Payments Source

MAY 13, 2016

Mitek Systems took advantage of the rise of smartphones by enabling remote deposit capture and identity verification on mobile devices. But that created a gap with laptops and desktop machines that Mitek is trying to address with an extra integration.

Remote Deposit Capture 60

Remote Deposit Capture Addressing Verification Risk 60

PYMNTS

MARCH 13, 2017

The paper check has a nasty reputation in B2B payments as a cumbersome, manual and risky payment rail. 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.

RDC 77

RDC Checks API Remote Deposit Capture 77

PYMNTS

SEPTEMBER 22, 2016

Linked2pay, the platform provider of Bank Centric Payments, announced on Wednesday (Sept. In a press release , the company said that it removed a barrier for acquirers and ISOs by simplifying the option to add ACH and Remote Deposit Capture for new and existing card merchants.

Automation 62

Automation Remote Deposit Capture ISOs ACH 62

PYMNTS

MAY 22, 2020

Much of CO-OP’s digital transformation has been focused around digital payments, which has seen significant volume uptick throughout COVID-19 as people use their mobile phones and apps for remote deposit capture, or for a wide variety of services, including real-time money movement.

Credit Union 105

Credit Union Remote Deposit Capture Volume Push-to-Card 105

PYMNTS

DECEMBER 10, 2020

As the world becomes increasingly digitized and more consumers embrace the speed and convenience of contactless purchases, Jim McCarthy , president of payment technology and innovation firm i2c , said banks have been left behind and should focus on what they do best — compliance. On the other hand, what they’re very good at is compliance.”.

Compliance 104

Compliance Innovation Remote Deposit Capture Online and Mobile Banking 104

PYMNTS

JUNE 12, 2018

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. Remote deposit capture stands as only one payment technology that can leave financial institutions vulnerable to patent infringement lawsuits.

Remote Deposit Capture 46

Remote Deposit Capture RDC Indemnification Checks 46

PYMNTS

JANUARY 23, 2018

the data shows, and most are written by corporates, lenders and other enterprises via supplier payments, payroll, expenses and other types of transactions. According to Ingo Money CEO Drew Edwards, paper checks are simply an easier way for an organization to make a one-time payment to another organization with which it has no relationship.

Remote Deposit Capture 43

Remote Deposit Capture Checks Same Day ACH RDC 43

PYMNTS

MAY 17, 2018

Legacy systems can be a problem across the board in the payments industry, and corporate deposits are no different. Many of the remote deposit capture (RDC) systems in place today have been around for 15 years or longer. Second, the payment must be logged so that open invoices can be closed out.

RDC 46

RDC Remote Deposit Capture Checks Automation 46

PYMNTS

OCTOBER 17, 2016

740 million went unclaimed by SMEs simply because they forgot to cash a check last year , meaning mobile remote deposit capture (mRDC) technology providers have a major opportunity to push their solutions into the SME market. So, why aren’t small businesses adopting automation technology for their procure-to-pay needs?

Technology 76

Technology Remote Deposit Capture Small Business Automation 76

PYMNTS

MARCH 28, 2019

ICBA Bancard, the payment services arm of the Independent Community Bankers of America (ICBA), has partnered with Urban FT, a New York-based software company, to bring prepaid cards to community banks, the companies said in a press release. trillion by 2022. Paul, Minn.-based based Sunrise Banks, a $1.1

Remote Deposit Capture 51

Remote Deposit Capture Community Banks Correspondent Bank Correspondent 51

PYMNTS

JUNE 3, 2020

TrueLayer To Enable UK Government Payments. government to work with public sector entities and provide them with payment initiation services, according to reports in SmartCitiesWorld. Spain’s central bank recently granted a PSD2 license to payments technology firm RevoluPAY, which announced the news late last month.

FinTech 68

FinTech Remote Deposit Capture Payer API 68

PYMNTS

OCTOBER 7, 2019

Those opportunities have grown, too, as corporates embrace digitization, the cloud and electronic payments. Among the most recent is the emergence of remote deposit capture , enabling employees to automatically capture receipt data by taking a picture of the document with their mobile device.

