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Metavante announced the availability of Enterprise Payments Manager: Capture (EPM: Capture), a Metavante Corporation solution designed to help financial institutions continue to deploy IBM 3890/XP transport technologies at low cost, mitigating rising per item cost and click charges as well as the steady decline in paper check volume.
(Metavante, 03/19/2009)
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VSoft Corporation announced that its remote deposit capture (RDC) solutions comply with the guidelines released by Federal Financial Institutions Examination Council (FFIEC) in January.
(Business Wire, 03/18/2009)
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Canon today announced the availability of the imageFORMULA CR-180II Check Transport device. The successor to the Canon CR-180, the CR-180II high-speed desktop check transport offers exceptional feeding reliability, image quality, and production performance for distributed capture and image exchange applications.
(Canon U.S.A, 03/11/2009)
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RDM Corporation announced today that it has teamed with TriSource Solutions to resell RDM’s electronic check conversion software and hardware products.
(RDM Corporation, 03/10/2009)
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Panini S.p.A announced today that its Board of Directors has appointed Nicola Aliperti as the Company’s Chief Executive Officer, effective immediately. He will also serve both as a member of the Board of Directors within the parent company Panini S.p.A. and as Chairman of the Board of its subsidiary, Panini North America.
(Business Wire, 03/10/2009)
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RP Solutions, Inc., today announced the certification of Digital Check's CheXpress CX30 check scanner for use with the company's remote deposit software, including AR Express® and RD ExpressTM.
(RP Solutions, 03/10/2009)
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RDC provides the way to gather deposits but also represents new payment risks The industry requires innovative and automated methods of analyzing the deposits to enforce the new guidelines and provide strict control of depository and merchant agreements made between the financial institutions, aggregators and business owners of all sizes.
(AQ2 Technologies, 03/02/2009)
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The FFIEC has released its long-awaited guidance on Remote Deposit Capture. And while most experts agree their initial reads found no real surprises in the guidance, there is also broad agreement that federal regulators will be looking closely at RDC programs, and for compliance with the guidelines, during upcoming examinations.
(RemoteDepositCapture.com, 02/27/2009)
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One of the products catches mismatches between check images and the data contained in associated files. The other automates settlement entries for image deposits and is aimed in particular at large-dollar items.
(DigitalTransactions.net, 02/26/2009)
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Consumer Capture, new scanners targeted at small business, additional industry research results and mobile capture partnerships pave way for additional growth in the Remote Deposit Capture Industry.
(DigitalTransactions.net, 02/24/2009)
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The combined Mobile Deposit application will provide RDM customers with one of the first commercially available mobile merchant capture applications, and allows small and medium sized businesses the ability to use merchant capture virtually anywhere. The downloadable application is initially available for the iPhone and latest Blackberry handsets.
(RDM Corporation, 02/24/2009)
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Mitek's ImageNet Mobile Deposit allows checks to be deposited from an end user's camera-equipped mobile phone. The mFoundry mobile banking platform provides customers easy access to account information, funds transfers, bill payments and branch or ATM locations.
(Mitek Systems, Inc., 02/23/2009)
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Celent concludes the majority of US financial institutions remain defensive and conservative in their approach, focusing on existing clients. The result is that for many banks, deposits collected via RDC have not amounted to much. But a minority of banks are making a significant impact on deposit growth using RDC.
(Celent, 02/23/2009)
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NCR Corporation today introduced software that will allow consumers to deposit checks into their checking or savings accounts without leaving their homes and without purchasing any new hardware.
(NCR Corporation, 02/23/2009)
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Automation9 runs on the newest generation, web services platform from Orbograph, G6 Enterprise Recognition Technology targeting over 98% automation and 99% accuracy.
(Orbograph, 02/23/2009)
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The Purepay RDC solution will provide end-users with everything they need to deposit checks remotely, including: the scanner, required
documentation, training (as needed), front-line technical support, and system access.
(RDM Corporation, 02/23/2009)
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Saffici Payment Consulting is currently assisting a noted check technology company in the assessment of new product offerings and is also working with another noted technology company as a reseller of a deposit risk mitigation application.
