Articles by: Jeff Hempker

The Disappearing Check: How Long Until the End?

by May 7, 2015 at 7:46 am 4 comments

“The remaining lifetime of the check is directly related to the death rate among citizens over age 65.” That comment from one of our overseas partners sums up a common perception of check usage in America, and for that matter, anywhere else. Paper checks are going away — they’re anRead More

Baseball Cards or Gold Bullion? Why ‘Intrinsic Value’ Won’t Make or Break the Bitcoin Phenomenon

by July 1, 2014 at 11:58 am 0 comments

I was going through some old boxes in the garage the other day, when lo and behold, I came across a time capsule full of childhood memories: old action figures, Garbage Pail Kids, comic books and, of course, a hoard of thousands of old baseball cards. I’d long since comeRead More

Could a $20 Device Have Prevented the Target Breach?

by February 6, 2014 at 9:19 am 0 comments

The Target data breach was not the first mass theft of credit-card information to garner national attention, nor will it be the last. It definitely, however, represents the first time such a case has drawn such intense and widespread interest to the subject of POS encryption. As security experts pieceRead More

The Changing Face of Payments Fraud (Part 2)

by August 13, 2013 at 11:48 am 0 comments

This is the second part of our Q&A on payments fraud with Sean Trundy, co-founder of the document and currency security firm Fraud Fighter. In Part 1, we covered online card fraud, currency counterfeiting, and the evolution of fraud as new technology has become available. Click here to read theRead More

The Changing Face of Payments Fraud (Part 1)

by July 24, 2013 at 11:30 am 0 comments

In the past decade, financial fraud has changed more than it did over the entire previous century, and for that matter, perhaps more than it did over the entire history of banking. The Internet has opened the doors to countless new types of schemes, and the proliferation of computing and imaging technologyRead More

UWCU’s Mobile RDC Without a Mobile App a Step in the Right Direction

by June 19, 2013 at 8:26 am 1 comment

As reported earlier this month by NetBanker, the University of Wisconsin Credit Union just became one of the first — if not the first — financial institutions to offer smartphone-based remote deposit without a native mobile app. To use it, UWCW customers simply go to the credit union’s mobile WebRead More

Mobile RDC Fees: One for the Psychology Books?

by April 19, 2013 at 10:18 am 0 comments

Should mobile remote deposit capture (RDC) be free? That’s the question people are asking again after comments made this month by Regions Bank and PNC indicating that they respectively plan to charge for the service, or have at least considered doing so. This may not be the kind of thingRead More

Bluebird Upgrade: Trouble for Brick-and-Mortar Banks, or an Opportunity?

by April 2, 2013 at 9:28 am 2 comments

Last week, the banking industry raised an eyebrow as Bluebird rolled out a series of changes for its prepaid cardholders, including FDIC insurance, check writing, and a higher maximum balance of $100,000. The obvious (and probably correct) conclusion reached by many was that the American Express/Walmart backed operation was tryingRead More