A new study tracks how fintechs are reshaping partnership strategies with credit unions The data indicate rising fintech‑credit union alignment Credit unions are pursuing third‑party innovation rather than building everything internally Fintechs are increasingly turning toward community banks and credit unions, and the fastest way to bring those innovations to ...

Download PDF Copy of the Newsletter Highlighting the "Hotspots" For Check Fraud in the USA Back in May of this year, we wrote a post pointing out which regions of the USA were "hotspots" for mail theft/stolen checks. These hotspots were focused around large metropolitan areas, where we surmised a ...

Automation streamlines efficiency and the customer experience A whopping 76% of banks have not just invested, but implemented new automation tech AI/ML technologies enabled banks to achieve 99% read rates and 99.5%+ accuracy For financial institutions, automation has been a key goal for decades. Not only does it increase operation ...

Emerging technologies now power modern, scalable bank payment stacks APIs and events enable real-time routing, pricing, and settlement decisions Payments modernization aligns efficiency, revenue, experience, and integrated fraud and risk controls The PaymentsJournal article "How Emerging Technologies Are Powering the Modern Payments Stack," by Wesley Grant, explains why modernizing payments ...

Balancing high throughput and low latency is essential for modern, AI-based check processing OrboAnywhere Turbo 6.0 boosts throughput while sharply reducing latency on existing hardware. Modern AI infrastructure with ONNX & NVIDIA GPUs enables real-time check recognition & fraud detection In a recent Medium blog post, banking transformation leader Amit ...

Goldman Sachs CEO David Solomon argues AI enhances bankers' productivity instead of eliminating jobs Higher productivity and business growth from AI encourage banks to hire more high-value, AI-skilled staff In check processing, AI boosts automated read accuracy above 99%, freeing staff for revenue-generating work It is no secret that, as ...

Download PDF Copy of the Newsletter Phyllis Meyerson's Lasting Legacy: The Blockbuster Story Behind Check 21 On October 15, 2025, the payments industry lost one of its icons. Phyllis Meyerson was a 50-year payments and check-processing veteran, accumulating numerous professional certifications and making a lasting impact on the payments industry through ...

On October 15, 2025, the payments industry lost one of its icons. Phyllis Meyerson was a 50-year payments and check-processing veteran, accumulating numerous professional certifications and making a lasting impact on the payments industry through her leadership and service. Phyllis was more than her professional achievements. She was known for ...

Lawmakers urge delay in ending federal paper checks Vulnerable groups risk exclusion and fraud with digital-only payments The waiver process for paper checks is confusing and bureaucratic The US Government's initiative to eliminate paper checks has met with more resistance than initially expected. While digital transactions are faster and safer, ...

ITMs offer a spectrum of self service features Banks are able to extend their availability via ITMs Tellers are available via video banking, offering customer support The ongoing transformation of branch banking, fueled by the rise of Interactive Teller Machines (ITMs), is reshaping how financial institutions engage their customers in ...

Download PDF Copy of the Newsletter Highlighting the "Hotspots" For Check Fraud in the USA Back in May of this year, we wrote a post pointing out which regions of the USA were "hotspots" for mail theft/stolen checks. These hotspots were focused around large metropolitan areas, where we surmised a correlation ...

There are roadblocks to innovation in the banking industry Negatives can be turned to positives One way to deploy new technologies is working with new vendors Innovation in the banking sector faces persistent roadblocks that hinder transformation and progress, as explored by Paweł Stężycki in Netguru's insightful article "Seven Barriers ...

U.S. Treasury Department has officially "eliminated" paper check disbursements -- with many exceptions New resources page published by the U.S. Treasury to assist in transition How will this impact inancial institutions? As many are aware, as of September 30, 2025 the US Government has officially ended distributing paper check disbursements. ...

The U.S. government plans to eliminate paper checks in federal payments Small businesses face a challenge Local merchants, contractors,& independent service providers rely on checks PYMNTS takes a look at the U.S. government's move to eliminate paper checks in federal payments, which is accelerating digital payment adoption for the government ...

