Payments Source

JANUARY 4, 2021

PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.

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Venmo Checks PayPal Mobile Payments 193

PYMNTS

DECEMBER 22, 2020

PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature.

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Checks PayPal Direct Deposit Venmo 113

Payments Dive

OCTOBER 12, 2023

Although roughly 99% of vendors surveyed accept ACH payment, the share of payments made via check was neck-and-neck with that for ACH this year, according to a MineralTree report.

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Checks ACH B2B Payments 97

EBizCharge

JULY 23, 2024

Unexpected expenses and insufficient funds can result in returned checks, leading to hefty fees and significant financial challenges. Therefore, businesses should understand the costs associated with returned checks to optimize their financial planning. What is a returned check fee?

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Returns Checks Electronic Funds Transfer (EFT) Direct Deposit 52

Bank Automation

FEBRUARY 8, 2024

Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows. In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. As consumers lean into […]

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Checks Fraud Detection Scams AI 65

Paystand

JUNE 13, 2024

Despite the rise of digital payments , paper checks are still widely used in B2B transactions. While digital payment methods have gained popularity, paper checks still hold a strong position in specific industries and financial scenarios.

Checks 52

Checks B2B Transactions Digital Payments 52

The Fintech Times

AUGUST 16, 2024

With the integration of iDenfy’s AI-powered software that carries both government ID and selfie checks, Gopher introduced Gopher TrustShield. The post Gopher Identifies Best Partner to Improve KYC and Verification Checks for Its Marketplace appeared first on The Fintech Times.

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Verification Checks Service Provider Security 75

Finextra

MAY 15, 2024

Koodoo, the AI-powered technology provider for financial services, today announces that it is partnering with Resistant AI to supercharge its Document Checking offering with Resistant AI’s leading Document Forensics technology.

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Checks AI Technology 64

The Nilson Report

JULY 8, 2024

The post Target Will Stop Accepting Personal Checks appeared first on Nilson Report.

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Checks Posting 52

Agile Payments

JANUARY 29, 2019

By leveraging checking account verification tools businesses can reduce the chance of losing customers over simple data entry errors. The majority of the time payment rejects are accidents, and making customers go through the hassle of the sale process again will undoubtedly lead to a fraction of those sales being lost.

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ACH Checks Verification Accounts 128

Payments Dive

MARCH 17, 2022

The share of consumers planning to use mobile phones to pay their taxes increased over last year, while the portion preferring to pay by check declined, according to a survey from payments firm ACI Worldwide.

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Checks IRS Consumer Payments 144

Finovate

JULY 24, 2024

We’re more than halfway through 2024 so there’s no better time for a trends temperature check to determine what we should be paying attention to throughout the second half of the year. Photo by Tara Winstead The post Temperature Check on 4 Fintech Trends in 2024 appeared first on Finovate.

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Checks FinTech Embedded Finance CFPB 59

EBizCharge

MAY 8, 2024

This article will shed some light on ACH check processing fees, explaining each type and how they could affect your financial transactions. Integration fee: Businesses that require ACH check processing to integrate with their existing accounting software or payment systems may face an integration fee. What is ACH?

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ACH Checks Process ACH Network 52

Finovate

APRIL 16, 2024

Codat launched a Supplier Enablement data product with an aim to help businesses replace paper checks. The Supplier Enablement tool recruits suppliers to accept virtual card payments instead of checks by allowing card issuers to access the right ERP data. The Supplier Enablement tool is currently in production with select J.P.

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Checks Product Payment APIs and Integration Card Issuer 52

Finextra

JUNE 20, 2024

Refine Intelligence today launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques.

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Fraud Prevention Checks CHIPS Addressing 52

Payments Source

NOVEMBER 18, 2020

While most payment firms consider checking a time-consuming expensive relic for business transactions, one San Francisco-based fintech is going the opposite direction by adding checks to its digital platform.

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Checks Transactions FinTech Consumer 123

The Fintech Times

MARCH 20, 2024

The latest survey from digital compliance specialists SmartSearch has revealed that firms do not always complete verification checks when taking on new business clients. Given the clear requirements of regulators, advancements in technology can help streamline this process considerably and help firms complete such checks.

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Verification Checks Regulations Money Laundering 59

The Fintech Times

AUGUST 15, 2024

Adatree , an Australian open data solution provider, has unveiled a new ‘Insights’ product suite, including Account Verification and Balance Checks, in a move to empower companies in the fight against financial fraud and scams.

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Verification Checks Accounts Scams 59

The Fintech Times

JUNE 25, 2024

The post Klarna Checks Out of Klarna Checkout appeared first on The Fintech Times. We look forward to engaging with our merchant partners, in addition to presenting our plans and roadmap for the continued evolution of KCO.”

