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Checks can be “washed” Many businesses buy checks with anti-fraud features Deploying forensic AI technology thwarts “check washers” Since checks are most often delivered by mail — via what are generally non-secure receptacles that can be emptied by any sticky-fingered thief willing to open a public mailboxes or stolen directly from home mailboxes — they…
American Banker sheds some light on an example of modernization in action at Viewpointe, which was founded by big banks over 20 years ago primarily to store digital images of checks. When the physical transportation of checks temporarily halted after 9/11 — compounded by legislation known as Check 21, which allowed banks to handle more…
The pandemic has made digital solutions more vital than ever Credit unions faced a disadvantage in getting aboard the “digital services train” AI and ML solutions are giving CUs the leverage they need PYMNTS.com takes a look at how the pandemic has forced consumers to “rush to digital channels to tackle daily tasks including grocery shopping,…
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.
We live in a world where pretty much everyone carries a phone in their pocket that is capable of instantaneously sending and receiving digital payments, virtually eliminating the need for paper money or checks. So, checks should be an artifact of the past — something you have to explain to a checkbook-oblivious younger generation, like…
Fraudsters are being targeted by the United States Secret Service Nearly $100 billion in pandemic relief funds have been stolen Stimulus check scams are used to get personal information The National Review reports that fraudsters have stolen nearly $100 billion in pandemic relief funds. This has resulted in the arrests of more than 100 suspects, and…
American Banker features the story of The Milford Bank, a 149-year-old community institution in Connecticut that wants to attract a younger audience. It faces a challenge, of course, in how much it can do in-house in terms of enhancing its tech, or even researching, testing, and eventually integrating products from potential fintech partners. So, a…
As the final days of 2021 wind down, we’d like to thank all our partners and clients for supporting OrboGraph in a record breaking year. Also enjoy our holiday video below! Season’s Greetings! The OrboGraph Family
“Scambaiters” go the extra mile to expose — and sometimes punish — scammers These “entertainment-based” scam busters are often more effective than “official” scam reporting channels The bottom line: seeing is believing There’s a somewhat well-known trope among persons who work at home or independently that, whenever an obvious scammer calls and you have time…
In his FinExtra Blog, Dmitry Dolgorukov, the CEO of GiniMachine, takes a look at the newest trends and tech that the industry will need to be aware of ASAP in order to remain competitive. Back when we first heard of Bitcoin in 2009, many brushed off the cryptocurrency as just a new fad, refusing to…