Fraud Prevention

Chesapeake Bank has appointed Grant Garber as Assistant VP, Director of Fraud Prevention, and Nate Cobb as Assistant VP, Director of Operations. Garber will lead the new fraud prevention department, leveraging his compliance expertise. Cobb, with his operational background, will oversee operational infrastructure. These appointments, following the bank’s AARP BankSafe Trained Seal award, reflect Chesapeake Bank’s commitment to strengthening security, optimizing operations, and enhancing customer experience.

Intellicheck, Inc. (IDN) announced a transformative three-year, high-seven-figure agreement with a major U.S. regional bank, expanding its identity verification platform to over 1,900 branches. The deal, including a low-seven-figure annual commitment for 2025, integrates fraud prevention tools into teller systems and digital workflows, aiming to position the client among Intellicheck’s top three revenue sources. The AI-driven platform enables sub-second ID verification, supporting account management and reducing fraud risks. CEO Bryan Lewis highlighted the partnership’s role in enhancing security and operational efficiency for the $500 billion-asset bank. Rollouts begin in Q3 2025, with phased revenue increases anticipated.