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The road to a better and faster payments system does not require us to recreate the wheel. Instead, we could optimize a proven and ubiquitous system used today.
(RemoteDepositCapture.com, 12/12/2014)
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Small businesses represent some of the greatest potential for financial institutions to grow their RDC businesses. Not all small businesses are the same, however. Neither are their RDC requirements.
(RemoteDepositCapture.com, 12/10/2014)
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Mitek has has expanded its relationship with NCR to include mobile imaging solutions for account opening featuring funding and trailing document submission.
(Mitek, 12/10/2014)
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A2iA announced it has expanded its 10-year partnership with Contact Innovations. Contact Innovations will now offer an end-to-end mobile remote deposit capture (mRDC) solution that utilizes A2iA Mobility™ as its core image processing and data recognition engine, allowing for an offline mobile image truncation solution within the US and Canada.
(A2iA, 12/09/2014)
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Cachet Financial Solutions will now offer Mitek’s entire Mobile Photo Account Opening™ SaaS Suite as part of their mobile prepaid platform.
(12/09/2014)
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When the AAA division serving North and South Carolina decided to bring member payment processing in house, after years of outsourcing, it was able to cut rather than grow staff assigned to payment processing. AAA Carolinas discussed the feat, along with its solution partner, Infoscore, during a Technology Showcase at the RDC Summit 2014.
(RemoteDepositCapture.com, 12/08/2014)
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Data sharing is one way to combat duplicate deposits of checks. But it took banks and credit union time to warm up to the idea.
(RemoteDepositCapture.com, 12/05/2014)
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There may not yet be a “body of case law” on remote deposit capture. But there are lessons that can be taken from legal disputes involving automated deposits, such as what constitutes reasonable commercial standards.
(RemoteDepositCapture.com, 12/03/2014)
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The saying “The best way to learn is from others’ mistakes” is perhaps nowhere more apt than in financial risk management, audit and compliance. With that in mind, Payments Space Advisors offered some revealing insights from problems uncovered in RDC compliance and audit reviews during a session at the RDC Summit 2014.
(RemoteDepositCapture.com, 12/01/2014)
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A multi-layered, enterprise approach to risk management is more than just a good idea. It has become a prerequisite for regulatory compliance at financial institutions large and small. Last week, executives from Iberia Bank in LA and SouthPoint Bank in AL discussed the implications of this for their remote deposit capture product offerings.
(RemoteDepositCapture.com, 11/25/2014)
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Mitek is not a household name, but most large issuers use its technology for mobile deposit. Mitek’s Chief Revenue officer, Michael Diamond is interviewed and discusses the mobile deposit landscape and what is next for Mitek.
(PYMNTS.com, 11/25/2014)
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Knowledge is power, so long as it’s not static. That’s why KYC needs to be an upfront and ongoing process. Ditto for risk management. RemoteDepositCapture.com discussed these needs along with some products and technologies that can help FIs to better manage remote deposit capture risks.
(RemoteDepositCapture.com, 11/21/2014)
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Most financial institutions developed RDC services for different market segments without much interaction across institutional silos. The result? Fragmented RDC systems that often can’t share critical information across the organization. VSoft Corporation addressed this dilemma during a Technology Showcase at the RDC Summit 2014.
(RemoteDepositCapture.com, 11/19/2014)
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For small businesses, the simplicity of mobile- and tablet-based RDC beats the cost and complexity of scanners, leading to an anticipated surge in adoption.
(RemoteDepositCapture.com, 11/13/2014)
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Cachet Financial Solutions is working to help financial institutions separate fraud detection from end-of-the-day core processing routines, bringing risk mitigation to the fore.
(RemoteDepositCapture.com, 11/12/2014)
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Enhanced Select Business, a cloud-based software solution, enables banks and credit unions to offer their business customers the convenience of remote deposit capture, regardless of platform—P.C., Mac or mobile.
(Cachet Financial Solutions, 11/11/2014)
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The solution allows businesses to improve operational efficiencies by depositing cheques wherever and whenever it's most convenient - providing greater control over the entire cheque handling process while saving time and reducing costs.
