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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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Digiliti Money Celebrates Rebrand by Ringing NASDAQ Closing Bell

Fintech Labs Insights

Announced last month, the rebrand for the cloud-based, mobile RDC and prepaid card solutions provider comes at what Digiliti Money CEO and chairman Jeff Mack called “an important inflection point in the company’s development.”

RDC
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FinDEVr Silicon Valley: Looking Back, Moving Forward

Fintech Labs Insights

Teamed up with Harland Clarke to improve RDC security. Entered referral agreement with Opus Bank to power SMB lending. DeBello as board chair. Launched mobile deposit in the U.K. Combined its Mobile Verify solution with anti-fraud technology from IdentityMind Global. Introduced mobile multi-check capture for commercial mobile deposit.