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Silver Bullet Technology announced today the release of Scout™, a groundbreaking new product for the remote monitoring of check scanner productivity.
(Silver Bullet Technology, Inc., 03/22/2007)
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The Financial Services Technology Consortium (FSTC) announced today it has completed the Camera Calibration project whose main goal was to understand the key drivers of differences between imaging systems.
(FSTC, 03/19/2007)
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Digital Check Corporation announced that its TellerScan® line of check scanners is fully compliant with the industry standards for image consistency developed in the recently completed Financial Services Technology Consortium’s (FSTC) Camera Calibration project and exceeds these standards in a number of critical areas.
(Digital Check Corporation, 03/19/2007)
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A majority of organizations are victims of payments fraud and the incidence of fraud continues to climb, according to a study released by the Association for Financial Professionals (AFP).
(AFP, 03/16/2007)
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Today, the much-heralded back-office conversion electronic-check code goes live on the automated clearing house network. But rather than throw a huge birthday party, executives of the ACH’s governing body, NACHA—The Electronic Payments Association, and banks are marking BOC’s debut in a decidedly low-key manner.
(DigitalTransactions.net, 03/16/2007)
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Goldleaf Financial Solutions, Inc., a provider of a suite of technology-based products and services to community financial institutions, today announced the acquisition of Dallas-based Community Banking Systems (CBS).
(Goldleaf Financial Solutions, Inc., 03/14/2007)
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Image exchange and image clearing kicked into a higher gear in January, with more than half a billion items flowing through image-exchange networks for the first time.
(DigitalTransactions.net, 03/14/2007)
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The results of the 2007 ABA Banking Journal Community Bank Competitiveness Survey revealed something which was of no surprise to those of us here at RemoteDepositCapture.com, but will likely be a wake-up call to any bank that hasn't already implemented Remote Deposit Capture.
(ABA Banking Journal, 03/13/2007)
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Join Carreker Corporation for an interactive discussion about how banks can quickly address the legal and fraud aspects of their remote deposit relationship in order to minimize the risk and to maximize the opportunities.
(Carreker Corporation, 03/12/2007)
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Back Office Conversion (BOC), the newest form of check conversion, becomes available in the marketplace on Friday, March 16, 2007 with the effective date of NACHA’s rules.
(ACH Network, 03/12/2007)
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SVPCO-Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., today said that total number of check images transmitted in February set a new record and increased more than 600% compared to a year ago.
(The Clearing House, 03/08/2007)
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NetDeposit, Inc. (www.netdeposit.com), the leader in innovative check payment technology, announced the availability of two new products that have the potential to contribute to the expanded adoption of Remote Deposit Capture.
(NetDeposit, Inc., 03/06/2007)
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Wells Fargo & Company (NYSE: WFC - News) will become the first financial institution in the U.S. to provide Back Office Conversion (BOC) to its business customers through multiple depository channels when new electronic check processing rules take effect March 16.
(Wells Fargo & Company, 03/06/2007)
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It used to be that if a small bank wanted to grow, it had to acquire another bank or open new branches. Now, a little black box may help small banks compete with larger banks, analysts say.
(ContraCostaTimes.com, 03/05/2007)
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Some 16% of community banks offer remote deposit capture of checks to business customers, and nearly one-third of these say they have adopted the electronic check technology as “an essential survival strategy,” according to a survey released on Monday by the American Bankers Association.
(DigitalTransactions.net, 02/19/2007)
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Unisys Corporation today announced the Unisys WebSourceNDP, a new generation of scanner for checks and other payment items that enhances payment security by reducing the risk from fraud.
(Unisys Corporation, 02/13/2007)
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Image clearing of check payments is nearing 60% of all image-exchange volume, while the total volume of paper substitute-check volume cleared is now falling for the first time, lending credence to arguments by industry observers that conversion to end-to-end image clearing is proceeding more quickly than some bankers had thought...
