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Combination results in an innovator in Check21, remote deposit capture, electronic document management and multi-factor identification software technology, and a leading provider of .Net technology solutions for image payment and advanced item processing.
(Bluepoint Solutions, Inc. , 07/29/2008)
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CTS North America today announced an expanded sales and marketing presence in North America. Urs Bockli, who has joined the company as executive vice president and general manager of CTS North America, will lead this expansion.
(CTS, 07/25/2008)
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B2B payments remain the last bastion of checks – making up nearly 60 percent of US check dollar value. These persistent challenges in making and receiving electronic payments are a main reason why average US check values are increasing faster than any other payment type, even as the numbers of checks themselves decline.
(Business Wire, 07/24/2008)
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In a twist on the remote deposit capture trend, Fidelity National Information Services is bringing RDC into the home. Earlier this summer Jacksonville, Fla.-based FIS introduced FIS Xpress Deposit, an RDC product designed for consumers that could create a new niche for banks.
(Bank Systems & Technology, 07/24/2008)
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The API v9.0 release contains a number of enhancements supporting Digital Check’s new CheXpressTMCX30 merchant, small and medium business scanner and the company’s TellerScan® product line, including specialized functionality for identifying and processing money orders.
(Digital Check , 07/15/2008)
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ECS will now be able to provide remote deposit capture capabilities to its existing and potential customers enabling them to electronically deposit checks. The RDM software is bank agnostic so merchants will not be required to change their existing banking relationships.
(RDM Corporation, 07/14/2008)
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In June 2007, monthly items totaled 218.2 million and monthly dollar volume was $390 billion.
(The Clearing House , 07/14/2008)
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Open Solutions Inc.® and Superior Press announced a strategic marketing alliance under which both organizations will work together to provide Open Solutions’ Imaged Payment Technologies Group (IPTG) clients with a state-of-the-art hardware deployment solution for distributed check capture.
(Open Solutions Inc., 07/10/2008)
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Navy Federal Credit Union, with over 3 million members and 150 worldwide branch offices, has named WAUSAU Financial Systems its remote capture solutions provider, and is utilizing WFS’ web-based branch capture application for capture, balance and review of all back counter check images.
(WAUSAU Financial Systems , 07/10/2008)
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Northern Federal Credit Union, a multi-employer credit union headquartered in Watertown, NY, has chosen to implement VSoft's image capture, Check 21 and branch capture solutions. Northern FCU currently has five branches serving more than 22,000 members with plans to expand its branch network with VSoft’s imaging technology.
(VSoft Corporation, 07/09/2008)
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It is easy to see why small businesses would want to harness the benefits of electronic payments. With the economic landscape becoming increasingly challenging, companies are feeling the squeeze and must find ways to improve productivity and cut costs.
(ProfitStars, 06/26/2008)
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MO Financial Group announced today that its U.S. financial services arm, Harris N.A., and its North American investment and corporate banking division, BMO Capital Markets, have begun to exchange check images with other major U.S. banks, effectively reducing the movement of paper checks across the country and streamlining the clearing process.
(BMO Financial Group, 06/26/2008)
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On May 15, 2008, Bank of America and Wells Fargo announced their joint partnership in the processing of ACH transactions, PARITER SOLUTIONS. This announcement was a surprise in some ways, but in others it was not. According to NACHA, Bank of America and Wells Fargo are 2 of the top 3 banks for both originations and receives of ACH transactions.
(RemoteDepositCapture.com, 06/25/2008)
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Well, it’s 2008, a full three years after the passage of the legislation “Check Clearing for the 21st Century Act” (Check 21), so let’s take stock of what financial institutions have done with this incredible gift.
(Goldleaf Technologies, Inc., 06/19/2008)
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Commercial remote deposit came on the scene three years ago, bringing with it a whirlwind of activity for banks of all sizes that scrambled to offer the solution to their customers.
(Independent Banker, 06/19/2008)
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CTS North America today announced that it has signed a marketing and distribution agreement with MTS Software Solutions Inc. to sell, service and provide logistics in support of all CTS desktop check scanning equipment for the North American market.
(CTS, 06/18/2008)
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SunTrust Banks, Inc. announced today that it has extended the daily deposit cut-off time for its Online Check Deposit service from 5:30 p.m. until 8:30 p.m. ET - a market-leading deadline.
(PRNewswire-FirstCall, 06/17/2008)
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Viewpointe, a leading provider of check image exchange and archive services, today issued its year-to-date statistics on image exchange and ImageShare(tm) volume and its year-over-year growth.