AI is transformative for the banking industry Barriers to adoption include trust and data Many banks are unaware that they are already leveraging AI Artificial intelligence (AI) is transforming the banking industry, offering innovative solutions to improve customer experiences, streamline operations, and enhance risk management.​ However, trust and data accuracy ...

Download PDF Copy of the Newsletter What We Learned at the OrboGraph Check Fraud Roundtable OrboGraph has been bringing together financial institutions and technology providers to collaborate on the future of fraud prevention. Our most recent milestone - the eighth overall and third in-person Check Fraud Roundtable - took place ...

Agenic AI has impressed many in the banking industry Meticulous care is required when handling customer data Today's AI is not agenic AI As financial institutions gravitate toward innovative automations like agentic AI, the allure of "zero operations"-where everyday banking processes run themselves-appears within reach. Yet, according to Biswajit Das ...

Burlington, MA, September 8, 2025 - Quinte Financial Technologies, a trusted partner helping banks and credit unions thrive in the digital age with intelligent domain-driven automation and cloud-based solutions and OrboGraph, a leading provider of AI-powered check fraud detection and image recognition solutions, today announced a strategic alliance to deliver an ...

The Federal Reserve is adopting fintech solutions The private sector has blazed a trail Technologies implemented today lay the groundwork for tomorrow's success PAYMENTS DIVE reports that the Federal Reserve is making strides towards embracing financial technology (fintech) innovations like tokenization, smart contracts, and especially artificial intelligence (AI) within payment ...

Download PDF Copy of the Newsletter Has a Reactive Approach to Check Fraud Backfired? While various publications and other media point out the sharp increase in check fraud over the past few years, many industry experts pinpoint the start of check fraud over a decade ago. OrboGraph's own James Bi, ...

The banking industry's primary challenge is not reinventing core processing systems Effective integration with modern, customer-facing technologies is the key Not all banks are ready to undertake the expense and upheaval of a core conversion According to a recent opinion piece on the BAI website by Mike Nicastro, CEO and ...

Some banks are struggling to modernize outdated systems. Customer expectations demand that banks keep up. Many financial institutions are able to modernize through various partnerships According to a recent Samsung Business Insights article, banks are struggling to modernize their outdated legacy technology systems, which are holding them back from delivering ...

Singapore has set a goal for eliminating use of paper checks EDP and EDP+ have recently been launched Will other nations follow suit? Back on July 28, 2023, the Monetary Authority of Singapore (MAS) made an announcement to eliminate corporate cheques (checks) by the end of 2025. This announcement came ...

Magnetic Ink Character Recognition traditionally required scanners to read MICR code Today many checks are not printed with the magnetic ink needed for MICR What are the implications of phasing out MICR? The Troy Group is a technology and security solutions company specializing in secure check and document printing. In ...

Download PDF Copy of the Newsletter NICE Actimize Report: Check Fraud Accounts for 52% of Overall Fraud-Value Attempts In a recent press release, NICE Actimize published its annual report on fraud, based on 2024 data. The report, entitled "2025 NICE Actimize Fraud Insights Report, U.S. Retail Payments Edition," focuses on US ...

Check usage has actually increased in recent years Checks persist for many reasons, including it's role as an "easy solution" Retailers are actually moving away from cash Recently, data from AFP on business check usage noted that use of paper checks jumped from 75% in 2023 to 91% in 2024. ...

President Trump issued an executive order calling for a shift by federal government agencies away from paper checks The deadline for this shift is September 30 The Center for Taxpayer Rights expressed concerns on behalf of underbanked and unbanked Americans As reported in Payments Dive, the U.S. Treasury Department is ...

Small and "micro" businesses make up nearly 100% of all businesses These SMBs find themselves often underserved in the banking zone A Deloitte survey says SMBs want banking experiences that compare to retail Small and micro businesses (SMBs) make up over 99% of all U.S. businesses, but they are a ...

