article thumbnail

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. Its Mobile Deposit solution has been licensed by more than 6,400 financial institutions. Premier” checking account customers.

article thumbnail

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. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank?

article thumbnail

Connecting Small Banks To The Mobile Future

PYMNTS

Nine years after the introduction of the iPhone to the market — and the subsequent great mobile leap forward — the verdict is pretty much in on mobile banking applications: Consumers like it, verging on loving it, and are eager for more of it.

article thumbnail

USAA sues Wells Fargo over remote-deposit patents

Payments Source

When asked if other banks were being sued, USAA said the lawsuit names only Wells Fargo because the bank is one of the biggest adopters of remote mobile deposit capture and has failed to license the technology.

article thumbnail

BECU On Why It Pays To Think Like A Challenger Bank

PYMNTS

Consumers’ affinity for online banking solutions, especially mobile banking, is far from new. The COVID-19 pandemic is highlighting how necessary these solutions are for consumers’ banking needs, however, and how high their standards for these channels have become. Mobile deposits have also increased, according to the CU.

article thumbnail

Seed Says Banks Fail Small Businesses On Mobile, Cash Management Solutions

PYMNTS

18), Seed revealed news that it is rolling out small business banking solutions and released the results of a survey of 423 small businesses in the U.S. that found more than half don’t have access to “an intuitive, simple mobile banking app.” Sixty-five percent said their banks don’t offer phone or in-app messaging support.

article thumbnail

Baby Steps In Digital B2B Payments

PYMNTS

Offerings from FIs, like mobile banking and electronic payment support, can help encourage businesses to make the shift to ePayments, the executive said, but legacy payment technologies also need to be addressed. Mobile banking has especially evolved along this pattern. “In It takes gradual change.

B2B 41