Remove Checks Remove Mobile Banking Remove Mobile Deposit
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How ‘Pandenomics’ Will Drive Mobile Check Deposits

PYMNTS

“Pandenomics” may usher in a new age for mobile check capture and deposits. In an interview with Karen Webster, Mike Diamond , general manager of digital banking at Mitek , said it’s unlikely that customers will revert back to their branch-intensive, pre-pandemic banking behaviors. We never will.

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Mitek Unveils Update For Mobile Banking Deposits

PYMNTS

Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Mitek’s update comes at a time, the company added, “when heading to a physical branch location with a paper check may not be an immediate option.”

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What Check Fraud Can Teach Banks About Preparing For The Instant Payments Future

PYMNTS

Perhaps that’s why, in the midst of the seemingly never-ending stream of headlines about data breaches, account takeovers, stolen credit cards and online fraud , the notion of “check fraud” seems something of an outlier for the up-and-coming fraudster looking to make a decent living. And the death of checks – sooner rather than later.

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Mobile to the Max

FICO

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Since then, I’ve deposited nearly a dozen checks using this nifty capability. First, I still get a lot of paper checks. Mobile deposits are so easy!”. What does it mean?

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Wells Fargo On Why First Impressions Are Key In Digital Banking

PYMNTS

“There’s been a 20 percent-plus increase in customers signing into digital banking capabilities and significant month-over-month increases in mobile check deposits. In March, the number of [mobile] checks deposited was up 40 percent over February, for example. How Data Aids Seamless Onboarding .

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Baby Steps In Digital B2B Payments

PYMNTS

Corporations have been chastised in recent years as floods of new data reveal the ongoing prevalence of paper checks in B2B payments. But if the financial services sector is going to actually service its corporate clients, then it must acknowledge that checks will remain in the mix — at least for the foreseeable future. “It

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COVID Crime: What Is Money Muling, and How Can We Fight It?

FICO

Typically, money mules are unwittingly tricked into depositing a fraudulent check into a bank account or into receiving money from accounts without authorization of the account owner. Consumers are taking “mobile to the max” by using their phones for mobile deposit, contactless payments and person-to-person payments.

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