(DigitalTransactions.net, 02/12/2007)
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DataTreasury Corporation, a Texas-based check-processing company, today announced an important victory in an appeal heard by the United States Court of Appeals for the Federal Circuit, the judicial body which oversees all U.S. patent cases.
(DataTreasury Corporation, 02/12/2007)
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Digital Check Corporation, a leading provider of electronic check scanners for the distributed check capture industry, announced its new TellerScan® TS4120 check scanner today at the BAI TransPay conference.
(Digital Check Corporation, 02/12/2007)
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Digital Check Corporation, a leading provider of check scanners for the distributed check capture industry, announced record results in 2006 for revenues and shipments of its TellerScan® series of check scanners at the BAI TransPay conference.
(Digital Check Corporation, 02/12/2007)
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The shift from paper checks to remote scanning and deposit technology is gaining a foothold in the small- and medium-sized business market. Businesses in this space see the value in getting a jumpstart on realizing their cash flow.
(Eastman Kodak Company, 02/12/2007)
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VSoft Corporation that Independence Bank of Rhode Island, a $50 million asset community bank currently serving customers across five states, achieved record growth by implementing VSoft’s Merchant Capture solution, which was private labeled and rebranded by Independence Bank as Cool DepositTM.
(VSoft Corporation, 02/12/2007)
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LendingTools.com announced today that United Banker’s Bank (UBB) has pioneered with LendingTools.com to become the first Community Host on the On-We Network to begin check image exchange among their community financial institution customers.
(LendingTools.com, 02/12/2007)
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BankServ, one of the nation's largest independent suppliers of remote deposit processing services, now offers its DepositNow!® system for online bank deposits through Windows Vista Business and PASS(TM) (Payments as a Secure Service(TM)) Commerce Center.
(BankServ , 02/07/2007)
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SVPCO-Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., today said that check image volume posted double-digit increases in January 2007 for both monthly and daily items and dollar value.
(The Clearing House, 02/07/2007)
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RDM Corporation, a leading provider of specialized software and hardware products for electronic payment processing, today reported its financial results for the three month period ended December 31, 2006.
(RDM Corporation, 02/06/2007)
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A new point-of-sale payment option that converts checks to electronic debits, available starting next month, will open the retailer market for remote deposit capture, a leading payments executive says.
(DigitalTransactions.net, 02/06/2007)
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The demise of the bold plan by the big players in electronic check conversion and truncation to combine image capture of all checks at inception with ACH distribution to all financial-institution endpoints for payment provides the payments industry with some critical insights and learnings.
(DigitalTransactions.net, 02/02/2007)
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Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, today announced that the Remote Deposit Capture Solution provided by its ProfitStars division has now been selected by 350 banks.
(Jack Henry & Associates, Inc, 02/02/2007)
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Imagine a future where you simply scan checks on your desktop and the money is magically deposited right into your business bank account via your PC. And while we’re dreaming, why not have the system launch your accounting software at the same time and automatically enter the deposits and update your accounts receivable ledgers.
(Work.com, 02/01/2007)
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There is a sea change in payment processing, and it possesses all the attributes of an intriguing riddle. It concerns Check 21, the legislation making it easier for banks to transfer check images electronically instead of physically transporting paper checks.
(Bank Technology News, 02/01/2007)
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Panini has been confirmed as the market share leader in distributed check capture based on independent, third-party research conducted by Celent, a leading research and consulting firm in the global financial services industry.
(Panini North America, Inc., 01/30/2007)
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A sweepingly ambitious, nearly year-long effort to speed up end-to-end electronic processing of checks has been shut down by its organizers, the victim of multiple operational complications that proved in the end too hard to overcome.
(DigitalTransactions.net, 01/30/2007)
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When Atlanta's Piedmont Bank made the jump into image deposit capture more than a year ago, the small business bank expected to nab some additional activity from remote clients.
