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Unlocking Paper Checks’ Potential With APIs

PYMNTS

Yet data from the 2016 Association of Financial Professionals’ Electronic Payments Survey released last September actually found a 1 percent increase in corporates’ use of paper checks compared to two years ago. Today, Ballagh said, RDC technology has advanced to make the process of accepting a check even more seamless. API Steps In.

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Could A Bank-On-Bank Patent War Be Looming?

PYMNTS

A recently filed federal lawsuit over remote deposit capture technology (RDC) could signal the start of a wider patent-infringement struggle among banks, according to experts. USAA operates only four branches, using scanner- and smartphone-based RDC to serve a global base of customers. The lawsuit seeks unspecified damages.

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MOX Pay from Malauzai is First with RDC as Payment Option

Fintech Labs Insights

With MOX Pay from Malauzai Software , community banks and credit unions will be able to offer their business customers apps that will enable them to accept payments via remote deposit capture (RDC). Founded in 2009 and based in Austin, Texas, Malauzai Software demonstrated MOX Pay at FinovateSpring 2016.

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Don’t Write Off The Paper Check Just Yet

PYMNTS

Earlier this month, the company announced a buyback program to help financial institutions (FIs) trade in their broken Remote Deposit Capture (RDC) tools for an upgrade. Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016.

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FinDEVr APIntelligence

Fintech Labs Insights

We’re taking our FinDEVr developer showcase to New York on March 29 & 30, 2016. Mitek Partners with Harland Clarke to Improve RDC Security. Register today and save $200 through Friday. Markit lands three new customers for its KY3P (Know Your Third Party) platform. American Banker: OnDeck Capital Adds Former E-Trade Exec to Board.

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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

With the third annual FinDEVr Silicon Valley 2016 only a few weeks away (and tickets still available ), it’s a great time to look back and see what the FinDEVr alums have been up to this year. Alums presenting at FinDEVr Silicon Valley 2016: Aerospike ( FD15 ). Demoed at FinovateFall 2016. Earned a spot on the Big Data 50.