FICO
AUGUST 24, 2020
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. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank?
PYMNTS
JULY 3, 2018
There are plenty of mobile deposit apps for consumers, but there are far fewer focused on commercial mobile deposits. Employees in the field are often stuck accepting only cash or checks, which they collect throughout the week and deposit as a batch. DadeSystems. Jewel Paymentech.
FICO
SEPTEMBER 10, 2020
Consumers are taking “mobile to the max” by using their phones for mobile deposit, contactless payments and person-to-person payments. Mobile deposit and money transfer, just two of the powerful features of today’s mobile banking apps, make it much easier for people to move money.
FICO
FEBRUARY 24, 2022
In this clip from ABS-CBN, I discuss the rise of money mules in the Philippines: Faster Payments Accelerate Problem. Consumers are increasingly using their phones for almost everything , from mobile deposits, to contactless payments and person-to-person payments, a trend that will likely remain as the “new normal” even after the pandemic.
FICO
JANUARY 10, 2023
Contactless Payments Fraud – A Sleeping Lion in a Trillion-Pound Market. Matt Cox reported that the rapid growth of contactless payments has attracted the attention of fraudsters who are always seeking out new methods to steal money. Read the full post. Matt recommended that lenders: Mitigate the risks now.
Fintech Labs Insights
AUGUST 22, 2024
Jiffee (by Neontri) : Contactless payments via mobile, increased adoption in retail environments. BankOns: Mobile offers and rewards platform, integrated with banking apps for real-time savings. Dwolla: Continued to grow as a payment network, focusing on low-cost transactions.
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