Financial crime prevention firm Featurespace has launched a partnership with fraud detection software maker OrboGraph. The collaboration, announced Tuesday (July 23), is aimed at protecting financial services companies from check fraud. “Check fraud is a growing and concerning area of financial crime — we know...
Despite the prevalence of digital alternatives, checks continue to be a preferred payment method for many organizations. PYMNTS Intelligence research underscores this trend, revealing that checks constitute a significant portion of business-to-business (B2B) transactions across various industries. In real estate, nearly 21% of B2B transactions...
Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the companies said in a Tuesday (April 9) news release. “Our vision has always been to create an end-to-end, comprehensive platform...
For the bad actors, check fraud is en vogue. For consumers, and for banks, the rising embrace of disbursements may have a positive knock-on effect: cutting down on check fraud by reducing the number of checks intercepted by fraudsters. As reported, the Financial Crimes Enforcement...
November 05, 2024
Given the chance, most consumers will choose digital payments over paper checks. Yet the check endures, expensive to make and mail and manage, and they often sit uncashed at the back of a drawer for weeks and even months. And yet, as Rusty Pickering, president and chief operating officer of Ingo Payments, recently observed, there’s […]
November 28, 2022
Everything’s digital now, and paper check fraud hails from a bygone age, right? Wrong. Data finds the exact opposite, as the glaring problem with remote check capture is...
October 21, 2022
Despite rallying cries like “kill the paper check,” this form of payment survived the pandemic digital shift, remaining popular as a form of mass disbursement — and a favorite of fraudsters....
January 17, 2020
In today’s top news, China’s economy grew by its slowest rate since 1990, Alphabet reached $1 trillion market value, and attempted check fraud spiked 43 percent. China Posts Worst...
July 23, 2024
Financial crime prevention firm Featurespace has launched a partnership with fraud detection software maker OrboGraph. The collaboration, announced Tuesday (July 23), is aimed at protecting financial services companies from check fraud. “Check fraud is a growing and concerning area of financial crime — we know banks and financial institutions are experiencing a rise in reports […]
April 09, 2024
Fraud and risk platform DataVisor says it has launched a partnership with identity verification provider Mitek. The collaboration gives financial institutions (FIs) a single-platform check fraud protection service, the companies said in a Tuesday...
February 15, 2024
Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023. With that in mind, identity...
July 20, 2023
B2B payment platform OnlineCheckWriter.com has launched a new security feature. The automated Positive Pay service streamlines cash management and boosts fraud detection for businesses, the company said in a Thursday (July 20) press release. “Our...
