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:
Watch the video:
Blog Post
Citizens 2026 Payment Trends Report: 67% of Midsize Business are Concerned About Fraud
Midsize businesses are modernizing payments while checks remain part of the mix. Real-time monitoring, AI, and layered controls are reshaping fraud prevention. Financial institutions can help stop suspicious checks before customers lose funds. How are midsize business leaders feeling about fraud in 2026? According to Citizens’ 2026 Payment Trends Report, 67% of respondents say they…
Blog Post
OrboNation Newsletter: Check Processing and Fraud – July 2026
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.
Blog Post
Money Mules: The Human Layer Powering Check Fraud
Money mules are a critical operational link in fraud and money laundering, including check fraud. Many mules are recruited through social media and job scams, and some do not realize they are committing a crime. Banks need connected intelligence, continuous monitoring, customer education, and layered check fraud technology to reduce losses. Money mule activity is…
Blog Post
How Fintechs and Financial Institutions Are Using AI to Fight Smarter
Fraud is moving faster as criminals use AI to scale attacks and exploit gaps in traditional controls. Fintechs and financial institutions are responding with layered AI strategies that combine identity verification, behavioral analytics, biometrics, and shared intelligence. Check fraud is a strong example of why AI matters because detection now depends on image analysis, payee…
Blog Post
Do Fraudsters Ramp Up Check Fraud Activities Seasonally?
Check fraud is seasonal, with the biggest spikes tied to tax season. While the administration has eliminate most check disbursements, the IRS continues to accept paper check payments Different technologies are needed to detect check fraud Fraud rarely stands still. It follows volume, behavior shifts, and operational blind spots. Even as digital payments continue to…
Blog Post
Agentic AI: Rethinking Check Fraud Review
Agentic AI shifts fraud teams from reviewing alerts to supervising AI-driven investigations and focusing on high-risk, complex cases. AI can streamline check fraud investigations by gathering evidence across multiple systems and presenting investigators with complete, actionable case summaries. Intelligent Banking connects fraud, payments and core banking data, enabling AI to automate routine investigations while enhancing…
Blog Post
OrboNation Newsletter: Check Processing and Fraud – June 2026
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.
Blog Post
The US Government Addressing Funds Availability with the STOP Payments Fraud Act
The STOP Payments Fraud Act gives banks more time to investigate suspicious payments. Extended holds on flagged checks and wires balance fraud prevention with faster availability. Banks must update policies, technology, and workflows to fully leverage the longer review window. PYMNTS recently highlighted a new House bill that could quietly change the way financial institutions…
Blog Post
Are You Still Running “SPF 15” Check Fraud Protection?
Check fraud has surged, with deposit fraud up roughly fourfold since pre‑pandemic levels. Criminals increasingly steal and resell mailed checks via dark‑web markets. Banks and businesses now rely on image forensic AI and behavioral analytics to flag fraudulent checks early. Summer is here, and everyone is talking about SPF. But, while your accountholders are thinking…
Blog Post
JPMorgan Chase Successful Deploys Robotics for Lockbox Processing
Most financial institutions leverage AI for automating check processing JPMorgan Chase has taken it a step further, leveraging robotics to automate lockbox processing Are there further use cases for robotics in banking? A majority of financial institutions are in the process or have already deployed AI technologies like OrboAnywhere to automate the processing of check…