Skip to content

Blog Post

Is Instant Disbursement the Answer to Fraud?

April 16, 2024

Check fraud continues to grow at an alarming rate PYMNTS reports Fed recommendation of electronic payment methods, or “instant disbursement” The data show less than 50% adoption of instant disbursement As we all know, check fraud continued to surge in 2023, and is likely to surge in 2024. A post at reported estimates by…

Read More

Drivers for Upgrading Core Systems in Banking

April 11, 2024

Core Banking systems are becoming vital Centralization of information is key Straight-Through Processing ranks high in importance for successful core banking At Fintech Futures, Principal Fintech Analyst at Omdia Philip Benton takes a look at the state of core banking systems. He appropriates his fellow FinTech Futures columnist Dharmesh Mistry’s definition: To define core banking, Dharmesh…

Read More

Starting from the Beginning: Common Check Fraud Scams and Examples

April 10, 2024

There are common fraud tactics to look out for Check fraud is on the increase Consumers can stop fraud by being aware of certain telltale signs While many of our blogs take an in-depth look into different topics and trends surrounding check fraud, it’s important to remind ourselves of the various types of check fraud…

Read More

Bank M&A: Fraud Concerns with Legacy Systems

April 9, 2024

Michael Hsu backs FDIC’s proposal for increased scrutiny of bank mergers surpassing $100 billion Legacy systems in banking pose vulnerabilities that can be exploited by hackers during mergers Larger financial institutions are more reluctant to adopt open banking Mergers & acquisitions are commonplace in the banking. Whether it’s two financial institutions looking to strengthen their…

Read More

Fintech Futures: Are Legacy Core Systems the Banking Equivalent of “Kodak” and “Blockbuster”?

April 4, 2024

The days of overnight processing in the consumer banking sector are over About 50% of banks, however, still use overnight batch processing Real-time data processing is now not only recommended, but crucial At Fintech Futures, banking industry veteran Dharmesh Mistry argues that that many banks still rely on outdated legacy core banking systems that do…

Read More

Ex-US Secret Service Member Recounts the History of Check Fraud Investigations

April 3, 2024

The United State Secret Service also investigates financial crimes Check fraud detection used much different methods in the 90s Check fraud is on the rise, but so is the effectiveness of AI tech designed to detect and prevent it Some may be surprised to see the Secret Service mentioned in conjunction with financial crimes. Don’t…

Read More

Push Notifications – Putting the Onus of Check Fraud on Consumers?

April 2, 2024

Check fraud is on the rise in the US Fraudsters have many methods at their disposal Direct engagement between banks and customers can help reduce fraud In an article at Refine Intelligence, Daniel Shkedi, Head of Product Marketing & Strategy at Refine Intelligence, opens with a flashback: Late one restless night in 2023, I found…

Read More

OrboNation Newsletter: Check Processing and Fraud – March 2024

March 29, 2024

In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.

Read More

New Cooperative Effort to Fight Mail Fraud

March 27, 2024

A new cooperative effort to combat check fraud is announced An infographic provides a great overview Collaboration is the key to success The American Bankers Association and the U.S. Postal Inspection Service have announced a cooperative effort to combat check fraud, kicking off the partnership with a rather extraordinary new infographic designed to educate consumers about what they can…

Read More

OrboGraph Awarded AI Excellence Award by the Business Intelligence Group for Innovations in Check Fraud Detection

March 27, 2024

OrboAnywhere Sherlock 5.3 Release blends consortium and dark web monitoring with image forensics Burlington, MA, March 26, 2024 – OrboGraph, a premier supplier of check processing automation and fraud detection software and services, has won the prestigious AI Excellence Award in the Hybrid Intelligent Systems category for significant contributions to enhancing check fraud detection capabilities…

Read More