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.
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Blog Post
Should Banks Incentivize Front-Line Staff to Catch Check Fraud?
Performance-based incentives can motivate staff to detect check fraud and protect customers Incentives must be paired with strong training on schemes, red flags, and escalation Overly aggressive vigilance can hurt customer experience if legitimate checks face delays Solving the challenge of check fraud is not just an investment in technologies, it is an investment in…
Blog Post
Scam Detectors Podcast: The History of Check Fraud is as Old as Checks
The episode unpacks modern check fraud, blending old-school scams with advanced AI deception A real-world victim story shows how creative freelancers are targeted through “dream” jobs Overpayment schemes, fake checks, and job scams are explored Did you know the concept of “checks” goes way back thousands of years? According to a blog post from Superior,…
Blog Post
Mastercard: Early Adopters of AI-Driven Fraud Detection See 2X Cost Savings
Generative AI drives a surge in deepfakes and instant-payment fraud Banks deploy AI to monitor transactions and block attacks in real time Behavioral analytics reduce false positives, protect revenue, and strengthen customer trust AI is rapidly reshaping the fraud landscape, and a Mastercard.com post argues that banks can no longer afford to treat it as…
Blog Post
Reliance on Traditional Positive Pay Puts Corporate Clients at Major Risk
Traditional Positive Pay misses altered checks when payee-name verification is absent. Criminals exploit check washing and altered payees to bypass legacy controls Enhanced Positive Pay, field validation, data consortiums, and dark web monitoring strengthen defenses A post by Erin Teta, Director of Cerini & Associates, warns that Traditional Positive Pay is not foolproof: if payee-name…
Blog Post
The Dangers of Social Media: How Scrolling Leads to Check Fraud
Social media oversharing and scam offers give fraudsters personal data to commit sophisticated check fraud Fake contests and money‑glitch trends trick consumers into sending real checks or banking details to criminals Banks must educate consumers and deploy AI‑driven fraud tools to protect customers and maintain trust. Spending a lot of time on social media? Well,…
Blog Post
Featurespace Report: 54% of U.S. Consumers Report an Increase in Check Fraud Attempts in 2025
Over half of U.S. consumers saw increased check fraud attempts, especially prior victims Consumers want stronger bank protections, proactive guidance, and better education on check fraud Financial institutions increasingly deploy AI, advanced analytics, and image forensics to combat check fraud For #FraudFighters across the US, data has become a major weapon against fraudsters — as…
Blog Post
OrboNation Newsletter: Check Processing and Fraud – January 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
Instant Payments: Implications for Real-Time Fraud Liability
Instant payments reduce paper-based check fraud opportunities They also accelerate how quickly criminals can move stolen funds Real-time rails shift fraud risk and liability into the transaction window Real-time payment platforms like FedNow are often framed as an elegant way to sidestep traditional check fraud, but the uncomfortable truth is that they mostly change the…
Blog Post
Jackpotting: Fraudsters in the US Targeting ATMs for Latest Fraud Trend
ATM “jackpotting” is now a leading U.S. ATM fraud trend, exploiting hardware and software weaknesses Criminals also abuse ATMs via infinite money glitches, skimming, card trapping, and physical theft Banks must encrypt ATM components, harden devices, and deploy AI to detect ATM check fraud Which deposit channel are you most concerned about when it comes…
Blog Post
Did the Government Phase Out of Treasury Checks Slow Down Fraudsters?
Treasury’s paper-check phaseout briefly slowed, but didn’t eliminate, Treasury check fraud Fraudsters quickly adapted schemes, restoring high volumes of illicit Treasury check activity Continuous, AI-driven image analysis is essential to counter rapidly evolving check fraud On March 25, 2025, the current US administration signed an executive order entitled Modernizing Payments To and From America’s Bank Account…