API 51

API Remote Deposit Capture Payment APIs and Integration Commercial Card 51

Faster Payments Council

MARCH 15, 2023

The Spring Member Meeting will bring together FPC members for two days filled with presentations on the most pressing issues in faster payments, panel discussions with industry experts, roundtables on timely topics, and engaging networking opportunities.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

APRIL 23, 2020

For] a small restaurant chain, it might talk about the way … merchant applications can help [it] with taking orders and taking payments at the table,” Warder explained. “[For] Companies ranging from Apple to Google to Uber are all diving into banking services, working to offer checking accounts, online payments and credit cards.

Online and Mobile Banking 90

Online and Mobile Banking Remote Deposit Capture Small Business ATM 90

PYMNTS

FEBRUARY 22, 2017

21) that FTNI will provide AR processing services for Horicon Bank’s corporate banking clients, which will have access to a single SaaS platform to accept payments across payment rails, including ACH, check, cards and cash. The companies revealed Tuesday (Feb.

Remote Deposit Capture 40

Remote Deposit Capture Online and Mobile Banking Automation Lockbox 40

PYMNTS

OCTOBER 24, 2017

Companies can set up automated and expedited payments with the new features, VSoft said, and control accessibility for their employees. Arya already provides features for corporates, including remote deposit capture for check deposits, employee transaction tracking and other tools.

Remote Deposit Capture 43

Remote Deposit Capture Wire Transfer Small Business Wire 43

PYMNTS

APRIL 22, 2020

Bank of America has also temporarily halted all evictions, foreclosure sales and repossessions, and plans to defer mortgage payments as well, pending guidance from the federal government. This amounts to roughly $3.6 billion in aid, $1 billion of which will be directed specifically at commercial property owners.

Remote Deposit Capture 56

Remote Deposit Capture Small Business Financial Crimes ATM 56

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system. Faster Payment Options For SMBs.

Community Banks 46

Community Banks Faster Payments Innovation Same Day ACH 46

Fintech Labs Insights

JULY 15, 2015

Citizens 1st National Bank introduces Mobile Remote Deposit Capture with Integration of Malauzai SmartApp, Ensenta mRDC. Arxan Technologies partners with Sequent to develop new security solution to protect HCE-based payment systems. Five Degrees appoints Peter-Jan van de Venn as new Chief Commercial Officer.

Remote Deposit Capture 25

Remote Deposit Capture Financial Inclusion Agreements Posting 25

PYMNTS

OCTOBER 31, 2017

One of the biggest pro-check arguments in B2B payments today is that the payment rail lets corporate payers get a few extra days off to float cash. He added that while businesses are moving away from checks toward electronic payments, ePayments don’t necessarily meet all the needs of vendors and suppliers.

Treasury Management 41

Treasury Management Treasury Remote Deposit Capture Disputes 41

PYMNTS

APRIL 1, 2016

For banks, according to an e-book by payments processing firm FTNI, receivables management is a constant juggling act across corporate customers, and their own internal daily ebb and flow of cash flow. Those attributes mean that implementation gets easier and can be adapted to suit any combination of users or payment methodologies.

Remote Deposit Capture 40

Remote Deposit Capture Lockbox Remittance Data Compliance 40

PYMNTS

MAY 31, 2018

In the homeowners’ association (HOA) vertical, more than 70 percent of property vendor payments are still made via paper check. Michael Praeger, CEO and co-founder of AvidXchange , said it’s past time to bring automation into the space to optimize invoice management and payment processes. Workers in the $1.4

Remote Deposit Capture 43

Remote Deposit Capture Automation Cross-Border IRS 43

PYMNTS

NOVEMBER 19, 2019

From investing to storing funds to making payments, the bank offered the total financial services bundle. And we came along with ubiquitous mobile remote deposit capture, so now consumers can put their checks into any account they want from a single app in minutes.”. The Lessons of Lending .

