It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same way they’ve done since the 18th century? Fraudsters, always looking for an easy target, are increasingly using 21st century technology...
The circle of trust and the issues around risk management explored in PYMNTS’ recent “What’s Next in Payments” articles are often heavy on future technology. They may bring to mind a consumer logging into a bank app, sending a P2P payment or transacting with a...
The Financial Crimes Enforcement Network (FinCEN) has issued Spanish translations of two resources focused on mail theft-related check fraud. The resources include FinCEN’s February 2023 alert to financial institutions highlighting a surge in check fraud schemes targeting the U.S. mail, and its September 2024 Financial...
Banks, credit unions and brokerages are reportedly racing to keep up with a surge in check fraud as tips for committing the crime are being shared on social media platforms. These scams take advantage of requirements that banks make customer money available before they fully...
February 04, 2025
It’s 2025, and yet many of America’s businesses are still stuck in the past, stubbornly clinging to paper checks. The problem with doing payments the same way they’ve done since the 18th century? Fraudsters, always looking for an easy target, are increasingly using 21st century technology to perpetrate check-based fraud and scams. According to the latest PYMNTS […]
December 20, 2024
The circle of trust and the issues around risk management explored in PYMNTS’ recent “What’s Next in Payments” articles are often heavy on future technology. They may bring to mind...
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...
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...
December 11, 2024
The Financial Crimes Enforcement Network (FinCEN) has issued Spanish translations of two resources focused on mail theft-related check fraud. The resources include FinCEN’s February 2023 alert to financial institutions highlighting a surge in check fraud schemes targeting the U.S. mail, and its September 2024 Financial Trend Analysis on mail theft-related check fraud incidents, the agency […]
November 19, 2024
Banks, credit unions and brokerages are reportedly racing to keep up with a surge in check fraud as tips for committing the crime are being shared on social media platforms....
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...
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...
