article thumbnail

DadeSystems: Time To Replace Outdated RDC

PYMNTS

Many of the remote deposit capture (RDC) systems in place today have been around for 15 years or longer. Dave Wilson, Founder and Chief Architect at DadeSystems , says even if these RDC systems are still technically functional, they offer diminishing returns as the other systems they must interface with become increasingly advanced.

RDC 46
article thumbnail

USAA Sues Wells Fargo Over RDC Technology

PYMNTS

USAA , the insurance company and bank serving current and former military members and their families, filed a federal lawsuit against Wells Fargo Bank over its use of USAA’s RDC technology. To serve everyone, the company launched a scanner-based remote deposit capture (RDC) service in 2006.

RDC 46
article thumbnail

Unlocking Paper Checks’ Potential With APIs

PYMNTS

Today, Ballagh said, RDC technology has advanced to make the process of accepting a check even more seamless. Historically, businesses deployed RDC technology by integrating a desktop scanner into the workplace. As RDC technology progresses, it will continue to develop in the world of enterprise mobility, the executive said.

RDC 77
article thumbnail

Banks need to share more check fraud data

Payments Source

The shift from person-to-person deposits to digital options – including mobile, ATMs and RDC – has created new challenges to fraud prevention efforts.

RDC 64
article thumbnail

Cybersecurity Trends For 2024 With TransUnion, Forter, WatchGuard, Vouched, FIDO Alliance, Fusion

The Fintech Times

. “ Another phenomenon I expect will surge in 2024 is the usage of remote desktop control (RDC) to commit fraud. We’ve always seen RDC attacks, but they’ve popped up more regularly this year and I suspect it’s just the tip of the iceberg. When you think about it, it’s the high-tech version of social engineering.

article thumbnail

Alison Potter appointed as chair of FCA and PSR decision making committees

Finextra

The FCA and PSR boards have announced the appointment Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC).

RDC 52
article thumbnail

Rich Data Corp rouns out $37 million Series B with $9 million top up from Acorn Capital

Finextra

Rich Data Co (RDC), an industry leader in artificial intelligence (AI) decisioning for business and commercial lenders, has secured a $9 million investment from Acorn Capital, a firm specialising in emerging companies.

RDC 52