Instant Payments 43

Instant Payments Online and Mobile Banking Remote Deposit Capture Push-to-Card 43

PYMNTS

MAY 31, 2018

In the homeowners’ association (HOA) vertical, more than 70 percent of property vendor payments are still made via paper check. Michael Praeger, CEO and co-founder of AvidXchange , says it’s past time to bring automation into the space to optimize invoice management and payment processes. Workers in the $1.4

Remote Deposit Capture 40

Remote Deposit Capture Automation Cross-Border IRS 40

Wharton Fintech

OCTOBER 30, 2023

What’s your next loan payment due? There’s obviously a ton more integrations, you know, with respect to third parties like eStatements and BillPay and Remote Deposit Capture and Check Imaging and Security and BSA tools. There’s absolutely no question that it is the future of payments in this country.”

API 130

API Online and Mobile Banking FedNow Credit Union 130

PYMNTS

JULY 15, 2016

Today, however, SMEs have the expectation of solutions like online banking platforms, online resources for loan applications, better customer service and mobile tools , like remote deposit capture. “They expect that today. Three or four years ago, small businesses didn’t have that expectation.

Community Banks 40

Community Banks Small Business Online and Mobile Banking Remote Deposit Capture 40

PYMNTS

MARCH 21, 2017

The solution will use Mitek’s MiSnap Multi-Check Capture and Mobile Deposit applications, the firm said. While electronic payments continue to take hold in the business world, checks remain a primary form of payment,” said SAP Ariba SVP Business Development & Strategy Joseph Fox in a statement.

Checks 46

Checks Mobile Deposit Reconciliation B2B 46

Fintech Labs Insights

JUNE 7, 2016

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). The post MOX Pay from Malauzai is First with RDC as Payment Option appeared first on Finovate.

RDC 16

RDC Remote Deposit Capture Credit Union Online and Mobile Banking 16

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

Fintech Labs Insights

JULY 20, 2016

Payments for marketplaces. Alt-payments. Banking & payments software. Remote deposit capture. NFC-based mobile payments. Tags: Institutions, B2B2C, mobile, deposit, checking accounts, Finovate alum. Source: FT Partners. Fintech company builder. Latest round: $23.6 million Series A.

P2P 13

P2P Underwriting FinTech Remote Deposit Capture 13

PYMNTS

MAY 7, 2020

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “Checks will be around for a while. Preserving Check Workflows.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67

PYMNTS

APRIL 26, 2016

Payments would be fast — instant even — and accounts payable and accounts receivable would align, allowing all businesses to be on the same financial page with their cash flow. On top of credit cards and paper checks, for instance, adding an ACH payment option can introduce a less expensive way to get paid. “If

Checks 40

Checks B2B ACH Remote Deposit Capture 40

PYMNTS

FEBRUARY 24, 2020

They don’t have to go to the bank to cash a check, and can instead use mobile remote deposit capture. Over the last decade, innovators have capitalized on the consumers’ growing desire to save time, using mobile devices and apps to create any number of ways to do that.

Economy 83

Economy Online and Mobile Banking Remote Deposit Capture Innovation 83

PYMNTS

JUNE 14, 2018

Paper checks have become the ugly (yet popular ) duckling of the B2B payments industry. They are slow and cumbersome, require manual data entry and are often blamed for delayed vendor payments. Its Check22 solution sends a digital copy of a check to the seller, which they can print out and deposit into their merchant accounts.

Checks 40

Checks Risk Gateways Push-to-Card 40

Evolve Payment

JANUARY 21, 2025

Table of Contents Bring ACH Payment Innovations to Your Clients If youre looking to adopt dual pricing or surcharging, its important to offer your clients flexibility in how they pay. Thats where ACH comes ina cost-effective payment solution that eliminates card fees and simplifies the transaction process.

ACH 52

ACH RDC Remote Deposit Capture Innovation 52