Modernizing Omnichannel Check Fraud Detection

Download PDF Copy of the Newsletter The 'Omnichannel Credit Union': Not Just 'a Thing' - It's Working, Too! The challenge: 55% of credit union members have used a product or service from a different bank or financial institution, according to the Credit Union Tracker produced by PYMNTS, in collaboration with ...

We previously took a look at the similarities and differences between The Matrix experience and OrboGraph's OrboZone experience. Both offer a truly dynamic experience, so we would be remiss not to take a deeper dive into another key pillar in The Matrix Film Series: The AI driving the Machines. With ...

OrboGraph's Fraud Technology recognized by The Enterprise World  Research & development vital to OrboGraph's success Collaboration through client services enhances outcomes OrboGraph is proud to be recognized by The Enterprise World as one of the "Top 5 Fraud Detection & Prevention Software Companies in 2021." With check fraud persisting as ...

KLA Corporation (Nasdaq: KLAC) -- parent company of OrboGraph -- recently released their September 2021 earnings, announcing that revenue grew 8% sequentially and 35% year-over-year to $2.08 billion, finishing toward the upper end of the range of guidance. About KLA Corporation Expand KLA Corporation ("KLA") develops industry-leading equipment and services ...

Fraud remains a growing threat Offenders are low-impact/high frequency, or high impact/low frequency - which do you concentrate on? When it comes to fraud prevention, cooperation and teamwork trump competition BAI welcomed Andy Shank, vice president of fraud and risk product management at Vericast, to discuss via their BAI Banking ...

Have you seen the new trailer for The Matrix Resurrections -- in theaters and HBO on December 22, 2021? Watch it again below. The Matrix film franchise (see Wikipedia page) has many interesting characters, including Morpheus, who said: "Unfortunately, no one can be told what the Matrix is. You have to ...

Check fraud ranges from "craftsmanship" to cut-and-paste Businesses and individuals are being defrauded, at work and at home Underfunded AI and deep learning tools at small banks may be to blame for "easy fraud" WTHR-13 News of Indianapolis takes a fascinating look at the range of "craftsmanship" that goes into ...

Download PDF Copy of the Newsletter Google Abandons Plans to Offer Plex Checking Accounts - While Post Office Looks to Cash Checks About two years ago, Google shook the financial world a bit when it announced its intention to offer checking accounts to its users in partnership with banks and ...

2020 saw 14 million victims of job scams The median monetary loss for victims was $1000 Fake checks play a significant role The Better Business Bureau has released a study that shows an increase in job scams during the COVID-19 pandemic. As reported in The Augusta Chronicle: The in-depth investigative ...

Is your organization lagging behind in fraud detection and prevention tools? Waiting for a fraud event can cost more than pre-emptive fraud prevention Fraud prevention tech is not a DYI proposition In his always-entertaining Frank On Fraud blog, Frank McKenna takes a look at businesses that are struggling to get ...

Mastercard Inc. solidifies its participation in cryptocurrency Crypto fraud has steadily increased Banks will need to be aware of inevitable crossover fraud Digital Transactions, true to its name, reported a literal digital transaction as Mastercard Inc. announced last week its acquisition of CipherTrace Inc., a 6-year-old company specializing in technology ...

It's valuable to know how criminals and fraudsters think Some criminal traits are actually admirable when redirected AI and ML detect criminal tactics and habits that human observation can overlook Business Innovation Brief offers some streetwise advice: If you want to stop fraud activity, you have to think like a ...

Download PDF Copy of the Newsletter Ceto & Associates: Community Banks are at a Disadvantage in Fraud Detection Community banks and credit unions are at a disadvantage. Their lack of necessary internal resources and budget to upgrade their systems and integrate new technologies compared to big banks leads to gaps ...

In a digital world, check fraud still leads the pack There are common "ingredients" to each fraud "recipe" Consumers can protect themselves Joshua Riggins, president of Farmers and Mechanics Federal Savings Bank, makes no bones about it in an article for the Greene County Daily World: Even in the rapidly ...

Rising check fraud means banks and credit union must be vigilant The answer is better technology, but can small banks and credit unions compete? AI technology and deep learning lead to prevention rates approach 95% Community banks and credit unions are at a disadvantage. Their lack of necessary internal resources and ...