Search Results: blockchain
If you don’t know already, Blockchain is a ledger of records arranged in data batches called blocks that use cryptographic validation to link themselves together. Each block references and identifies the previous block by a “hashing function,” forming an unbroken chain, which is where we get the name. (We’ve discussed Blockchain in the OrboNation before for banking and…
Read MoreA few months ago we asked “How Will Banks React to the Blockchain?” Now it’s the healthcare sector that needs to take a good look at Blockchain and its potential integration into RCM. Here’s an excellent Blockchain primer from Blockgeeks.com using a GoogleDocs analogy: “The traditional way of sharing documents with collaboration is to send a Microsoft Word document…
Read MoreIf you’re not altogether comfortable with your grasp of what is being called the blockchain, you are not alone. Fortunately, a new book by William Mougayar called The Business Blockchain: Promise, Practice, And Application Of The Next Internet Technology comes to the rescue. As Banking Exchange’s Steve Cocheo points out in his article about the book, you’ll have to read…
Read MoreOne of the hottest topics in the news this week is Bitcoin Halving. The Bitcoin network is built on a foundation of scarcity and decentralization, with Bitcoin halving playing a pivotal role in both. This event, occurring approximately every four years, is not only a scheduled element of the Bitcoin monetary policy but also a…
Read MoreIn recent years, increased use of mobile banking has opened new avenues for fraudsters to exploit. The same convenience and speed that has made mobile check deposits a popular choice for consumers has also made them an attractive target for criminals. One common fraudster tactic is stealing checks from mailboxes and then selling them on…
Read MoreCheck fraud is “the oldest fraud in America” Postal carriers are being physically assaulted “Supply and demand” of checks for fraud is elevated these assaults even further Fraud is a major topic throughout the business world. No matter the type — from retail to big tech — fraud remains one of the biggest challenges. This…
Read MoreUse of AI and machine learning expected to escalate against fraud A majority of organizations plan to increase their anti-fraud tech budgets The pandemic has certainly been a factor The Association of Certified Fraud Examiners and SAS released their Anti-Fraud Technology Benchmarking Report 2022 — a report exploring how organizations are using anti-fraud technologies and which ones…
Read MoreIn case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.
Read MoreAs we start off the new year, an article from the American Banker highlights seven bank trends to watch in 2022. The key, according to their analysis, is providing ultraconvenience to customers. As you take a look at the list below, we strongly recommend you compare the trends to your bank’s plans for the new…
Read MoreMastercard 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 to combat money laundering and…
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