Cheque imaging

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/Cheque imaging

Canada's D+H agrees $1.25bn Fundtech acquisition

Canadian financial technology firm D+H is to buy transaction banking vendor Fundtech for $1.25 billion in cash, subject to regulatory approvals.

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US mobile banking on the rise - Fed study

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

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Lloyds to pilot mobile cheque deposits with business customers

Lloyds Bank is to begin testing mobile cheque deposits with a select group of commercial customers.

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Barclays extends cheque imaging pilot to one million customers

Ahead of Christmas, Barclays is giving one million customers the ability to pay in cheques remotely by taking photographs with their phones.

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USAA and Mitek settle cheque imaging lawsuit

Online army bank USAA and mobile cheque imaging outfit Mitek Systems have settled a lawsuit that has been running since 2012.

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UK govt clears way for mobile cheque deposits

The UK government is pushing ahead with legislation that will see Brits able to pay in cheques remotely by taking photographs with their phones.

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Mobile cheque deposits in Canada pass one million on first anniversary

Canadian consumers have used their mobile phones to deposit over a million paper cheques in the year since the technology was first introduced by the nation's banks.

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Americans switch from cheques to cards - Fed

Card payments have soared in popularity in the US over the last 10 years and now account for more than two thirds of all non-cash payments, according to Federal Reserve figures.

/Cheque imaging

US firms deposit $1bn through Wells Fargo app

American businesses have deposited more than $1 billion through Wells Fargo's mobile app since its launch in late 2011.

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Wausau uses location awareness tech to fight remote deposit fraud

Wausau Financial Systems has added location awareness technology to its remote deposit capture (RDC) suite to help banks sniff out suspect activity.

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TD rolls out green envelope-free ATMs

TD Canada Trust has unveiled 'green' ATMs which let users make envelope-free deposits and view scanned cheque images and itemised cash on their receipts.

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Moven gears up for launch

Having ditched the 'bank' from its name, US mobile-centric financial services provider Moven is gearing up for a closed beta launch at the end of February.

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Fed preps study on US non-cash payments usage

The US Federal Reserve is set to embark on a major study into the volume and composition of electronic and cheque payments as it bids to gain insight into a rapidly evolving landscape.

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Know-your-customer, don't lose your customer: Atlanta Fed warns on RDC risks

The biggest risk facing financial institutions in remote deposit capture may be in losing customers if they fail to offer the product, concludes the Federal Reserve Bank of Atlanta following a year-long examination of the technology.

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US banks walk away from struggling BlackBerry

American banks are ditching planned BlackBerry apps as the Canadian brand's market share tumbles in the face of Apple's iPhone and Google's Android, according to Keynote Systems.

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Mitek ups the ante in legal battle with USAA

Mobile cheque imaging outfit Mitek has raised the stakes in its ongoing legal battle with online army bank USAA to include claims for defamation and unfair business practices.

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Australia backs away from abolishing cheques

The Australian Payments Clearing Association (Apca) says it sees no need to close the country's cheque clearing system, following a year-long consultation with payment stakeholders.

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French banks called upon to halve cheque processing volumes

The French banking industry has been called upon to make a bigger investment in electronic payment methods, under proposals to halve the number of cheques processed in the next five years.

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Cheque forgers move into 21st century with phishing and malware

Crooks are using personal details stolen through sophisticated phishing and malware attacks to carry out old-fashioned cheque forgery, says security outfit Trusteer.

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USAA alleges that Mitek ripped off its remote deposit capture technology

Online army bank USAA has filed suit against cheque imaging outfit Mitek, alleging that the vendor stole its trade secrets and technology when developing its remote mobile deposit capture system.