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Image Analysis for Check Fraud Detection

Automatically detect, prevent and reduce losses from counterfeit, altered and forged checks.

Large financial institutions have seen a sharp increase in check fraud over the past three years as illustrated in the latest ABA Deposit Fraud Study:

  • Attempts increased to $15.1 billion in 2018—up from $8.5 billion in 2016
  • Losses increased to $1.3 billion —a rise from $789 million in 2016.

To combat the fraudsters, banks and financial institutions are modernizing their systems to include real-time, image-based capabilities. Image analysis solutions detect the attributes of a check such as check stock, amount, payee, to detect counterfeits, forgeries and alterations. Image analysis, blended with analytics-based solutions, provide a more complete fraud detection and prevention for financial institutions and their customers.

To explore, click the links below:

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Anywhere Fraud Solution

Transaction and image analysis technologies prevent and detect counterfeits, forgeries and alterations in on-us and transit fraud use cases.

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White Paper: Check Fraud Perpetrator Profile Summary

Use cases and fraud profiles of check fraud attempts.

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Modernizing Omnichannel Check Fraud Detection

Exploring payments fraud and image technologies used to fight financial crimes.

Watch the video:

New Cooperative Effort to Fight Mail Fraud

A new cooperative effort to combat check fraud is announced An infographic provides a great overview Collaboration is the key to success The American Bankers Association and the U.S. Postal Inspection Service have announced a cooperative effort to combat check fraud, kicking off the partnership with a rather extraordinary new infographic designed to educate consumers about what they can…

OrboGraph Awarded AI Excellence Award by the Business Intelligence Group for Innovations in Check Fraud Detection

OrboAnywhere Sherlock 5.3 Release blends consortium and dark web monitoring with image forensics Burlington, MA, March 26, 2024 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, has won the prestigious AI Excellence Award in the Hybrid Intelligent Systems category for significant contributions to enhancing check fraud detection capabilities…

Check Fraud software

ICBA Addresses the Check Fraud Challenge for Community Banks

The rise in check fraud surprises some Instant payments are an alternative, but many people do not use them The public is becoming more aware of fraud and how to avoid it Over the past few years, the Independent Community Bankers of America (ICBA) has been on the forefront of taking on check fraud. Last…

The Importance of Deploying a Rules Engine in Check Fraud Detection

What is a rules engine? Utilizing a rules engine for check fraud detection Identifying use cases for rule engines in check fraud The importance of having a multi-layered technology approach to check fraud cannot be overstated. It’s crucial to integrate myriad technologies — such as transactional/behavioral analytics, image forensic AI, consortium data, dark web monitoring,…

Mail Theft Continues to be Priority for the Government — Is Privatizing Mail the Solution?

Commercial mail is predicted to play a more prominent role in the delivery ecosystem State-level attention to postal security is not as effective as federal mail theft laws Changes to mail logistics under the Postal Service’s 10-year plan are raising concerns about delayed delivery to rural areas Since the pandemic, the post office has garnered…

Strategies to Tackle First-Party Fraud and Mule Activity

Rob Rendell, Global Head of Fraud Market Strategy & Fraud Prevention – Subject Matter Expert at Nice Actimize, offers a detailed overview of First-Party Fraud and Mule Activity, two unnervingly popular scam methodologies. First-party fraud (FPF) is when the fraudster doubles as a customer. Fraudsters will open accounts for the specific purpose of executing their…

Predictive Intelligence: “Game-Changer” for Preventing Payments Fraud Attacks?

Predictive Intelligence has emerged as a valuable tool against fraud Even with many new payment methods available, checks remain popular fraud vehicles Predictive Intelligence anticipates the risk of fraudulent payments Payments Journal reports that Predictive Intelligence has emerged as a valuable tool for financial institutions in their efforts to mitigate fraud attacks on payments. Unfortunately,…

OrboGraph Introduces OrboAnywhere Sherlock Version 5.3 to Address Increasing Check Fraud Attempts

Massive feature expansion delivers improved detection with reduced false positives Burlington, MA, March 11, 2024 – OrboGraph, a leading provider of check fraud detection and image recognition solutions, is excited to announce general availability of their new OrboAnywhere Sherlock 5.3 Release. Sherlock 5.3 provides a powerful list of new weapons which will assist financial institutions…

Dressed to Steal: Fake Letter Carriers Commit Postal Theft

Frank Albergo, National President of the Postal Police Officers Association, recently reposted via LinkedIn an item found by David Maimon, Professor at Georgia State University and Head of Fraud Insights at SentiLink. As Mr. Albergo relates: Crime evolves and criminals adapt. Obviously mail thieves want to avoid detection and arrest. A United States Postal Service letter…

US Treasury Leverages AI to Recover $375M…A Small Drop in the Fraud Bucket?

CNN reports that the US Treasury Department has begun using artificial intelligence — or AI — to detect fraud and recover funds, adopting techniques already widely used in the private sector. Starting around late 2022, the Treasury Department began using enhanced fraud-detection methods powered by AI to spot fraud, CNN has learned. The strategy mirrors…