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. District Court in Marshall, Texas, accuses Wells Fargo of infringing on four of its mobile remote deposit capture patents.

RDC 46
article thumbnail

DadeSystems: Time To Replace Outdated RDC

PYMNTS

Legacy systems can be a problem across the board in the payments industry, and corporate deposits are no different. Many of the remote deposit capture (RDC) systems in place today have been around for 15 years or longer. The RDC station only solved the first part of that problem.

RDC 46
article thumbnail

72 percent of mobile banking frauds include remote deposit capture

The Paypers

(The Paypers) Analysis conducted by Guardian Analytics has found that of all fraud cases involving mobile banking apps, 72% included remote deposit capture (RDC).

article thumbnail

Why The Time Is Right For Banks To Offer Integrated Receivables

PYMNTS

For receivables, Berdan noted that larger banks have done well with lockboxes as have smaller banks have with remote deposit capture (RDC). Beyond larger institutions, smaller banks can enter the market by using newer capabilities with Remote Deposit Capture (RDC).

article thumbnail

Could A Bank-On-Bank Patent War Be Looming?

PYMNTS

A recently filed federal lawsuit over remote deposit capture technology (RDC) could signal the start of a wider patent-infringement struggle among banks, according to experts. USAA operates only four branches, using scanner- and smartphone-based RDC to serve a global base of customers.

article thumbnail

Unlocking Paper Checks’ Potential With APIs

PYMNTS

One of the largest technological developments that impacts check is remote deposit capture. 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.

RDC 77
article thumbnail

Live Oak Bancshares integrates Ensenta's API for mobile banking

The Paypers

(The Paypers) Ensenta has announced that Live Oak Bank has integrated its Multi-Check API to offer multi-check remote deposit capture (RDC) to its small business customers.