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Why The Time Is Right For Banks To Offer Integrated Receivables

PYMNTS

For receivables, Berdan noted that larger banks have done well with lockboxes as have smaller banks have with remote deposit capture (RDC). With electronic payments, a corporation might be left with a tedious reconciliation process.

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Unlocking Paper Checks’ Potential With APIs

PYMNTS

Businesses have a lot of confidence in all of the information and all of the processes that may or may not be there with some newer [payment] methods,” he recently told PYMNTS, citing the “relative” speed with which payees can receive their funds, as well as the lack of interchange fee associated with accepting a check.

RDC
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linked2pay Adds Automated Merchant Approval, Onboarding

PYMNTS

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. Our automated approval process remedies that by making it paperless and automatic.

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linked2pay Bridges Banks To Real-Time Payments

PYMNTS

Announced in September, the features enable a simpler way to add ACH and remote deposit capture for card merchants, the company said at the time. In April, linked2pay also announced an integration with Chargent, which processes payments within the Salesforce AppExchange marketplace.

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

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Compliance And Innovation Make Profitable Bedfellows For Banks

PYMNTS

Or consider the fact that remote deposit capture still isn’t universally offered. There was no process improvement. It was just replicating the process and electronifying it,” McCarthy said. He said eCommerce is following a similar track to the way system engineers coded workflow 20 or 30 years ago.

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Technology: SME Friend And Foe

PYMNTS

According to the report, providers of outsourced procurement solutions are turning to robotic process automation technology to meet cost reduction needs, while remaining vigilant on invoice management and fraud prevention. The first is to reduce costs; the second is to gain great analytics capabilities.