(BMO Financial Group, 11/10/2014)
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Techniques for managing RDC risk are proliferating and becoming more integrated with enterprise-wide systems. That trend was discussed, along with other steps for improving RDC risks, at the RDC Summit 2014 during an in-depth session titled “RDC Risk Management in 2014.”
(RemoteDepositCapture.com, 11/10/2014)
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Panini will showcase its comprehensive portfolio of check truncation technologies, including Panini Vision neXt™, a state-of-the-art solution for branch and teller automation, and Panini mI:Deal™, combining innovation and ease-of-use with connectivity to RDC, POS, branch and mobility applications.
(Panini, 11/10/2014)
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Deluxe Corporation, a company steeped in the world of paper checks, announced last week its purchase of WAUSAU Financial Systems, which specializes in check and remittance processing solutions. The move is expected to help Deluxe offset the impact of declining check volumes and enable WAUSAU to build out its product sets.
(RemoteDepositCapture.com, 11/07/2014)
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The first-ever survey of mobile RDC risk perceptions shows a surprising connection between fraud loss and increased comfort levels with risk. Results of the 2014 Mobile Remote Deposit Capture Risk Study, conducted by RemoteDepositCapture.com, were revealed last month at the RDC Summit 2014.
(RemoteDepositCapture.com, 11/06/2014)
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The new EC9600i® series scanners offer secure single-feed and small-batch scanning with the ease of one-touch installation and is the first series offering greater security for teller capture and remote deposit capture (RDC).
(RDM Corporation, 11/06/2014)
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The potential for duplicate deposits has spawned a lot of dialogue, even though duplicates have yet to emerge as a deal breaker for RDC, mobile RDC in particular. This week, Mitek announced the addition of a new restrictive endorsement validation feature to its mobile imaging solution, further allaying concerns about the risk of duplicate deposits.
(RemoteDepositCapture.com, 11/05/2014)
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While remote deposit capture poses risks, not all risks are created equal. So it follows that risk assessment and abatement programs will vary by institution, customer segments and other factors. That was a key message at an RDC Summit 2014 session titled “Data and Analytics: Taking RDC to the Next Level.”
(RemoteDepositCapture.com, 10/31/2014)
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What does the branch of the future have in common with Apple Stores? Potentially quite a lot. Moreover, remote deposit capture could play a crucial role in the transformation of branches to “feel” like Apple Stores, according to a vision presented at the RDC Summit 2014 by electronic banking pioneer David Peterson.
(RemoteDepositCapture.com, 10/29/2014)
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Clear, a new software application by Digital Check, can improve both overall image quality and the clarity of a specific zone of a check, such as the courtesy and legal amount fields. This ability to enhance check images by zone and contrast is what provides nearly 100 percent check image clearing and is unmatched in the industry.
(Digital Check Corp., 10/28/2014)
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The flexibility of mobile RDC is turning banks into problem-solvers for their business clients instead of product-pushers.
(RemoteDepositCapture.com, 10/27/2014)
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Get aggressive about selling RDC. Marketing, training and re-pricing are a few of the strategies that can be leveraged to success, experts explained during an RDC Summit 2014 session titled Success in Marketing & Selling RDC.
(RemoteDepositCapture.com, 10/23/2014)
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The purchase of WAUSAU is an important step in the evolution of Deluxe’s Financial Services Segment to becoming a more diverse provider in the highly competitive FinTech marketplace.
(Deluxe Corporation, 10/23/2014)
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Two years into its mobile RDC rollout, SunTrust has made addressing customer concerns and complaints a key aspect of its operating model.
(RemoteDepositCapture.com, 10/22/2014)
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The future looks bright for RDC with advancements on multiple technology fronts driving new and improved applications.
(RemoteDepositCapture.com, 10/20/2014)
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Two large banks achieved their goals and then some when they rolled out RDC. But that doesn’t mean they don’t have a few small regrets about the process.
