Credit unions now rely on FinTech partners as their primary innovation engine Misaligned timelines, governance, & ROI expectations create friction despite shared strategic goals Stronger upfront alignment on structure and metrics turns partnerships into competitive advantage PYMNTS.com explores how credit unions once treated FinTech collaborations as side projects. However, now ...

Acquisition brings three decades of AI and machine learning expertise to integrate fraud detection capabilities across Kinective's client base of more than 4,000 financial institutions PHOENIX (March 31, 2026)-Kinective, the company delivering intelligent banking to over 4,000 banks and credit unions every day, today announced its acquisition of OrboGraph, an ...

Download PDF Copy of the Newsletter OrboGraph Publishes New Analysis of Suspicious Activity Reports (SARs) Trends For years, the industry relied on the American Bankers Association's (ABA) Deposit Account Fraud Survey as the central source for fraud trends. However, with the last report being published back in 2020 based on 2018 data, ...

Recognition honors measurable impact in combating check and deposit fraud through advanced AI BURLINGTON, MA - March 26, 2026 - OrboGraph is pleased to announce it has been named a winner in the 2026 Artificial Intelligence Excellence Awards in the category of Fraud Detection and Prevention. Presented by the Business ...

Many small businesses still favor paper checks for familiarity, control, and perceived low cost This reliance hides higher true check costs and exposes firms to growing fraud risk Advanced check fraud detection lets businesses keep checks while significantly reducing fraud exposure In spite of a steady rise in digital payments, ...

AI has moved from experimentation to widespread, real-world deployment across financial services Most financial institutions are modernizing legacy systems so AI can scale securely Over half of FIs now partner with fintechs to accelerate AI-driven modernization For far too long, banking institutions relied upon outdated, legacy technologies and systems. Unfortunately, ...

Legacy systems swallow IT budgets, diverting funds from innovation, modernization, and AI-ready capabilities Banks spend most tech dollars just keeping outdated platforms operational and barely compliant Modernization reallocates budget from maintenance to strategic growth, customer experience, and operational efficiency One major factor holding the banking industry back is undoubtedly its ...

ICBA urges community banks to advocate preserving Federal Reserve check-processing services Potential Fed cutbacks could disrupt smaller banks' operations, payments workflows, and customer experience Community banks should strengthen fraud defenses using federal tools, ICBA resources, and solution providers The Independent Community Bankers of America is calling on community banks to ...

Download PDF Copy of the Newsletter Are Financial Institutions Ready to Shift from Automation to Cognitive Enterprise? A recent article published on Forbes.com takes a look at the evolution of technology from simple banking automation to a cognitive enterprise model where AI learns, reasons, and collaborates with people across the ...

AI in banking should reduce friction and elevate staff, not replace people​ Automated check processing with AI streamlines deposits, reallocating staff to revenue tasks​ XAI‑driven check fraud tools prioritize alerts, enabling faster, more confident analyst decisions In a recent Forbes Finance Council post, Paul Davis of Bank Slate Consulting argues ...

Banking is shifting rapidly toward AI-powered cognitive enterprises and automation SEffective intelligent automation requires human oversight, governance, and coordinated orchestration OrboGraph applies specialized AI to improve payments, fraud detection, and anomalies A recent article published on Forbes.com takes a look at the evolution of technology from simple banking automation to ...

Fed request to rethink check clearing sparks strong pushback from industry leaders Fed Vice Chair of Supervision & small business advocates argue checks remain vital for payments Critics warn eliminating Fed check services risks cash flow and market stability Over the past handful of years, we've seen so-called industry experts ...

AI-driven automation now spans chatbots, fraud monitoring, and robotic process automation Advanced check processing AI achieves up to 99.8% read accuracy, minimizing manual work​ GPU-powered systems double to quadruple throughput, making AI affordable for all banks For decades, the banking industry has been chasing the elusive goal of automation -- ...

Download PDF Copy of the Newsletter Why Explainable AI is Critical for Fraud Defense How large of a challenge was fraud in 2025? Well, according to the Gasa Global State of Scams 2025 Report, global fraud losses reached an estimated $442 billion, with nearly 70% of adults worldwide encountered a scam ...

AI turns financial data into predictive, real-time decision engines for automation NLP, RPA, and analytics streamline banking services and operational efficiency AI-driven transaction and image forensics greatly improve check fraud detection accuracy AI in financial services increasingly relies on machine learning to turn vast historical datasets into live decision engines. Analytics Insight, ...

Fed reverses course, again accepting penny deposits at all commercial coin distribution centers Limited penny deposits stranded banks with surplus coins, storage issues, and higher handling costs The penny situation largely follows the same trajectory as paper checks Back in February 2025, The Trump administration announced plans to end penny ...

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 ...