(Viewpointe, 06/11/2008)
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We've discussed the risks involved in remote deposit capture and that financial institution regulators expect banks that offer RDC to customers to examine, underwrite, and educate customers who use RDC, in order to minimize those risks. According a recent article in The American Banker, "community banks play it safe. Some say too safe."
(Bank Lawyer's Blog, 06/10/2008)
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Digital Check, a leading provider of check scanners for the remote deposit capture industry, was named one of Bank Technology News’s “10 Technology Companies to Watch,” featured in the June 2008 issue. The company is recognized for creating an innovative new check scanner that is both affordable and efficient for small businesses.
(Digital Check Corporation, 06/10/2008)
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Checks continue to be a mainstay for businesses in the US. Remote Deposit Cature presents unprecedented opportunities for these businesses and their banks, and a ever-more attractive opportunity for ISOs and merchant-level salespeople.
(The Green Sheet, 06/09/2008)
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- Average daily volume of 21.1 million items, an increase of 113% compared to a year ago.
- 444 million check images, a 103.7% increase compared to a year ago.
- $669.1 billion in dollar value, a 70.4% increase compared to a year ago.
- On May 5, a record 32.6 million items totaling $50.3 billion were handled by the network.
(SVPCO, 06/09/2008)
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RDC's potential is vast; the terrain is a mystery in many respects; but the financial rewards RDC could bring might surpass the highest industry expectations.
(The Green Sheet, 06/04/2008)
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TWAIN drivers give users in the remote deposit capture market a low-cost way to scan checks and other documents. By adding the driver to the CTS LS series of check scanning hardware, users add full-function MICR scanning capabilities along with industry-standard TWAIN image capture.
(CTS, Inc., 05/21/2008)
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VSoft allows SDFCU’s business members to capture check images at their offices and electronically transmit items to the credit union. SDFCU plans to first roll out the solution to its organizational accounts located throughout the country. The credit union then plans to implement at State Department facilities throughout the world.
(VSoft Corporation, 05/19/2008)
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With this latest release of WebDDL, WAUSAU continues to build upon its leadership capabilities, specifically on the remittance processing side. WAUSAU’s RCC solution was awarded Best Overall Solution for Large and Mid-Sized Banks and also ranked best-in-class for Most Advanced Integrated Remittance and Deposit Capabilities and Training Tools.
(WAUSAU, 05/19/2008)
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CheckFree PaymentView™ solution is a comprehensive, web-based payments monitoring system with a dashboard view across existing check, cash, wire, Automated Clearing House (ACH), credit and debit card activities enabling real-time risk management and multiple operational cost-savings and fee income opportunities.
(Fiserv, Inc., 05/15/2008)
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BluePay will now be able to provide remote deposit capture capabilities to its customers enabling them to electronically deposit checks. The RDM software is bank agnostic so merchants will not need to change their existing banking relationships.
(RDM Corporation, 05/13/2008)
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Net sales were approximately $1.3 million in both the second quarter of fiscal 2008 and the second quarter in fiscal 2007. Net loss for the second quarter of fiscal 2008 was $222,000 or $0.01 per basic and diluted share, compared with a net loss of $211,000 or $0.01 per basic and diluted share, for the same quarter last year.
(PRNewswire-FirstCall, 05/13/2008)
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Into the unknown is where DeBello has brought Mitek, an image-recognition software company. After being installed as CEO five years ago, DeBello has pushed Mitek's image-recognition tools onto wireless platforms. In January, the company introduced an application that enables consumers to scan and deposit checks with their cellphone cameras.
(USA Today, 05/12/2008)
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In April 2007, monthly items totaled 193.9 million and monthly dollar volume was $383.6 billion. Citibank and Regions Bank join the SVPCO Image Payments Network.
(SVPCO, 05/08/2008)
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Jack Henry & Associates, Inc. announced third quarter fiscal 2008 results with an 11% increase in revenue, a 7% increase in gross profit, and a 1% increase in net income over the third quarter of fiscal 2007.
(PRNewswire, 05/06/2008)
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When Affinity Credit Union began a search for a Check 21 solution, they were eager to implement early check image capture in order to gain the most benefits and modernize the traditional labor-intensive and costly approach of handling, processing, and transporting paper checks.
(BUSINESS WIRE, 05/05/2008)
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Software Earnings announced today the availability of First Touch iCaptureHD, a remote deposit capture (RDC) technology, which specifically addresses the needs and restrictions of home-based consumers and small businesses.
