Resources

Check out our reservoir of information related to check recognition and healthcare payment technologies. We frequently update this section with the latest news, trends, and analysis of the banking and healthcare industries.

2019 Tech Conference

May 20-21, 2019
Charlotte Marriott City Center

Industry Videos

News and trends for the banking and healthcare industries

White Papers

OrboGraph’s thought leadership and original research

2018 Tech Conference

See highlights from the 2018 Tech Conference.

Product Videos

Watch our 2-minute videos to learn about our products

Partners

View our list of partners or become one yourself

News

News and updates from OrboGraph

Brochures

Download additional information on your products and services

Reg CC

Compilation of resources to help you navigate Reg CC

Events

See where OrboGraph will be next

Webinars

Learn more from OrboGraph and Industry Leaders

Testimonials

Hear what our clients and partners have to say about OrboGraph

Platform Modernization

Both the financial and healthcare industries are undergoing modernization initiatives in check payments and remittance.  See how OrboGraph is using AI, self-learning and deep learning models to drive innovation in these industries to deliver workflow automation.

Platform Modernization

Modernizing payments in the banking and healthcare industries

AI, Self Learning & Deep Learning Technologies

Optimized AI and deep learning models for the automation of check processing and healthcare posting

Operationalizing AI & Self Learning in Checks

Revolutionizing check processing and fraud prevention for the banking industry

Delivering Healthcare Payment Electronification

Increased accuracy levels, decreased error rate for healthcare payments posting

Product Videos

See how each product/service module of OrboAnywhere and OrboAccess delivers value from our check and healthcare payment platforms

Corporate Video & Podcast

See and hear how OrboGraph incorporates AI, deep learning and self learning technologies into its product suite

Healthcare Payments

OrboAccess automates remittance and payment posting as well as enables full research and business intelligence analysis for RCM companies, clearinghouses, billers, and providers.

Access EOB Conversion

Delivers EOB/EOP electronification with information intelligence via AI and deep learning technologies

Access Correspondence Letters

Extracts posting data and tracks reimbursement progress via workflow management

Access Payment Reconciliation

Streamlines the reconciliation process of ERA, ACH, EOB and checks

Access Patient Payments

Automates patient payments for posting

Access Denial Intelligence

Spotlights trends in denials to reduce receivables via prevention

Healthcare Payments Automation Center

Scalable, reliable, flexible cloud-based hosted data center on Amazon Web Services (AWS)

Check Processing

OrboAnywhere automates paper originated payments (i.e. checks, money orders, drafts) and remittances for balancing and posting while reducing risk and losses in the areas of check fraud, payment negotiability and compliance.

Anywhere Fraud

Transaction and image analysis for on-us and deposit fraud detection of counterfeits, forgeries, and alterations.

Anywhere Recognition

Divergent multi-engine CAR/LAR, ICR, OCR & AI check recognition for the Omnichannel

Anywhere Validate

Validate payment negotiability of paper originated items

Anywhere Payee

Match, read, and validate payees for risk and operational workflows

Anywhere Positive Pay

Payee name verification of business checks using issue files

Anywhere Compliance

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

Restrictive Endorsement

Automatic validation of restrictive, mobile and non-restrictive endorsements

Traditional Products

Based on the Accura XV platform

Check Fraud: Protect the Millennials!

Persons who are older than 30 may feel the urge to gloat about this: Millennials – – the cohort, according to the Pew Research Center, born between the years 1981 and 1996, and who watch with glee as older folks struggle with social media and Ubers – – are currently the primary target when it comes to check scams.

Rahn Rampton writes in Digital Transactions:

According to the “2017 Better Business Bureau Scam Tracker Annual Risk Report,” fake check fraud is one of the most common tricks played on Millennials ages 25 to 34. On top of that, the Federal Trade Commission found twice as many Millennials who reported fraud in 2017 lost money compared to people over 70.

Here’s a real-world summary from a CBS News report detailing how a 29-year-old Los Angeles man was scammed:

  • In an attempt to make extra money, he did an online search for a mystery-shopper job he could do in his spare time.
  • He found a company offering to pay him to evaluate money-transfer businesses, such as Western Union. His first assignment was to deposit a $2,900 check into his bank account, and as soon as the money was available, he was to wire the money back to his “employer” via Western Union.
  • A couple of hours after wiring the money, the victim got a call from Wells Fargo letting him know the check was fraudulent. The problem was that he was on the hook for the entire amount.

This is not the first time that Millennials have been warned about check security. What makes them more vulnerable? Many people—particularly Millennials—have learned to depend upon their smartphones as the porthole to all that is worthwhile. Groceries from Amazon; dinner reservations; a ride home from a night out; even a possible date – – all of these things are available via smartphone. Why not cash checks via the same mobile device that does virtually everything else? Of course, by snapping a picture of the check, mobile deposit methodology bypasses any MICR-reading and authentication technology and relies instead on optical character recognition (OCR).

In part 2 of his column, Mr. Rampton offers security advice:

  • If you receive a check from someone you don’t know, don’t use mobile deposit. Instead, take it to a local bank and explain where the check came from so the teller can run it through the necessary inspections, starting with a MICR scan.
  • In addition to verifying the MICR authenticity, there are additional visual signs bank tellers look for such as:
    • Is the check-stock flimsy or suspicious?
    • Is the company name or address misspelled on the check?
    • Does the check number match the check number included in the line at the bottom of the check?
    • Does the check have the correct routing number at the bottom for the bank it is supposedly drawn on?

There’s no legitimate reason for someone who is giving you money to ask you to wire money back. If a stranger wants to pay you for something, insist on a cashier’s check for the exact amount, preferably from a local bank or a bank that has a branch in your area.

Checks remain popular among consumers — particularly with corporate banking customers — even in the age of digital transaction. Banks should evaluate their current processes and technology in order to mitigate risks and preventing check fraud to ensure that they and their customers are protected.

 

Leave a Comment





Review your needs with an OrboGraph expert.

Sign up below for your complimentary assessment or to request
estimated solution pricing from OrboGraph.