Modernizing Omnichannel Check Fraud Detection

Fraud prevention is more crucial than ever 40% of community bankers cite check fraud as one of the most common swindles Positive Pay is an invaluable tool in the fight against fraud As we've noted previously, the adoption rate of Positive Pay remains shockingly low. In fact, according to research ...

The "Catch All Fraud" system has been highly touted for years The results, however, are not acceptable The system is easily overwhelmed, which can be weaponized by fraudsters Despite being in operation for a decade, the "Catch All Fraud" detection system has failed to live up to its billing of ...

A new podcast episode explores check fraud Key elements of check fraud are examined Several best practices are recommended #FraudFighters do not just work for financial institutions or fintechs; they come from all different types of financial services companies -- including accounting. Case in point: Herbein -- a 50+ year ...

Fraud is evolving quickly There are five major fraud trends to watch this year Advanced fraud detection tools are crucial As financial technology continues to advance, fraudsters are finding new and sophisticated ways to exploit vulnerabilities and target financial institutions and their customers. A new Jack Henry Fintalk post takes ...

Download PDF Copy of the Newsletter Examining the "Hotspots" for Mail Theft/Stolen Checks Mail theft and mail carrier robberies are a major factor contributing to the rise in check fraud over the past half decade. Criminals know that within those familiar USPS blue mailboxes are hundreds of documents that can ...

Frank McKenna presents an AI company too good to be true Alas, it was published on April Fool's Day The post is a reminder not to fall for "pie-in-the-sky" solutions Frank McKenna, author of the ever-entertaining Frank on Fraud blog, posted on April 1, 2025, about Fraudinator.com -- a new AI ...

Mail theft is a major problem Postal keys are targeted Counterfeits, forgeries, & alterations must be detected before funds are lost Mail theft and mail carrier robberies are a major factor contributing to the rise in check fraud over the past half decade. Criminals know that within those familiar USPS ...

Revisiting a film glamorizing check fraud An adolescent leaves a bank with $1 million in cash Fortunately, is virtually impossible for this scenario to occur today When thinking of a film glamorizing check fraud, most instantly think of the hit film Catch Me If You Can, directed by Steven Spielberg ...

BMG is a former scammer and current YouTuber He was able to learn fraud methods while incarcerated He now passes along fraud techniques to help potential victims protect themselves A factor that we commonly bring up when discussing fraudsters is their willingness to teach each other the tips and tricks ...

A new report states that 60% of fraudsters are using GenAI in scams Fighting fire with fire, an overwhelming majority of FIs use AI AI has presented measurable benefits We've all heard the buzz around AI and its potential for fighting fraud -- including check fraud. Well, FIs have put ...

Fighting fraud requires a delicate balance Despite digital payments, checks remain a valid form of payment Rules engines play a key role in detecting and preventing fraud In a recent ATM Marketplace podcast, Bradley Cooper spoke with Scott Fieber, Chief Strategy Officer at Cook Solutions Group, and Austin Smith, Director ...

New AI infrastructure optimized for speed and latency with improved check fraud detection Burlington, MA, May 8, 2025 - OrboGraph, a leading provider of check fraud detection and image recognition solutions, is excited to announce the general availability of their new OrboAnywhere Turbo 6.0 release. The release is focused on ...

Four men have been accused of check fraud crimes "A massive, multi-million dollar scheme" They face 30 years in prison if convicted In a shocking case of financial fraud, four men have been accused of stealing checks from the mail and cashing in over $50 million by altering the names ...

The FBI's latest report reveals a substantial increase in internet crime Though digital scams are popular, checks are still targeted Fraudsters are "equal opportunity" thieves, though elderly are heavily targetted The FBI's Internet Crime Complaint Center (IC3) has released its latest annual report, detailing a significant increase in internet-enabled crimes ...

Check fraud is discussed on The Payments Podium Some of the "specialized skills" need for check fraud are identified Many financial institutions struggle with rules and regulations that determine liability As has been made clear in this space many times previously, even in today's increasingly digital world checks remain a ...