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Nearly half of all consumers receive check payments from businesses last year. This is yet another reason why banks and credit unions must continue promoting consumer mobile deposit.
(RemoteDepositCapture.com, 03/20/2019)
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Jack Henry & Associates' ProfitStars® division announced the addition of JHA Payment Solutions' Ensenta mobile consumer and business remote deposit capture (RDC) services to the Independent Community Banks of America® (ICBA) Preferred Service Provider program.
(Jack Henry & Associates, Inc., 03/19/2019)
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As many as one-quarter of small business are considering switching financial institutions. To fend off defections, FIs should consider taking a page from their retail banking playbooks.
(RemoteDepositCapture.com, 03/06/2019)
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Specific endorsement language and the verification process of such endorsements (if any) have been top of mind for many Financial Institutions. How Financial Institutions approach both continues to evolve.
(RemoteDepositCapture.com, 02/28/2019)
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While Checks are still popular for B2B transactions, ACH payments are gaining in popularity and use. Now, some banks look to crypto-currencies as the next frontier in B2B transactions.
(RemoteDepositCapture.com, 02/27/2019)
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As we enter the next phase of the mobile RDC evolution, the need for in-app intelligence is growing. Think in terms of auto- and multi-check capture, flexible deposit limits and automated endorsement validation.
(RemoteDepositCapture.com, 02/21/2019)
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Achieving broader consumer adoption of mobile RDC requires financial institutions to find a balance between fraud management and customer satisfaction. New and emerging tools can help.
(RemoteDepositCapture.com, 02/14/2019)
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While notable gains have been achieved in mRDC adoption, the lion’s share of consumer check deposits have yet to migrate to the mobile channel.
(RemoteDepositCapture.com, 02/06/2019)
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Deluxe Corporation announced that it has signed an agreement with Transactis, a leading provider of electronic billing and payment solutions. This relationship allows Deluxe Treasury Management Solutions to sell Transactis’ technology to existing financial customers, along with current and new commercial customers.
(Deluxe Corporation, 02/04/2019)
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Top Image Systems Ltd., a global innovator of intelligent content processing solutions, today announced that it has signed a definitive agreement to be acquired by Kofax, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end processes.
(Top Image Systems, 02/04/2019)
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New polling suggests financial institutions preparing for expanded RDC adoption by SMBs.
(RemoteDepositCapture.com, 01/31/2019)
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Mitek, a global leader in mobile capture and digital identity verification solutions, announced its financial results for the first quarter of fiscal 2019 ended December 31, 2018.
(Mitek, 01/29/2019)
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2019 may prove a break-out year for network scanner deployments that support remote capture applications for branch personnel and corporate clients.
(RemoteDepositCapture.com, 01/29/2019)
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Alogent announced that Partner Colorado Credit Union, serving more than 32,000 members, has expanded its use of Alogent’s teller and remote deposit software to now include merchant capture.
(Alogent, 01/28/2019)
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Lower check volume but higher average dollar values points to continued preferences for check payments among businesses.
(RemoteDepositCapture.com, 01/23/2019)
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Capital Bank was recognized for an innovative approach to product development with Remote Deposit Capture (RDC) in the small bank category. Partnering with Deluxe Treasury Management Solutions, Capital Bank expanded RDC beyond check deposit to include the capture of remittance items and general documents.
(Capital Bank N.A., 01/17/2019)
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New and improved fraud and risk management tools are top priorities for RDC device manufacturers and solutions providers in 2019.
(RemoteDepositCapture.com, 01/16/2019)
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Last year proved to be a big year for small- and mid-sized business RDC. There was also a growing focus on better integration of RDC solutions with business needs, and fraud & risk management advances. But efforts to promote fully-electronic checks suffered a regulatory set back.
(RemoteDepositCapture.com, 01/08/2019)
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The Fed has put the kibosh on clearing fully-electronic checks through the Reserve Bank System, despite strong industry support. Proponents aren’t giving up just yet, though.
(RemoteDepositCapture.com, 12/27/2018)
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What’s a great way to future-proof check capture devices? By adding on-board intelligence, says Panini.
(RemoteDepositCapture.com, 12/19/2018)
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Capital Bank, a $1.1 billion-asset institution in the shadow of the nation’s capital, has been recognized by Aite Group for its innovative approach to RDC product development.
(RemoteDepositCapture.com, 12/18/2018)
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RDC solution providers up their games to support SMB market expansion opportunities.
(RemoteDepositCapture.com, 12/13/2018)
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The 2018 Mobile Deposit Industry Study finds financial institutions moving toward a new generation of product development, where end-user experiences and functionality become table-stakes.
(RemoteDepositCapture.com, 12/04/2018)
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Panini is pleased to announce that the EverneXt™ intelligent check scanner with throughput speed up to 160 documents per minute (DPM) and on-board processing capability that allows for an OS-agnostic integration to a variety of host devices via HTTPS protocol, has officially been verified as Citrix Ready®.
(Panini, 12/04/2018)
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ScanBox by Digital Check®, the popular tablet-based scanning platform for banking kiosks and self-service stations, is now available in North and South America after a successful introductory period in select overseas markets.
(Digital Check, 12/04/2018)
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New poll suggests RDC solution providers could be at risk of losing clients, as 1 in 5 financial institutions signal vendor dissatisfaction.
