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Don’t Write Off The Paper Check Just Yet

PYMNTS

Earlier this month, the company announced a buyback program to help financial institutions (FIs) trade in their broken Remote Deposit Capture (RDC) tools for an upgrade. Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016.

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Unlocking Paper Checks’ Potential With APIs

PYMNTS

One of the largest technological developments that impacts check is remote deposit capture. According to the AFP, 71 percent of businesses have experienced actual or attempted check fraud. Today, Ballagh said, RDC technology has advanced to make the process of accepting a check even more seamless.

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