Bank Automation

MARCH 15, 2024

Digital Grasshopper Bank will roll out an improved check-clearing process this year to streamline the time between depositing a check and gaining access to the funds.

Checks 75

Checks Check Clearing Automation Process 75

Payments Dive

AUGUST 22, 2023

check use for transactions, other nations have seen sharper declines, a Federal Reserve study showed. Although there has been a drop in U.S.

Checks 147

Checks Federal Reserve Fed Transactions 147

Bank Automation

FEBRUARY 8, 2024

Industrywide, financial institutions are seeing an uptick in synthetic identities, scam activity and check fraud even as digital channel adoption grows. In fact, check fraud is expected to reach $24 billion in 2024, according to a Jan. As consumers lean into […]

Checks 78

Checks Fraud Detection Scams AI 78

Fintech Finance

OCTOBER 9, 2024

and CBI joins their IBAN-Name Check expertise at the service of their respective communities in order to offer an interoperable solution to fight against fraud. The IBAN Name Check – VoP Service, is designed to ensure that IBAN codes are correctly matched with the names of beneficiaries before payments are processed. SEPAmail.eu

IBAN 103

IBAN Interoperability Payee Verification 103

Payments Source

JANUARY 4, 2021

PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.

Venmo 193

Venmo Checks PayPal Mobile Payments 193

PYMNTS

DECEMBER 22, 2020

PayPal will allow customers to cash their next stimulus checks free of charge, according to a press release. The payments giant said in the release that the checks will go through instantly on the PayPal app's cash-a-check feature.

Checks 113

Checks PayPal Direct Deposit Venmo 113

Finovate

OCTOBER 2, 2024

Check out the highlights reel below. The post Check Out 66 New FinovateFall Demo Videos appeared first on Finovate. Bancography CardLift Credit Mountain Delfi Labs Eko Investments Illuma Nest Bank & Efigence Themis FinovateFall highlights reel Want to re-live the entire show? We’ll see you there!

Checks 52

Checks FinTech Posting 52

Finovate

JULY 23, 2024

A partnership between Featurespace and OrboGraph will help banks and other financial services companies defend themselves against check fraud. Many consumers, especially younger consumers, have abandoned paper checks. In fact, some analysis suggests that paper checks represent less than 5% of transactions in the U.S.

Checks 64

Checks Fraud Detection Financial Crimes Crime 64

Finextra

SEPTEMBER 3, 2024

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

Checks 69

Checks AI Finance Automation 69

Payments Dive

OCTOBER 12, 2023

Although roughly 99% of vendors surveyed accept ACH payment, the share of payments made via check was neck-and-neck with that for ACH this year, according to a MineralTree report.

Checks 97

Checks ACH B2B Payments 97

Finextra

OCTOBER 9, 2024

Starting today, ABN AMRO’s app includes an online tool that lets clients check whether an incoming call is actually from an employee of the bank.

Checks 59

Checks 59

Finovate

JUNE 20, 2024

Refine Intelligence has introduced its Digital Customer Outreach for Check Fraud Prevention solution. The technology automatically contacts customers whose checks have been flagged as suspicious, and provides a user-friendly digital inquiry process to help customers resolve issues in seconds.

Fraud Prevention 59

Fraud Prevention Checks Financial Crimes Due Diligence 59

Fintech Finance

SEPTEMBER 17, 2024

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, announced that Affirm is now available to eligible users checking out online and in-app with Apple Pay on iPhone and iPad. After choosing Affirm, they will go through a quick eligibility check that will not impact their credit score.

Checks 83

Checks Payment Networks Authentication Privacy 83

Payments Dive

JULY 10, 2024

The retailer’s customers will still have six payment options after the change takes effect in about a week.

Checks 158

Checks Payments 158

Paystand

JUNE 13, 2024

Despite the rise of digital payments , paper checks are still widely used in B2B transactions. While digital payment methods have gained popularity, paper checks still hold a strong position in specific industries and financial scenarios.

Checks 52

Checks B2B Transactions Digital Payments 52

Agile Payments

JANUARY 29, 2019

By leveraging checking account verification tools businesses can reduce the chance of losing customers over simple data entry errors. The majority of the time payment rejects are accidents, and making customers go through the hassle of the sale process again will undoubtedly lead to a fraction of those sales being lost.

ACH 128

ACH Checks Verification Accounts 128

Payments Dive

MARCH 17, 2022

The share of consumers planning to use mobile phones to pay their taxes increased over last year, while the portion preferring to pay by check declined, according to a survey from payments firm ACI Worldwide.

Checks 144

Checks IRS Consumer Payments 144

EBizCharge

JULY 23, 2024

Unexpected expenses and insufficient funds can result in returned checks, leading to hefty fees and significant financial challenges. Therefore, businesses should understand the costs associated with returned checks to optimize their financial planning. What is a returned check fee?

Returns 52

Returns Checks Electronic Funds Transfer (EFT) Direct Deposit 52

Finextra

OCTOBER 3, 2024

Numerated, the leading AI-driven commercial lending platform, today announced its partnership with Alloy, the identity risk management company trusted by over 600 leading banks, credit unions and fintech companies, to deliver best-in-class fraud checks within commercial lending.