(Saffici Payment Consulting, 02/23/2009)
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The Panini I:Deal utilizes patented technologies to deliver capabilities critical for RDC success including high quality dual-sided image capture, document franking, and advanced reading technologies in the areas of MICR and OCR.
(Panini N.A., 02/23/2009)
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Pertech's introduction of the Twain 2.0 driver provides both end-users and software integrators an easy path to interface the Pertech 6100 check scanner into their workflow. Using the Twain 2.0 driver with the Pertech 6100 scanner, the user can capture two sides of the check with a MICR read - all in about 1.5 seconds.
(Pertech Resources, 02/20/2009)
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Mobile deposit capture is an extension of remote deposit capture (RDC) that enables checks to be deposited anywhere via a mobile phone equipped with a camera to create and send an image of the check.
(Fiserv, Inc., 02/20/2009)
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The CheXpress CX30 represents the first small scanner with the ability to read the varying qualities of magnetic inks produced by desktop check printing applications, including support across printed checks with MICR intensity ranging from 40 to 200 percent.
(Digital Check, 02/19/2009)
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RiskXP™ is a unique solution that arms banks and payment transaction aggregators with comprehensive tools that address item, deposit, and relationship related payment risk associated with RDC (Remote Deposit Capture).
(AQ2 Technologies, 02/19/2009)
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RemitPro will offer the market-leading Panini Vision X™ with their eRemitPro™ software, designed and architected specifically for corporate accounts receivable payment processing.
(Panini North America, 02/18/2009)
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Nelson’s last software company made the prestigious INC 500 four years in a row and Principle Financial’s Top Ten Best Private Companies. He currently serves as chief executive officer and president of his latest technology company, iThryv and WeProsper, designed to increase financial literacy among Americans ages five to 24.
(Digital Check, 02/17/2009)
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J&B Software, Inc, announced that it will host a webinar on the payment processing industry’s most exciting new development in RDC: using a mobile phone for remote deposit capture. The webinar will be held on Wednesday, March 4 at 2:00 PM Eastern Time.
(J&B Software, 02/17/2009)
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The number of ACH payments in the 4th quarter 2008 grew by 4.5 percent over the same period in 2007, topping 3.8 billion. Back Office Conversion grew to over 39 million payments in 4th quarter 2008, from 3 million payments a year ago, volume increased 49 percent from 3rd to 4th quarter 2008.
(NACHA, 02/11/2009)
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The Image Industry Interoperability Group, i3G, is a US financial services industry collaborative formed in 2008. The group’s goal is to eliminate a large percentage of industry processing exceptions with a few changes to industry operational practices and procedures.
(The Image Industry Interoperability Group, 02/10/2009)
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Prior to remote deposit capture, the bank averaged $6 million in weekly deposits. Now, more than 87 percent of total check deposit volume comes from remote deposits.
(Open Solutions Inc., 02/10/2009)
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The capability to accept credit card and electronic check payments over the Web creates the first Small Business product to unify billing, collection and bookkeeping across the most widely used forms of payment, allowing business owners to collect receivables faster and reduce their billing and processing costs.
(BankServ, 02/10/2009)
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Revenues in the Payment Processing Services segment doubled, Transaction volumes for RDM's Image & Transaction Management System (ITMS(R)) grew by more than 50%, and RDM added five additional bank distributors and seven new independent sales organizations (ISOs) during the quarter.
(RDM Corporation, 02/05/2009)
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The Bank of Castile is approaching its 300th remote deposit capture customer and attributes $8 to $9 million in non-interest bearing accounts directly to the solution, and has grown its non-interest income 40 percent.
(Goldleaf Financial Solutions, Inc., 02/04/2009)
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RDC is becoming an integrated technology platform increasingly used to process different types of payments and data with the ability to integrate that data with internal and external systems.
(Panini N.A., 02/03/2009)
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Kicking off the introduction of the RDM products, BankCard Source will be offering a 90 Free Offer on the Simply Deposit product.
(RDM Corporation, 02/03/2009)
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J&B’s eCapture solution captures document images at remote or branch locations using a variety of different capture devices that are integrated into the J&B core payment processing software. The web-based solution can be interfaced directly into a client’s existing host financial system, like SAP and Oracle, to provide real-time information.