(RemoteDepositCapture.com, 10/16/2014)
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TD Canada Trust announced TD Mobile Deposit, allowing eligible personal and business customers to deposit cheques by taking a photo as well as TD Remote Deposit Capture which offers eligible TD business customers the convenience of depositing cheques electronically using a computer and compatible scanner.
(TD Bank Group , 10/16/2014)
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Who says remote capture is just for checks? At the RDC Summit there was plenty of discussion about potential new uses for remote capture technologies. Mobile payments, for example.
(RemoteDepositCapture.com, 10/15/2014)
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The certified hardware includes the Elite series (Professional and Merchant,), and the Open Professional series (all speeds and configurations).
(Burroughs, 10/15/2014)
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ECCHO helped open the RDC Summit 2014 last week with some insightful direction for financial institutions on dealing with issues related to duplicate check presentments.
(RemoteDepositCapture.com, 10/07/2014)
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The Federal Reserve presented its vision for the future of payments to a somewhat skeptical audience at the RDC Summit 2014.
(RemoteDepositCapture.com, 10/03/2014)
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Digital Check announced that a top-25 U.S. bank with over $65 billion in assets has implemented Advisor by Digital Check® to secure its remote deposit transactions and proactively strengthen compliance with regulatory guidelines.The Advisor software suite will be on display this week at the RDC Summit in Las Vegas.
(Digital Check, 09/30/2014)
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Cachet Financial Solutions announced that it has expanded its partnership with Ingo Money, Inc. and will now offer Select Mobile clients guaranteed, instant mobile deposit and account funding capability.
(Cachet Financial Solutions, 09/30/2014)
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This week at the Remote Deposit Capture (RDC) Summit in Las Vegas, Nevada, Panini will feature mI:Deal™, a breakthrough solution from their continuous innovation portfolio, and company executives will present in several conference sessions.
(Panini , 09/29/2014)
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Digital Check, a leading manufacturer of scanners for the banking industry, introduced the SB650M check and document scanner at the RDC Summit in Las Vegas. The new device features a MICR read head for the magnetic ink on checks and money orders, as well as a full page-width opening for accepting other documents up to standard legal size.
(Digital Check, 09/29/2014)
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Executives from RDM Corporation and its customers, will provide expertise on Remote Deposit Capture (RDC) and mobile RDC technologies at The Remote Deposit Capture Summit 2014, being held September 30 – October 2 in Las Vegas, Nevada.
(RDM Corporation, 09/24/2014)
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This article discusses the use of location awareness technology to better identify the location where deposits are transmitted and help mitigate fraud.
(WAUSAU Financial Systems, 09/24/2014)
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Reports of the death of checks and by extension corporate lockbox services are greatly exaggerated. After all, 7 out of 10 U.S. companies still issue checks to pay vendor invoices.
(RemoteDepositCapture.com, 09/23/2014)
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The American Bankers Association has just published results of a survey illustrating the migration of consumer deposit activities to the mobile channel. While only about 13% of Americans are using mobile deposit today, those who do tend to be “regulars.”
(RemoteDepositCapture.com, 09/18/2014)
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WAUSAU Financial Systems announced it’s teaming with Cummins Allison to offer banks unprecedented ability to capture checks and cash using just one scanner.
(WAUSAU Financial Systems, 09/16/2014)
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Smartphones are revolutionizing the way Americans conduct their financial lives. The trend may have begun with using the devices for mobile remote deposit, but a range of other financial applications are now leveraging mobile and remote capture technologies to automate and improve customer service.
(RemoteDepositCapture.com, 09/05/2014)
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Ingo Money announced more than 85 percent of approved mobile check deposits are funded to consumer accounts within minutes and duplicate check returns, among Ingo Money users, have declined by 70 percent.
(Ingo Money, 08/27/2014)
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Financial institutions are upping the ante, and consumers are responding by moving more of their financial activities to mobile and online channels.
(RemoteDepositCapture.com, 08/21/2014)
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TD Bank has introduced mobile check deposit through the TD Bank BusinessDirect app for Android™ and iPhone® devices, making it easier for business customers to deposit checks into their accounts on-the-go.
(TD Bank, 08/14/2014)