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Anywhere Fraud with OrbNet Forensic AI

AI-Based Image Forensics for Check Fraud Detection

Check Fraud Modernization: Addressing the Check Fraud Pandemic

Financial institutions (FIs) have deployed machine learning-based systems successfully on electronic transactions. However, checks are different! Even machine learning is rendered less effective in detecting check fraud due to the lack of image analysis. Additionally, many FI’s are still running check fraud detection systems based on outdated fraud filtering, simple transaction analyzers, and manual review. Gaps in fraud detection has contributed to a pandemic of in on-us and deposit check fraud.

The last wave of check fraud started in 2018 in the US when EMV chips were deployed across the industry. “Counterfeit fraud losses decreased 87% in March 2019 compared to September 2015” for merchants accepting EMV.  That’s when fraudsters started to turn back to checks. Then came Covid-19 and all of the market dynamics around consumer behavior, mobile deposits, the shutdown. The new trend in 2021 and 2022 evolves around the stolen check and the downstream implications of altered checks. Couple this with new dark web programs, an economy nearing recession, and high inflation stealing purchasing power from consumers, and you have a perfect storm for a continued fraud pandemic.

According to data from Auriemma Roundtable, Check Deposit Fraud is up a whopping 385% in 2022 -- exceeding the industry belief that check fraud has increased 3X from pre-pandemic levels.

Furthermore, The Financial Crimes Enforcement Network (FinCEN) reports that check fraud related Suspicious Activity Reports (SARs) have seen a drastic upswing:

  • 350,000+ reported check fraud related SARs in 2021
  • 680,000+ reported check fraud related in 2022
  • 185,000+ reported check fraud related Q1 of 2023

For additional primary and secondary research, see #OrboIntelligence Check Fraud Hub for the most recent data, trends, and reports on check fraud.

Solution to the Check Fraud Pandemic

OrboGraph has been delivering proven results to combatting check fraud for over 15 years. The solution to identifying the unique characteristics of today’s check fraud is based on a blend of AI-based technologies, which we refer to as image forensics.

There are several modules available. Anywhere Fraud delivers image forensic AI technology that can be applied to both on-us and transit checks. The new CSV-AI (check stock validation), ASV-AI (automated signature verification), writer verification, and check style verification along with amount discrepancy, drive detection rates to previously unattainable levels for detection of counterfeit check stock, forged maker signatures, and amount alterations. The system can exceed 95% prevention rates for targeted use cases.

Suite Of Check Fraud Capabilities

In addition to Anywhere Fraud, several OrboAnywhere modules complement fraud detection and mitigate payment risk:

  • Anywhere Validate: Control deposit and on-us fraud losses with payment negotiability testing
  • Anywhere Payee: Match, read, and validate account holder names to reduce posting errors and protect against deposit fraud 
  • Anywhere Positive Pay: Payee name verification detects altered payees on business checks via issue file payee data
  • Anywhere Compliance: Integrate FRAML-type approach for transaction monitoring using payor and payee data

The combination of Anywhere Fraud, Validate, Payee, Positive Pay, and Compliance provides superior protection against fraud attempts while reducing losses to both the financial institution and its customers.

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Additional Resources

Check Fraud Roundtable Image-01

Check Fraud Roundtable

Join fellow Fraud Fighters discuss detection and prevention tactics and strategies.


#OrboIntelligence Check Fraud Hub

Your centralized resource for primary and secondary research, industry trends, and 3rd party reports.


Modernizing Check Fraud with AI Blog

Weekly published commentary addressing today's hottest topics in payments and check fraud. 


OrboAnywhere Modules

Platform Modernization with new fraud technologies.

Anywhere Fraud

Image forensic AI, coupled with transaction analysis, detects counterfeit, forged, and altered checks to reduce on-us and deposit fraud.


Anywhere Payee

Image forensic AI enables financial institutions to match, read, and validate account holder names to reduce posting errors and protect against deposit fraud. 


Anywhere Validate

Validate payment negotiability of paper-originated items to streamline deposit review and mitigate risk. 

 Futuristic visual of banking.

Anywhere Positive Pay

Payee name verification detects altered payees on business checks via issue file payee data. 


Anywhere Compliance

Mitigate rish in check payments for OFAC, BSA/AML, UCC, Reg CC, and KYC.