(RemoteDepositCapture.com, 11/30/2018)
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Financial institutions, working with solution providers, are bolstering defenses against fraudulent checks and related risk scenarios with real-time tools.
(RemoteDepositCapture.com, 11/27/2018)
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Canon U.S.A., Inc., has announced the availability of the imageFORMULA CR-L1 compact check transport, an easy-to-use solution for high-volume batch Remote Deposit Capture (RDC) and remote lockbox check processing.
(Canon U.S.A., Inc., 11/15/2018)
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The Federal Reserve Board approved final amendments to simplify Regulation J (Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers through Fedwire) and to make it conform more closely with Regulation CC (Availability of Funds and Collection of Checks). The amendments become effective as of January 1, 2019.
(Federal Reserve Board, 11/15/2018)
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The Fed appears to be getting real about faster payments while giving short shrift to schemes for faster check payments.
(RemoteDepositCapture.com, 11/15/2018)
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Ten years on, mobile deposit user growth appears to be slowing. Fears about change, lack of education, and financial institution inertia are some of the reasons why. Still, additional growth can be achieved.
(RemoteDepositCapture.com, 11/08/2018)
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Many financial institutions aren’t validating restrictive endorsements on mobile RDC items even though there are technology tools available that can automate the process.
(RemoteDepositCapture.com, 11/01/2018)
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It’s interesting that ASG Technologies Group is quick to mention Mitek’s shortfalls - yet will not give up on acquiring Mitek. Perhaps Mitek’s 33 patents are a factor. And although overall check volumes have been in decline, the check capture industry continues to grow significantly.
(Digital Transactions, 11/01/2018)
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The SmartSource Micro Adaptive SE is a new compact and affordable scanner from Digital Check, capable of capturing checks, full-page documents, and ID cards.
(Digital Check, 11/01/2018)
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There’s a trend emerging among financial institutions with consumer mobile deposit offerings to shorten recommended timeframes for destroying original paper checks post deposit.
(RemoteDepositCapture.com, 10/31/2018)
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CUNA members can now access a free recording of a webinar outlining the latest development in patent litigation brought against several credit unions involving remote deposit capture (RDC) technology.
(CUNA, 10/31/2018)
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Digital Check now offers the SmartSource Elite 55 SE, the latest in its Serial Embedded series of check scanners with onboard processing power. The new addition joins the existing Micro Elite SE in the company’s versatile lineup of SE devices.
(Digital Check, 10/30/2018)
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Leading Wholesale Distributor of Foodservice Disposables, Janitorial and Office Supplies, Industrial Packaging, and Clean/Natural Foods Rolls Out FTNI's ETran Integrated Receivables Platform to Streamline Accounts Receivables Operations for Check and ACH Processing.
(FTNI, 10/29/2018)
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Frauds involving noncash payments are outstripping transaction value growth by a factor of 3. The increases are being driven largely by card fraud. Check fraud losses are down, though, according to a new Fed report.
(RemoteDepositCapture.com, 10/24/2018)
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A new report finds the bar is being raised for consumer mobile deposit experiences, with more focus on easy-to-use apps and higher, more flexible deposit limits.
(RemoteDepositCapture.com, 10/18/2018)
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Financial institutions are beginning to wake up to the fact that they can offer RDC customers accelerated availability for a fee while squeezing risk from the deposit process.
(RemoteDepositCapture.com, 10/11/2018)
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How does a financial institution discern if a small business is a good fit for mobile or scanner-based RDC solutions? There are several considerations, pricing sensitivity, check volumes and frequency of deposits among them.
(RemoteDepositCapture.com, 10/03/2018)
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Remote deposit capture for small businesses needs to be positioned as more than just a faster, cheaper way to deposit check payments. Just like large corporations, small businesses want RDC solutions that include features like remittance document scanning and integration with accounting software.
(RemoteDepositCapture.com, 09/27/2018)
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Poll Central finds demand for RDC devices that can be networked, are wireless and that can capture invoices and other payment-related documents.
(RemoteDepositCapture.com, 09/26/2018)
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Opportunities exist for financial institutions that leverage remote deposit capture as more than just another deposit channel. RDC with full-page scanning to support integration with AR automation routines can augment corporate cash management service lines.
(RemoteDepositCapture.com, 09/23/2018)
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When the original check is not available, the final amendments update Regulation CC to include a presumption that a substitute or electronic check was altered in certain cases of doubt.
(Federal Reserve Board, 09/12/2018)
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A $1 billion asset bank with a branch network that spans rural South Dakota and Nebraska is pioneering a trend toward network-enabled branch banking.
(RemoteDepositCapture.com, 09/06/2018)
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Remote deposit capture appears to be entering a new evolutionary phase, where the user experience takes on greater import, as do transaction monitoring, reporting and actionability.
(RemoteDepositCapture.com, 08/29/2018)
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Fully electronic checks are the latest in a string of innovations that have enhanced the efficiency of the check payment system. So why does the Fed seem to be erecting barriers to adoption?
(RemoteDepositCapture.com, 08/23/2018)
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The path to more effective compliance with anti-money laundering and related regulatory regimes is lined with new and improved technologies, like machine learning and robotic process automation.
(RemoteDepositCapture.com, 08/16/2018)