(BUSINESS WIRE, 05/05/2008)
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Transaction volumes for RDM's Image & Transaction Management System (ITMS(R)) averaged 2.5 million items per week during the second quarter of fiscal 2008, compared to 1.3 million items per week a year earlier, and 2.1 million items per week during Q1 2008. ITMS(R) end user locations increased from 10,000 to 11,500 during the second quarter.
(RDM Corporation , 05/02/2008)
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Bank Up Corporation has reported significant growth in its Remote Corporate Capture solution. Bank Up also announced today a strategic alliance with Rigel Banking Software Alliances of Springfield, MO to expand Bank Up’s footprint for its payment processing solutions outside of the western United States.
(Bank Up Corporation, 04/30/2008)
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It was bound to happen, vendors offering solutions that extend the banking enterprise right into the home. Is this a new concept? The answer is a simple one… no, but the implications are!
(The Copper River Group, 04/25/2008)
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We recently attended two conferences, the ICBA (Independent Community Bankers Association) Conference in Orlando, Florida and the AIIM Conference (The ECM –Electronic Content Management – Association) in Boston, Ma. These two very different conferences included discussions regarding many aspects of Remote Deposit Capture (RDC).
(RemoteDepositCapture.com, 04/25/2008)
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The most significant enhancement in the release of eRemitPro 4.0 is remittance advice/coupon processing capabilities. In addition to check scanning, customers can now scan documents and the application will balance the coupons to the check at both the transaction and batch level.
(RemitPro, 04/25/2008)
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J&B Software, a premier provider of enterprise-wide transaction and payment system solutions, will showcase it’s enhanced Remote Image Capture solution, eCapture, at the first-ever Remote Deposit Capture Summit at the end of this month in Washington D.C..
(J&B Software , 04/24/2008)
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Digital Check, a leading provider of desktop check scanners for the remote deposit capture and branch automation industry, announced John Gainer, executive vice president at Digital Check, is participating in a panel at the first annual Remote Deposit Capture (RDC) Summit co-sponsored by BAI and RemoteDepositCapture.com.
(Digital Check, 04/23/2008)
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Steve Buchberger, SVP – Solutions Management for WAUSAU, will participate in a panel discussion this month at the first-ever Remote Deposit Capture (RDC) Summit. WAUSAU customers Comerica, First National Bank of Omaha, The Bank of New York Mellon and Fifth Third Bank, will also be participating in speaking engagements at the conference.
(WAUSAU Financial Systems, 04/22/2008)
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RDM Corporation, announced today the release of the fourth generation version of its Image & Transaction Management System (ITMS®) WebClient software product including new risk management tools, improved workflows, an easier to use interface and support for a broader array of scanners including the new Epson CaptureOne®.
(RDC Corporation, 04/22/2008)
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Epson, a leading supplier of value-added banking solutions, today announced that U.S. Bank, the sixth largest commercial bank in the U.S., has selected the Epson CaptureOnetm check scanner as a standard component of its On-Site Electronic Deposit service.
(Epson, 04/22/2008)
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eGistics, Inc. and US Dataworks, Inc. today announced a strategic alliance to help billers and retailers streamline the management of remotely captured images and data.
(Business Wire, 04/21/2008)
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DataTreasury Corporation, a Texas technology company, announced today that it had settled a patent infringement lawsuit brought against The PNC Financial Services Group, Inc. and PNC Bank, two of 55 defendants in active litigation in the United States District Court for the Eastern District of Texas.
(BusinessWire, 04/21/2008)
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Endpoint Exchange LLC, a Metavante company and leading national check image exchange provider, today announced that Winston-Salem, N.C.-based BB&T Corporation has joined the company’s rapidly growing national electronic check image exchange network.
(Metavante Corporation, 04/21/2008)
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Orbograph Ltd, a leading provider of image-based recognition solutions and provider of business process outsourcing technologies, announced today that WAUSAU has approved the general release of OrboCAR APEX as part of its Optima³ solution.
(Orbograph , 04/16/2008)
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NetDeposit, Inc., the leader in innovative check payment technologies and services, announced today that it has been selected by Home National Bank to be the bank's provider of Remote Deposit Capture services.
(NetDeposit, Inc., 04/15/2008)
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Digital Check, a leading provider of desktop check scanners for the remote deposit capture and branch automation industry, announced an innovative new check scanner designed for the small business distributed check capture market.
(Digital Check, 04/15/2008)