Checks 52

Checks Credit Union Risk Management AI 52

Finextra

MAY 15, 2024

Koodoo, the AI-powered technology provider for financial services, today announces that it is partnering with Resistant AI to supercharge its Document Checking offering with Resistant AI’s leading Document Forensics technology.

Checks 64

Checks AI Technology 64

Payments Source

NOVEMBER 18, 2020

While most payment firms consider checking a time-consuming expensive relic for business transactions, one San Francisco-based fintech is going the opposite direction by adding checks to its digital platform.

Checks 123

Checks Transactions FinTech Consumer 123

Finovate

APRIL 16, 2024

Codat launched a Supplier Enablement data product with an aim to help businesses replace paper checks. The Supplier Enablement tool recruits suppliers to accept virtual card payments instead of checks by allowing card issuers to access the right ERP data. The Supplier Enablement tool is currently in production with select J.P.

Checks 52

Checks Product Payment APIs and Integration Card Issuer 52

EBizCharge

MAY 8, 2024

This article will shed some light on ACH check processing fees, explaining each type and how they could affect your financial transactions. Integration fee: Businesses that require ACH check processing to integrate with their existing accounting software or payment systems may face an integration fee. What is ACH?

ACH 52

ACH Checks Process ACH Network 52

The Nilson Report

JULY 8, 2024

The post Target Will Stop Accepting Personal Checks appeared first on Nilson Report.

Checks 52

Checks Posting 52

Finextra

OCTOBER 21, 2024

New research from Barclays reveals how half (51 per cent) of Brits who use social media for investment guidance are putting their confidence and money at risk by not always carrying out checks to verify the reliability of finfluencers and their content.

Checks 52

Checks Research Risk 52

The Nilson Report

SEPTEMBER 18, 2024

The post Alogent and Mitek Announce Partnership to Tackle Ballooning Check Fraud Epidemic appeared first on Nilson Report.

Checks 52

Checks Posting 52

Payments Source

MARCH 9, 2020

If a checking account doesn’t come with checks anymore, can it still be called a checking account? It’s a valid question that the financial services industry should be asking itself.

Checks 118

Checks Mobile Payments Accounts Payments 118

The Nilson Report

NOVEMBER 4, 2024

The post Affirm Live for Checking Out Online or In-App with Apple Pay appeared first on Nilson Report.

Checks 52

Checks Posting 52

Finextra

JUNE 20, 2024

Refine Intelligence today launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques.

Fraud Prevention 52

Fraud Prevention Checks CHIPS Addressing 52

Evolve Payment

FEBRUARY 15, 2024

Table of Contents Accelerating Accounts Receivable With B2B Payments Technology The days of cumbersome paper checks and out-of-PCI compliance snail-mail invoices are fading into the rearview mirror. Cheaper & More Efficient Than Paper Paper checks involve printing, postage, and manual reconciliation, adding to substantial expenses.

B2B 81

B2B Checks AFP FinTech 81

The Fintech Times

MARCH 20, 2024

The latest survey from digital compliance specialists SmartSearch has revealed that firms do not always complete verification checks when taking on new business clients. Given the clear requirements of regulators, advancements in technology can help streamline this process considerably and help firms complete such checks.

Verification 59

Verification Checks Regulations Money Laundering 59

Finovate

JULY 24, 2024

We’re more than halfway through 2024 so there’s no better time for a trends temperature check to determine what we should be paying attention to throughout the second half of the year. Photo by Tara Winstead The post Temperature Check on 4 Fintech Trends in 2024 appeared first on Finovate.

Checks 59

Checks FinTech Embedded Finance CFPB 59

The Fintech Times

AUGUST 16, 2024

With the integration of iDenfy’s AI-powered software that carries both government ID and selfie checks, Gopher introduced Gopher TrustShield. The post Gopher Identifies Best Partner to Improve KYC and Verification Checks for Its Marketplace appeared first on The Fintech Times.

Verification 75

Verification Checks Service Provider Security 75

The Fintech Times

AUGUST 29, 2024

This includes Aadhaar, PAN, DL, voter ID, passport verifications, face match, liveness detection, geolocation check, bank account, and UPI ID verifications. It includes NLP-based OCR, selfie verification with liveliness checks, and device intelligence.

Checks 69

Checks Risk Assessment Security Payment APIs and Integration 69

Seon

JUNE 1, 2023

Check fraud, where fraudsters interfere with check payments, runs rampant in spite of the increase in digital payments. In fact, on February 27, 2023, FinCEN issued a report warning financial institutions of the rise in mail theft-related check fraud. What Are High-Security Checks?

Checks 52

Checks Security Fincen Payer 52

The Nilson Report

SEPTEMBER 23, 2024

The post OnlineCheckWriter.com Joins Zil Money to Offer Enhanced Check Mailing with Tracking appeared first on Nilson Report.

Checks 52

Checks Posting 52