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USAA Sues Wells Fargo Over RDC Technology

PYMNTS

District Court in Marshall, Texas, accuses Wells Fargo of infringing on four of its mobile remote deposit capture patents. To serve everyone, the company launched a scanner-based remote deposit capture (RDC) service in 2006. Later, it released remote capture services for smartphones.

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BECU On Why It Pays To Think Like A Challenger Bank

PYMNTS

One recent report from the entity found there was a 200 percent increase in consumers signing up for mobile banking accounts in the month of April, for example. Mobile deposits have also increased, according to the CU.

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Ariba Network Adds Mobile Check Deposit Support

PYMNTS

The solution will use Mitek’s MiSnap Multi-Check Capture and Mobile Deposit applications, the firm said. A business-specific mobile deposit solution allows organizations to use their preferred payment method,” he stated.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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A Reality Check For B2B Payments

PYMNTS

Payment processing firm iStream first launched more than a decade ago to provide its Remote Deposit Capture technology for companies that need to collect payments in the field in the form of checks. Reality, of course, is far from this utopia.

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DataVisor and Mitek Team Up to Help Financial Institutions Fight Check Fraud

Finovate

Additionally, the combination of Mitek’s check image analysis and DataVisor’s analysis of check and customer lifecycle data will enable users to detect a wide variety of check fraud tactics including check kiting, remote deposit capture fraud, check washing, counterfeit checks, and identity theft. Today, 99% of U.S.

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Fintech Fundings: 35 Companies Raise $470 Million the Third Week of June

Fintech Labs Insights

Remote deposit capture. NFC-based mobile payments. Tags: Institutions, B2B2C, mobile, deposit, checking accounts, Finovate alum. Source: Crunchbase. Cachet Financial Solutions. Latest round: $2.55 million Convertible Note. Total raised: $26.86 HQ: Minneapolis, Minnesota. Source: Crunchbase. CardsMobile.

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