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IRS is prepped for the 2025 tax season The organization has had a boost in number of personnel The IRS plans to fight AI with AI The 2025 tax season is now upon us, and we all know what that means…fraudsters are ready to pounce on billions of dollars in tax refunds. In 2023 to…
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Trends to look for in 2025 Back-office AI streamlining legacy payments Will quantum computing take hold in 2025? As we kick off 2025, Forbes.com has come out with their list of “The 10 Most Important Banking And Financial Technology Trends That Will Shape 2025.” The article notes: As technological disruption and economic uncertainty continue to…
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Payments fraud continues to be a growing problem Smaller financial institutions face bigger challenges Practical fraud prevention measures are available for small banks and credit unions Our friends at Advanced Fraud Solutions kicked off the new year with recommended strategies for credit unions and community banks to combat mobile check deposit fraud in 2025. The…
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Post Office “Inside Jobs” are a concern New hires may be involved in activities like mail theft, fraud, and other criminal acts “As bad as you think it is, it’s much worse!” It looks like the U.S. Postal Service is being infiltrated by “opportunistic” new hires who are not interested in delivering mail, but rather…
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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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ATMs are becoming more and more popular As such, banks need to incorporate them into their strategy Physical and digital channels require cutting-edge protective technology As banking continues its digital transformation, ATMs are becoming increasingly vital to a bank’s overall strategy. The article “ATM-as-a-Service: Exploring the Value and Players of This Newest ‘X-as-a-Service’ Offering” from…
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GoFundMe can be a wonderful tool to help people As expected, fraudsters have targeted this tool As last line of defense, banks need to be aware of this threat Our Modernizing Check Fraud Detection blog allows readers to access myriad topics — from trends and reports to the latest innovations for check fraud detection. However,…
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James Bi of OrboGraph was a recent guest on the Wespay Payments Perspective Podcast The primary topic was how mobile deposit is leveraged by fraudsters Investment in tech is vital, as fraudsters are constantly evolving their techniques It is not a stretch to say that fraudsters LOVE technology — particularly when it comes to banking.…
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ATMs are a convenient way for many individuals to perform quick transaction — from withdrawing quick cash to depositing paper checks into their accounts. However, as many in the industry know, there are inherent risks when it comes to ATMs, including: Skimming Devices Expand Criminals sometimes attach hardware or overlays to card readers to capture…
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“Deepfakes” are emerging as a threat Detection of deepfake material is getting harder and harder “It’s more important than ever to have a multi-pronged anti-fraud strategy.” As artificial intelligence (AI) technology continues to advance, a new type of media manipulation known as “deepfakes” poses significant challenges for businesses, governments, and individuals. Deepfakes use machine learning…
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