers, yielding requests to take a deeper dive of the featured video from Mythbusters and the subject of GPUs vs CPUs.
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OrboGraph’s Exploration of Check Fraud in 2020 is a compendium of data gathered from a short, focused survey which was designed to “take a snapshot” of check fraud trends for 2020.
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