(Bank Technology News, 01/29/2007)
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Back in December, A Patent examiner rejected all the claims relating to one of DataTreasury's key patents. Many would argue this opinion could lead to eventual invalidation of DataTreasury's patents.
(RemoteDepositCapture.com, 01/29/2007)
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National City Global Treasury Management today announced it has launched Corporate Remote Capture, an e-commerce solution with robust capabilities that provides the bank's business clients with a convenient, electronic way to manage check collections at their location and eliminate branch visits to make deposits.
(National City Corporation, NetDeposit Press Releases, 01/24/2007)
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DataTreasury Corporation, a Texas-based check-processing company, has signed a worldwide licensing agreement with Diebold, Incorporated, allowing the ATM manufacturer to use four of the company's financial transaction patents.
(Diebold, Incorporated, 01/23/2007)
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I think it’s fair to say that despite the prognostications of several people (me included), Check 21 implementation was very deliberate (read “slow” here) in 2005 and 2006. As we look at the 2007 project lists at banks, almost every one has a focus on check conversion technology.
(GonzoBanker.com, 01/18/2007)
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U.S. Bank has launched an image cash letter service for financial institutions nationwide through its correspondent banking group, allowing financial institutions to transmit image cash letters to U.S. Bank for processing.
(U.S. Bank, 01/17/2007)
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First Data Corp., Microsoft Corp. and HP today announced they have brought together their industry-leading payment solutions, state-of-the-art store management software programs and retail-ready computer hardware in a small business point of sale solution with features that until recently were only available to large retailers.
(First Data Corp., 01/15/2007)
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U.S. Bank is prepared to meet the needs of retailers and other customers who wish to take advantage of check electronification opportunities for point-of-sale (POS) payments when NACHA's check conversion rules change for Back Office Conversion (BOC) on March 16, 2007.
(U.S. Bank, 01/12/2007)
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According to new research charting the adoption of Check 21 (The Check Clearing for the 21st Century Act), 2007 will be another significant year in the ongoing "electronification" of paper checks.
(TowerGroup , 01/10/2007)
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CONIX Systems Inc., a leading international provider of payment processing solutions to the financial services industry, was selected by Winston-Salem, N.C.-based BB&T Corporation to provide its Dupe Detective solution, a system designed to protect both financial institutions and customer accounts from double postings of payments.
(CONIX Systems, 01/09/2007)
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The National Clearing House’s (NCHA) reported year-end image exchange volumes totaling more than 670.1 million items valued at $626 billion. The organization’s leap in image exchange volumes continued throughout December with a 15 percent increase in item volumes over November 2006.
(National Clearing House, 01/08/2007)
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SVPCO-Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., today reported that the number of check images exchanged in 2006 soared 15-fold compared to 2005, while the dollar value jumped 5-fold year-over-year.
(The Clearing House, 01/08/2007)
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As mentioned in our earlier post, there is relatively little advertising activity on the search engines for remote deposit capture services.
(NetBanker, 01/05/2007)
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Remote deposit capture is one of the most significant new technologies to hit online business banking since, well, online banking. According to Celent, 60 of the largest 100 banks, including 20 of the top 25, now offer it. In addition, hundreds of smaller community banks now offer it.
(NetBanker, 01/05/2007)
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CheckFree Corp.’s agreement to buy Dallas-based banking-software vendor Carreker Corp., announced Tuesday, will help extend the bill-payment processor’s reach into the business of electronic check image exchange, including the fast-growing remote capture market.
(DigitalTransactions.net, 01/02/2007)
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The formerly somnolent point-of-purchase (POP) electronic-check code continued on its newfound burst of energy in the third quarter, according to the latest automated clearing house volume report from NACHA—The Electronic Payments Association.
(DigitalTransactions.net, 12/27/2006)
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Endpoint Exchange LLC, a Metavante company, today announced that 12 of the country’s top 25 banks (by asset size) have joined the company’s growing national check image exchange network in 2006.
(Metavante, 12/27/2006)