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Instant payments reduce paper-based check fraud opportunities They also accelerate how quickly criminals can move stolen funds Real-time rails shift fraud risk and liability into the transaction window Real-time payment platforms like FedNow are often framed as an elegant way to sidestep traditional check fraud, but the uncomfortable truth is that they mostly change the…

ATM “jackpotting” is now a leading U.S. ATM fraud trend, exploiting hardware and software weaknesses Criminals also abuse ATMs via infinite money glitches, skimming, card trapping, and physical theft Banks must encrypt ATM components, harden devices, and deploy AI to detect ATM check fraud Which deposit channel are you most concerned about when it comes…

Treasury’s paper-check phaseout briefly slowed, but didn’t eliminate, Treasury check fraud Fraudsters quickly adapted schemes, restoring high volumes of illicit Treasury check activity Continuous, AI-driven image analysis is essential to counter rapidly evolving check fraud On March 25, 2025, the current US administration signed an executive order entitled Modernizing Payments To and From America’s Bank Account…

Check fraud SARs surged over 700% in a decade, despite declining overall check usage Roughly three-quarters of retirement-age Americans still rely on checks, making them a target Regulators have launched an interagency Request for Information and working group to coordinate stronger anti-check fraud actions In August of 2025, we approached readers with the question: “Has…

Fraud will evolve through synthetic identities, deepfakes, mules, takeovers, and emotional scams Explainable AI reveals why fraud models flag transactions Banks need XAI to meet regulations, prove fair automated decisions, and continually refine fraud defenses How large of a challenge was fraud in 2025? Well, according to the Gasa Global State of Scams 2025 Report,…

Fraudsters build synthetic digital identities and exploit weak onboarding This makes every application into a potential new‑account attack Dynamic verification, behavioral analytics, and AI‑driven checks are essential to spot bot activity and identity reuse One of the major components of fraud are drop/mule accounts — particularly when it comes to new accounts and check fraud.…

Organized check fraud rings operate like businesses with defined leadership and roles as well as adaptable processes Key roles: orchestrators, source gatherers, production specialists, and money mules/runners, all compartmentalized Rings exploit speed, volume, and trust, using physical and digital methods to steal and alter checks Organized check fraud crime rings are not by any means…

RBC poll shows 86% of Canadians feel scam-savvy, yet 25% have already fallen victim to fraud Canadians fear AI-powered scams, deepfakes, and holiday fraud, yet many still take significant online shopping risks RBC urges verification, strong security, ongoing education, and advanced fraud technologies to protect Canadian consumers and financial institutions Over the past few years,…

Check fraud now acts as a lifecycle threat, tightly linked to account age Fraud shifts from synthetic-ID abuse on new accounts to sleeper-driven counterfeit checks Tenured accounts face collusion and takeover, demanding adaptive, AI-driven defenses tuned to lifecycle behavior. Check fraud is no longer a simple paper-based crime; it has become a lifecycle threat that…