Download PDF Copy of the Newsletter USPS Report Shows Ineffectiveness of New eLocks for Mail Theft A major component to Project Safe Delivery -- the USPS Initiative to fight back against mail carrier and mailbox robberies -- is the installation of new electronic locks that can only be opened utilizing an ...

Payment modernizations are becoming common Some businesses, however, have not taken advantage of new technologies Collaboration between financial institutions and businesses is important Over the past few years, financial institutions, along with fintech vendors, have taken the initiative in pushing innovation and new technologies to modernize payments. While new payment ...

Zillennials are in the 20-something to early-30s age group Most Zillennials do thier banking via smartphone Banks need to adjust to Zillenial banking habits Who are these "Zillennials" you ask? Well, they're the generation that straddles the line between millennials and Gen Z - the 20-somethings and early 30-somethings who ...

An executive order eliminates payments by check This could present difficulties for senior citizens In the end, checks will likely persist On March 25, 2025, the administration signed an executive order entitled Modernizing Payments To and From America's Bank Account. The Sec. 3. of the executive order details actions to ...

AI is difficult for some bank to adopt The right strategy allows late-adopting banks to succeed A structured, enterprise-wide approach to AI deployment is crucial Despite the transformative potential of artificial intelligence (AI), we've seen many banks struggle to scale their AI initiatives beyond the proof-of-concept stage. As outlined in ...

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 ...

The "Universal Banker" concept is still in development Declining branch traffic and digital banking growth have created need for universal banker approach Remote connections via video are one alternative The Financial Brand reports that, more than a decade after banks and credit unions began rebranding their tellers as "universal bankers," ...

Physical banks were once widespread and expanding quickly Bank of America continues to invest in physical branches Customers value "speaking to a human" Only a couple of decades ago, financial institutions across the US were aggressively expanding their physical footprint, opening branches in new territories AND increasing more branches in ...

Outdated back-end systems drive up costs New tech must take into account legacy systems 91% of businesses still use checks regularly We've said it before, and we'll say it again: Platform modernization is a critical priority for banks, driven by competitive pressures and the need for greater efficiency. However, these ...

Modernizing back-office systems is now vital Outdated systems are harder to maintain A rapidly evolving industry means FIs need to keep up BAI posted an article that first appeared at greensheet.com, discussing the fact that financial institutions must prioritize modernizing their payments back-office to stay competitive and defend against fraud. We ...

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 ...

Some pundits predict "the end of checks." A Trump executive order has eliminated checks from federal government payments It is unlikely that the public in general will follow suit. "I think we're probably rushing towards the point where checks just aren't going to be a thing anymore." This is a ...

Download PDF Copy of the Newsletter Check Payments Most Often Subjected to Fraud According to New 2025 AFP® Payments Fraud and Control Survey Earlier this week, AFP released the results of their "2025 AFP® Payments Fraud and Control Survey". This report is an important tool for FIs and the banking ...

The media claims "checks are dead" Reality shows checks surging Active check usage demands strong security What mainstream media is saying about paper checks: Washington Post - 2023: "Paper checks are dead. Cashing is dying. Who still uses them? ABA Banking Journal - 2024: "Is it time to kill the ...

Modernizing tech presents a formidable challenge Sheer volume is a primary obstacle Many FIs face the issue by relying on outdated legacy technology In a recent discussion with BAI.org, Carlos Lopez, Strategic Initiatives Analyst at Jack Henry addresses the challenges financial institutions face when it comes to modernizing their technologies. ...

Open banking is expected to grow rapidly Complex regulations are common worldwide Open banking can "dismantle silos" A recent post at Forbes.com points out that open banking is revolutionizing the financial services industry by enabling secure data exchange between banks and third-party providers. The European Union's Revised Payment Services Directive ...

A major transformation is occurring in the banking industry Physical bank branches are still "essential" Cash automation strategies create a competitive edge Forbes.com reports that the banking industry is undergoing a major transformation, as financial institutions strive to meet the quickly evolving needs and preferences of modern customers. For instance, ...