-
Omni-channel has become a go-to customer service strategy for financial institutions large and small. It should be the go-to strategy for check fraud detection, too. Two CU case studies illustrate how this pays off.
(RemoteDepositCapture.com, 06/25/2019)
-
The Consumer Financial Protection Bureau and the Federal Reserve Board today jointly published amendments to Regulation CC that implement a statutory requirement to adjust for inflation the amount of funds depository institutions must make available to their customers.
(Federal Reserve Board, 06/24/2019)
-
APIs are transforming the way financial institutions interact with nonbank financial technology providers and their mutual customers. Integrated receivables are one example. But there is a crying need for standardization.
(RemoteDepositCapture.com, 06/07/2019)
-
New research finds 1 in 4 consumers now uses mobile RDC to make deposit to their accounts at financial institutions.
(RemoteDepositCapture.com, 06/04/2019)
-
The results of this latest poll are supported by our own data, as well as independent research. Check it out.
(RemoteDepositCapture.com, 05/30/2019)
-
Financial institutions need to be more strategic in the way they address business clients’ receivables management pain points, or risk customer defections. Think integrated receivables.
(RemoteDepositCapture.com, 05/29/2019)
-
Check usage isn’t going the way of the dinosaur here in the U.S. And it’s experiencing a renaissance of sorts in some developing countries.
(RemoteDepositCapture.com, 05/28/2019)
-
Mobile device usage is climbing steadily, and carrying with it self-service banking activities like mobile RDC. While consumer activity dominates, new use cases, including mobile RDC for SMBs, are gaining.
(RemoteDepositCapture.com, 05/09/2019)
-
For Financial Institutions who serve business customers, now is the time to commit to delivering an Integrated Receivables offering.
(RemoteDepositCapture.com, 04/30/2019)
-
Experience breeds wisdom, and for many financial institutions, particularly larger FIs, experience offering mobile RDC is giving rise to the ability to set higher and even customized consumer deposit limits.
(RemoteDepositCapture.com, 04/25/2019)
-
Financial institutions and their customers are getting clobbered by payment frauds, as cyber-criminals launch new attacks like invoice and account takeover frauds. mRDC offers defensive tools.
(RemoteDepositCapture.com, 04/24/2019)
-
Sound risk management policies and procedures for RDC products are more than a good idea, they are a regulatory necessity for financial institutions. Here’s a look at ways some FIs are coming up short.
(RemoteDepositCapture.com, 04/17/2019)
-
Reg CC amendments that took hold last year established new warranties and indemnities related to RDC and electronic checks. Learn how these might play out under real-life scenarios.
(RemoteDepositCapture.com, 04/03/2019)
-
With risks well under control, Financial Institutions are improving their approach to Mobile Deposit Limits.
(RemoteDepositCapture.com, 03/27/2019)
-
Mobile deposit adoption could get a boost as leading consumer bank Chase leverages mobile RDC in play to bank millions of underserved Americans. Will smaller banks and credit unions follow suit?
(RemoteDepositCapture.com, 03/26/2019)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
New polling suggests financial institutions preparing for expanded RDC adoption by SMBs.
(RemoteDepositCapture.com, 01/31/2019)
-
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)
-
Lower check volume but higher average dollar values points to continued preferences for check payments among businesses.
(RemoteDepositCapture.com, 01/23/2019)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
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)
-
Artificial intelligence and other machine learning tools can go a long way toward helping financial institutions mitigate risks associated with RDC. Recent advances in restrictive endorsements recognition demonstrate.
(RemoteDepositCapture.com, 08/08/2018)
-
The market for integrated receivables is heating up, as more financial institutions and their corporate customers seek to further automate payment acceptance and move toward straight-through processing environments.
(RemoteDepositCapture.com, 07/26/2018)
-
As companies receive more and different types of payments (ACHs, cards, checks, etc.) demand is mounting for integration of front- and back-end receivables management systems and processes, prompting more financial institutions to offer integrated receivables solutions.
(RemoteDepositCapture.com, 07/19/2018)
-
New and enhanced solutions leverage AI, APIs, to improve detection of restrictive endorsements and potential duplicate deposits.
(RemoteDepositCapture.com, 07/12/2018)
-
Malauzai, a software house that has made a name for itself with innovative approaches to leveraging RDC technologies, has been acquired by Finastra, which specializes in payments, RDC and risk management tools for community banks and credit unions.
(RemoteDepositCapture.com, 06/20/2018)
-
There’s plenty of opposition to a Federal Reserve proposal that would effectively put the kibosh on electronically-created checks. But is it enough to overcome opposition to these new checks for the 21st Century?
(RemoteDepositCapture.com, 06/19/2018)
-
There’s plenty of fuel in the remote deposit capture engine: enough to drive significant opportunities in the corporate RDC market for many years to come.
(RemoteDepositCapture.com, 05/31/2018)
-
The business case for remote deposit capture extends beyond more efficient check handling. The savings to a small business that moves costly credit card payments to checks and uses RDC to deposit those items can be an enormous selling point, as this example illustrates.
(RemoteDepositCapture.com, 05/22/2018)
-
Mobile remote deposit capture for small and mid-sized businesses represents a $1.5 billion dollar a year revenue opportunity for banks and credit unions, and could yield an additional $1.25 billion in operational cost savings.
(RemoteDepositCapture.com, 05/17/2018)
-
Total mobile remote deposit capture transactions have doubled in 18 months, to 2 billion. Associated financial institution cost savings total $5 billion.
(RemoteDepositCapture.com, 05/11/2018)
-
Machine learning tools, like artificial intelligence, have the power to change the rules of engagement in fraud and risk management. But changes will come over time, not overnight.
(RemoteDepositCapture.com, 05/03/2018)
-
There is growing interest in the role restrictive endorsements can play in RDC Risk Management, but technology, policies and procedures will need to be updated.
(RemoteDepositCapture.com, 04/19/2018)