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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 remotedepositcapture patents.
Legacy systems can be a problem across the board in the payments industry, and corporate deposits are no different. Many of the remotedepositcapture (RDC) systems in place today have been around for 15 years or longer. The RDC station only solved the first part of that problem.
One of the largest technological developments that impacts check is remotedepositcapture. 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.
(The Paypers) Analysis conducted by Guardian Analytics has found that of all fraud cases involving mobile banking apps, 72% included remotedepositcapture (RDC).
For receivables, Berdan noted that larger banks have done well with lockboxes as have smaller banks have with remotedepositcapture (RDC). Beyond larger institutions, smaller banks can enter the market by using newer capabilities with RemoteDepositCapture (RDC).
A recently filed federal lawsuit over remotedepositcapture 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.
(The Paypers) Ensenta has announced that Live Oak Bank has integrated its Multi-Check API to offer multi-check remotedepositcapture (RDC) to its small business customers.
Earlier this month, the company announced a buyback program to help financial institutions (FIs) trade in their broken RemoteDepositCapture (RDC) tools for an upgrade. Superior Press , a treasury management solution provider for commercial banks, is acting on that need.
In a recent interview with PYMNTS’ Karen Webster, Urban FT CEO Richard Steggall gave some insights into the rationale behind the proposed acquisition, saying DGLT has “attained some good clients with their [RemoteDepositCapture] RDC Service, their Prepaid Program Management Services and their white label mobile applications.
With MOX Pay from Malauzai Software , community banks and credit unions will be able to offer their business customers apps that will enable them to accept payments via remotedepositcapture (RDC). The post MOX Pay from Malauzai is First with RDC as Payment Option appeared first on Finovate.
RemoteDepositCapture (RDC) RemoteDepositCapture with Biller Genie , also known as RDC, is a digital overhaul of your businesss check processing workflow. You can scan and deposit checks electronically from your office using a secure check reader.
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