(J&B Software, 01/30/2009)
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RDM Corporation expects to announce its financial results for the first quarter of fiscal 2009 on the morning of Thursday, February 5, 2009. The Company will host an investor conference call that morning at 9:00 a.m., followed by its Annual Meeting of Shareholders later that day at 4:30 p.m.
(RDM Corp., 01/29/2009)
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The Panini Vision X™ Scanner Portal allows users of Panini’s market-leading product suite to obtain real-time, relevant statistics about their check scanner.
(Panini, 01/28/2009)
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First American Payment Systems currently provides payment processing services to over 100,000 merchants in the United States and is ranked as one of the country's top privately-owned payment solution providers.
(RDM Corp., 01/27/2009)
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AMLOCK provides a flexible end-to-end risk-based approach to AML compliance. The solution utilizes an easy-to-use interface and includes Know Your Customer functionality, risk-based transaction monitoring, extensive case management and easy filing of compliance reporting.
(J&B Software, Inc., 01/26/2009)
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With Intelligent Deposit ATMs already making up more than 70 percent of its 2008 U.S. SelfServ ATM orders, NCR believes its new service – NCR APTRA™ Deposit Gateway – will significantly help the next wave of financial institutions move to image-based ATMs.
(NCR Corporation, 01/26/2009)
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The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Fifth and Sixth Districts.
(Federal Reserve, RemoteDepositCapture.com, 01/22/2009)
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The new remote capture technologies may overcome early reservations about image quality and risk. While remote deposit capture is now wildly popular and rapidly becoming a standard offering at many banks, when it first came out there were a whole host of skeptics.
(DigitalTransactions.net, 01/21/2009)
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Consumer capture is slowly winning over advocates as banks struggle to grow deposits in the tough economic environment.
(Bank Systems & Technology, 01/21/2009)
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Hypercom Corporation today announced that its HBNet subsidiary will provide high speed transaction transport services for RDM Corporation, a leading developer of specialized software and hardware products for electronic payment processing and Remote Deposit Capture solutions.
(Hypercom Corporation, 01/20/2009)
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In December 2007, monthly items totaled 340.9 million and monthly dollar volume was $549.1 billion. Through December, a total of 44 participants were connected to the SVPCO Image Payments Network. Through its connections with the Federal Reserve and Endpoint Exchange, the Image Payments Network can reach more than 10,000 endpoints.
(SVPCO, 01/15/2009)
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A financial institution offering RDC should have sound risk management and mitigation systems in place and should require adequate risk management at customer locations. Prior to implementing RDC, and periodically thereafter, management should conduct a risk assessment to identify the related types and levels of risk exposure.
(FFIEC, 01/14/2009)
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EFT Network, Inc., announced the release of its FAXTellerPLUS remote deposit capture solution. This patent pending technology, is a brand new way for businesses, financial institutions even consumers to participate in remote deposit capture by using a standard fax machine with no hardware equipment or software to purchase or download.
(EFT Systems, 01/13/2009)
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J&B Software, Inc, and OPEX Corporation, today announced that J&B Software’s Transaction Management System (TMS) is the first system in the industry to be certified to utilize the new OPEX AS180 as a capture device.
(J&B Software, 12/30/2008)
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For correspondent banks and service bureaus with high concentrations of customers in specific geographic areas, OnX can be an important differentiator. An internal exchange can be a competitive advantage for correspondents to acquire new community banks as clients.
(Goldleaf Financial Solutions Inc., 12/17/2008)
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The agreement enables EFT Network to be an authorized reseller of Digital Check’s technology and to utilize the company’s check scanners in conjunction with its feature-rich Web based remote deposit capture solution.
(Digital Check , 12/11/2008)
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A2iA CheckReader, a comprehensive check-image processing toolkit, has been integrated into OPEN SCAN’s latest RedCap™ product, an accounts receivable (A/R) solution that combines electronic check deposit, remittance processing, forms processing and cash application.
(A2iA Corp., 12/09/2008)