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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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How Banks Have Adapted Their Digital Banking Systems To Serve Customers During The Pandemic

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Banks have] also increased limits on remote deposit capture, so even for the larger transactions, clients can use digital capabilities more than they would have before the crisis.”. Emerging competition from banking-as-a-service providers is one such challenge, according to Warder. Looking Beyond the Outbreak.

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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

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A recent report by financial services provider FIS found that while community banks have been successful in many areas of digital-first solutions, these institutions are still “slow to adapt” to shifting consumer needs.

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How ‘Me2Me’ Became FinServ’s New ‘Sticky’

PYMNTS

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.”. As everything has dispersed and unbundled, banks (and the rest of the financial services industry) have had to change.

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Preserving Check Workflows Can Ease B2B Payments Digitization

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” That understanding means service providers cannot force corporates away from paper. This is unacceptable — especially today with AR and AP teams already managing an immense sense of disruption in remote working environments. “Checks will be around for a while. Preserving Check Workflows.

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Why Checks Are Still Golden For High-Risk Sellers

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Genie Gateway focuses its services on unbanked and underbanked high-risk merchants, for which the exposure to chargebacks means they are often shunned by traditional financial service providers, Skala explained. “The bank will feel they’re a risky business, and for that reason won’t give them an account.”

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A Reality Check For B2B Payments

PYMNTS

Payment processing firm iStream first launched more than a decade ago to provide its Remote Deposit Capture technology for companies that need to collect payments in the field in the form of checks. Reality, of course, is far from this utopia. Corporations also want control over who they’re doing business with.