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Not long after President George W. Bush signed the Check Clearing for the 21st Century Act – commonly called Check 21 – many voices around the banking industry raised a familiar and loud refrain: Beware of thieves who seek to exploit weaknesses of Check 21 and perpetrate fraud on the banking industry.
(GTNews, 11/08/2005)
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DataTreasury Corp. has scored another victory in its ongoing litigation against major banks, networks, and vendors over alleged infringement of DataTreasury patents covering processes involved in check-image exchange, and now says it is preparing to fight cases it has filed against nine other outstanding defendants.
(DigitalTransactions.net, 11/07/2005)
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If you haven’t heard of it yet, you will soon. Remote Deposit Capture has been called “The most important development the (U.S.) banking industry has seen in years” by the Federal Reserve and others
(GT News, 10/19/2005)
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Treasury & Risk Magazine, in association with Wells Fargo, recently published the results of their Check 21 survey of over 300 Corporate Financial Executives. One thing is clear: we've only just begun to see the tip of the iceberg in terms of Remote Deposit Capture (RDC) deployments.
(RemoteDepositCapture.com, 09/20/2005)
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In what may have been the first battle between the realities of the check clearing process in the USA and the hype often found in the press about Check 21, reality won.
(RemoteDepositCapture.com, 08/22/2005)
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Regardless of new legislation, technology or workflows, the entire check payments process begins with a piece of paper (the check) and (ideally) a control document.
(RemoteDepositCapture.com, 07/29/2005)
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The proliferation of business method patents since the State Street Bank vs. Signature Financial Group ruling in 1998 threatens to stifle innovation and competition in the financial services industry.
(RemoteDepositCapture.com, 07/28/2005)
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DataTreasury Corporation, a Long Island-based payment processor, announced today that it has filed patent-infringement lawsuits in the U.S. District Court for the Eastern District of Texas against four major banks.
(DataTreasury Corporation, 07/06/2005)
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DataTreasury Corporation, a Long Island-based technology company, announced today that a major patent-infringement lawsuit brought against banking giant JPMorgan Chase has been settled.
(DataTreasury Corporation, 07/06/2005)
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In a move that could have widespread implications for the fledgling business of check-image exchange, a small, privately held company holding patents on key elements of check imaging and processing filed patent-infringement suits today against four major banks.
(DigitalTransactions.net, 07/06/2005)
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NetDeposit, Inc., an innovator in Check 21 software and leading provider of franchise-building software solutions for the financial industry, and DataTreasury Corporation, a Long Island-based technology company, announced today that they have entered into a settlement and license agreement.
(NetDeposit, Inc., 06/15/2005)
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John Leekley, Partner, RemoteDepositCapture.com recently sat with Mike Fenton VP of Parascript’s Total Recognition Solutions to discuss Parascript’s role in the emerging industry of Remote Deposit Capture.
(RemoteDepositCapture.com, 06/10/2005)
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John Leekley, Partner, RemoteDepositCapture.com sat with Ed Herman & Vinnie Calo of EDS, and Joe Lamar, Check Products Product Manager at Bank of America at the recent BAI Transpay Conference to discuss Remote Deposit Capture and their success and experiences in deploying this new service.
(RemoteDepositCapture.com, 05/24/2005)
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At the BAI Transpay conference in 2004, most of the conference focused on the recent passage of the Check 21 legislation and how banks were preparing to comply with the legislation, clear checks as images and possibly develop new products and services enabled by Check 21.
(RemoteDepositCapture.com, 05/16/2005)