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Checks Advisors Continuity Agreements 59

BlueSnap

JULY 29, 2024

The post BlueSnap Checks All the Boxes to Support Arbonne’s Growth & Payments [Video] appeared first on BlueSnap. When Arbonne was looking for a payments partner that had the capabilities needed to support the growing international personal skin care and wellness brand, they chose BlueSnap. Learn more in this video testimonial.

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Checks Payments Posting 52

Payments Source

MARCH 9, 2020

If a checking account doesn’t come with checks anymore, can it still be called a checking account? It’s a valid question that the financial services industry should be asking itself.

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Checks Mobile Payments Accounts Payments 118

Nanonets

APRIL 1, 2024

Introduction In both personal and business finance, the management of outstanding checks and thorough bank reconciliation practices are important for maintaining financial hygiene. Check out Nanonets Reconciliation where you can easily integrate Nanonets with your existing tools to instantly match your books and identify discrepancies.

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Reconciliation Checks Automation Process 52

Seon

JUNE 1, 2023

Check fraud, where fraudsters interfere with check payments, runs rampant in spite of the increase in digital payments. In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. What Are High-Security Checks?

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Checks Security Fincen Payer 52

PYMNTS

SEPTEMBER 17, 2020

“Pandenomics” may usher in a new age for mobile check capture and deposits. In fact, we might not go back to the bank in person at all unless we have to, say, sign and notarize a mortgage document or cash a (paper) cashier’s check. Does Growth In Mobile Texts Portend Growth In Mobile Checks? We never will.

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Checks Mobile Deposit Duplicate ATM 118

Payments Dive

JULY 21, 2022

The company is “transforming from a legacy check-printing company to a payments and data company," CEO Barry McCarthy said.

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Checks Payments 88

Payments Source

SEPTEMBER 3, 2020

Business-to-consumer payments are rapidly shifting to digital channels, replacing paper checks with a variety of instant-payment methods for gig work and corporate reimbursements.

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Checks Digital Payments Instant Payments Innovation 121

The Fintech Times

SEPTEMBER 4, 2024

The post Kuady Checks Another LatAm Country Off the List as Open Payment Technologies Expands Across Region appeared first on The Fintech Times.

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Checks Technology Cross-Border Processors 59

Payment Savvy

NOVEMBER 14, 2022

If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. Below, we detail how electronic checks work, their benefits, and their best applications.

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Checks Direct Deposit ACH Online and Mobile Banking 52

PYMNTS

APRIL 24, 2020

PayPal has temporarily suspended check-cashing fees for stimulus checks issued as part of the federal government’s coronavirus relief efforts. A PayPal spokesman told PYMNTS the standard 1 percent fee will be waived for stimulus and payroll checks. For $1,200 checks, that’s a $12 savings, and $24 for $2,400 payments.

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Checks PayPal Compromise Payroll 67

Agile Payments

AUGUST 15, 2023

Understanding ACH Payment Processing and the Importance of Using a Checking Account Verification Tool

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ACH Verification Checks Accounts 88

Payments Dive

AUGUST 15, 2024

“JPMorgan Chase is the industry leader when it comes to usurious overdraft fees,” Sens. Elizabeth Warren, D-MA, and Chris Van Hollen, D-MD, wrote in a letter sent Friday.

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Checks Accounts 78

Payments Source

FEBRUARY 27, 2020

Deluxe has spent many years working to diversify beyond paper checks, which are in an inevitable decline. But that diversity led to confusion.

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Checks FinTech Digital Payments Payments 131

Agile Payments

MARCH 22, 2019

A Check Verification Process mitigates check acceptance risks at the point of sale, with verification options ranging from automated routing number check and negative database options, to near real-time inquiries into current checking account status.

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Verification Checks Process Near Real-Time 68

The Nilson Report

APRIL 29, 2024

The post Worldline Partners with RiskQuest BV for Credit Checking appeared first on Nilson Report.

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Checks Posting 52

PYMNTS

JANUARY 8, 2021

Roughly 8 million stimulus check Visa debit cards are being mailed to households this week, the U.S. Millions of payments have already been made via direct deposit and paper checks, with the goal of quickly delivering assistance. Instead, those people will either get a new card, paper check or direct deposit.

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Debit Card Checks Direct Deposit IRS 129

PYMNTS

AUGUST 4, 2020

PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity to issue despite the fact that most people on the receiving end really hate getting them. The majority of the misprinted checks were sent to businesses receiving corporate tax refunds.

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Checks IRS Tax Refunds Returns 97