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Organized check fraud rings operate like businesses with defined leadership and roles as well as adaptable processes Key roles: orchestrators, source gatherers, production specialists, and money mules/runners, all compartmentalized Rings exploit speed, volume, and trust, using physical and digital methods to steal and alter checks Organized check fraud crime rings are not by any means…
Emerging technologies now power modern, scalable bank payment stacks APIs and events enable real-time routing, pricing, and settlement decisions Payments modernization aligns efficiency, revenue, experience, and integrated fraud and risk controls The PaymentsJournal article “How Emerging Technologies Are Powering the Modern Payments Stack,” by Wesley Grant, explains why modernizing payments infrastructure has become a strategic…
RBC poll shows 86% of Canadians feel scam-savvy, yet 25% have already fallen victim to fraud Canadians fear AI-powered scams, deepfakes, and holiday fraud, yet many still take significant online shopping risks RBC urges verification, strong security, ongoing education, and advanced fraud technologies to protect Canadian consumers and financial institutions Over the past few years,…
Check fraud now acts as a lifecycle threat, tightly linked to account age Fraud shifts from synthetic-ID abuse on new accounts to sleeper-driven counterfeit checks Tenured accounts face collusion and takeover, demanding adaptive, AI-driven defenses tuned to lifecycle behavior. Check fraud is no longer a simple paper-based crime; it has become a lifecycle threat that…
Balancing high throughput and low latency is essential for modern, AI-based check processing OrboAnywhere Turbo 6.0 boosts throughput while sharply reducing latency on existing hardware. Modern AI infrastructure with ONNX & NVIDIA GPUs enables real-time check recognition & fraud detection In a recent Medium blog post, banking transformation leader Amit Batra draws a sharp distinction…
Gen AI alters check amounts and names in seconds, with minimal prompts Generative tools scale fraud, rapidly creating large volumes of convincing counterfeit checks Multi-layered, AI-powered image and behavioral analysis best detects modern check fraud Way back in 2023, we wrote a post about how generative AI will be a major tool for fraudster to…
Check fraud losses continue to accumulate There are solid recommendations available to fight fraud Effective tools can be leveraged for protection As we near the end of 2025, many are wondering what the total losses will be from check fraud. While concrete numbers are not available, our friends at VALID Systems made a shocking prediction:…
Goldman Sachs CEO David Solomon argues AI enhances bankers’ productivity instead of eliminating jobs Higher productivity and business growth from AI encourage banks to hire more high-value, AI-skilled staff In check processing, AI boosts automated read accuracy above 99%, freeing staff for revenue-generating work It is no secret that, as society innovates and adopts new…
U.S. banks face surging, globally linked check fraud as paper payments remain prevalent AI-driven behavioral analytics and image forensics now underpin effective on-us and deposit fraud defenses Early adopters report over 90% loss reduction and fewer alerts with AI-based solutions North America’s financial landscape is marked by a surprising reliance on paper checks, a payment…
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.