Skip to content


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

Past Tech Conferences

View the highlights from past OrboGraph Tech Conferences

Product Videos

Watch our 2-minute videos to learn about our products


View our list of partners or become one yourself


News and updates from OrboGraph


Download additional information on your products and services

Reg CC

Compilation of resources to help you navigate Reg CC


See where OrboGraph will be next


Learn more from OrboGraph and Industry Leaders


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)

Modernizing RCM with AI

An informative resource to assist RCM companies in understanding how to solve today's problems with the help of AI.

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

Modernizing Omnichannel Check Fraud Detection

An informative blog series exploring payments fraud and image technologies used to fight financial crimes.

2019 Federal Reserve Payments Study Reports 16B Checks Written

  • Overall payments grew, while checks written declined
  • Check fraud risk is increasing
  • Checks lead other payment channels in fraud attempts per AFP

It’s back! The 2019 Federal Reserve Payments Study, provides us new insights and metrics for the payment industry:

  • The number of core noncash payments, comprising debit card, credit card, ACH, and check payments, reached 174.2 billion in 2018, an increase of 30.6 billion from 2015. The value of these payments totaled $97.04 trillion in 2018, an increase of $10.25 trillion from 2015.
  • The growth rate of core noncash payments was 6.7 percent per year from 2015 to 2018, higher than the growth rate of 5.1 percent per year from 2012 to 2015.

Less Paper, More Fraud Attempts, More Fraud

Drilling down to checks, we see that the estimated volume of 16B checks written may have declined by 7.2%. However, read this analysis of check percentages and see a perspective where the impact is more like 3.7%.

Regardless of the percentage, one might assume fraud attempts would decline proportionally, no? Not exactly. As stated in this blog post from a presentation by Shirley Inscoe, Senior Analyst at Aite Group, check fraud leads the field in investigations handled by 25 financial fraud investigators polled.

Further, Aite’s poll found that 96% either completely or mostly disagree with the statement “Check fraud is declining annually in my financial institution.”

Indeed, the Association for Financial Professionals finds that, even as check usage declines, check fraud leads the pack over other payment channels.

Source: Association for Financial Professionals (2019)

“Essentially, the industry is experiencing a ‘reverse correlation’ between volume and fraud risk attributed to checks,” stated Yaron Katzir, Director of Product Management in Check Payments and Fraud at OrboGraph.

There are many reasons contributing to this phenomenon:

  • Deposit channels are diversifying, as the omnichannel doesn’t look like it did five years ago
  • Banks continue to expedite funds availability on deposits due to competition
  • Banks are deploying new transactional-based analytics and machine learning systems, but forgetting about the unique image attributes of counterfeits, forgeries and alterations
  • Fraudsters were “redirected” back to checks when EMV chips were implemented a few years back

Taking a Long Term View

Rather than panic on the data points of AFP, or ignore checks because volumes are declining, financial institutions should just “act like financial institutions.” Meaning? Take the long term view: continue to automate and protect check processing, invest in value-based technologies which deliver a positive ROI like image analysis, and build a strong platform in preparation for the next FED payment study in 2022!

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.