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Technology: SME Friend And Foe

PYMNTS

Technology has the power to help a business rise up from the competition. Small businesses, too, have an appetite for technology. This week, in our B2B Data Digest, PYMNTS examines how technology is both making life easier and harder for small business owners throughout the globe. 78% of U.S.

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Key Uses Years-Old Mobile Tech to Spur Business Payment Automation

Payments Source

In mobile banking technology, remote deposit capture is ancient history. But there's one area that history seems to have forgotten: Business payment automation.

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USAA Sues Wells Fargo Over RDC Technology

PYMNTS

USAA , the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo Bank over its use of USAA’s RDC technology. District Court in Marshall, Texas, accuses Wells Fargo of infringing on four of its mobile remote deposit capture patents.

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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). Corporates are looking for technology to help solve this growing burden of these electronic payments,” Berdan said. But, if not, they might have to sort through the body of an email.

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Capital One To Focus On Digital, Close 37 Locations

PYMNTS

We continue to see steady growth in mobile banking, online banking, enhanced ATMs, remote deposit capture, etc., Banks like Bank of America, JPMorgan, Zions Bancorp and Huntington Bancshares have all been spending on technology upgrades. Net income CAGR was 8.2 percent throughout the same time period.

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Unlocking Paper Checks’ Potential With APIs

PYMNTS

With that in mind, Ballagh explained that newer technologies can actually help paper checks become safer and faster, without forcing businesses that pay in check change their behavior. One of the largest technological developments that impacts check is remote deposit capture. This is where API technology comes in.

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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. Before filing the lawsuit, USAA asked other financial institutions to license the RDC technology. Bancorp must pay $3.3