Post Tagged with: "checks"

Bank of America Updates App with Check Order Options

Bank of America Updates App with Check Order Options

by May 4, 2016 at 1:13 pm 1 comment

It seems that banks have been busy updating their mobile apps with check features in the past week, despite the fact that checks have been declining in popularity in recent years. Bank of America now allows customers to order checks through its mobile app, “thanks to all the great feedback and featureRead More

Amex ‘Significantly’ Overhauling Mobile Check Deposit

Amex ‘Significantly’ Overhauling Mobile Check Deposit

by June 9, 2015 at 3:35 pm 0 comments

AUSTIN, Texas — American Express is overhauling its mobile check deposit for some of its accounts, an executive disclosed today. In an offhand comment during a presentation at the Digital Banking Summit here today, Stefan Happ, chief commercial officer, enterprise growth at Amex, revealed that the card company was “in theRead More

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

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

VIDEO: Local News Story Highlights Mobile Deposit Anxiety

by August 26, 2014 at 11:28 am 1 comment

A recent report from Mitek and RemoteDepositCapture.com found that 80% of banks experienced no losses from remote deposite capture. But fears over remote deposit capture remain among consumers

Bank of America Added 3 Million Mobile Customers, Dropped 300 Branches This Year

by December 10, 2013 at 5:49 pm 0 comments

Bank of America is more mobile than ever. BofA CEO Brian Moynihan, speaking at the 2013 Goldman Sachs Financial Services Conference in New York today, laid out some specific numbers that give a window into technology initiatives at the bank, and they are making the bank more mobile. The bank is seeingRead More

‘Electronic Checks’ Give Paper Payments New Life

‘Electronic Checks’ Give Paper Payments New Life

by September 16, 2013 at 10:22 am 0 comments

The check is not dead. Far from it, in fact. The venerable little slip of paper has been given new life, ironically, by remote deposit capture, which has simultaneously taken foot traffic away from bank branches. A new digital innovation from Deluxe and VerifyValid promises to keep the check aliveRead More

P2P Payments Take Aim at Checks, Not Cash

P2P Payments Take Aim at Checks, Not Cash

by February 22, 2013 at 10:42 am 0 comments

With so many new person-to-person payments services, will we soon be able to leave those dirty, wrinkled dollar bills behind and skip the bothersome trips to the ATM? Probably not. Instead, P2P seems to be angling to tear up your paper checks. ProfitStars, a Jack Henry company, announced that itsRead More

Pageonce Takes Payments ‘Hyperlocal’

Pageonce Takes Payments ‘Hyperlocal’

by February 14, 2013 at 11:49 am 3 comments

When was the last time you wrote a check? What, just yesterday? Personal finance and payments company Pageonce wants to make sure you never have to write one again. “The last refuge of the check is the ‘hyperlocal’ — your rent, your gardener, pre-school, your kid’s soccer league,” said PageonceRead More

Mitek to Take Aim at Remote Deposit Dollar Limits

Mitek to Take Aim at Remote Deposit Dollar Limits

by January 16, 2013 at 12:02 pm 3 comments

Citibank won’t take a remote deposit of a check of more than $500. At PNC Bank the maximum is $2,500. Chase’s limit is $2,000. These limits do not sit well with Mitek Systems Inc., which is the main purveyor of remote deposit capture and aims to expand adoption of RDC.Read More

Bye Bye Checking (and Current) Account

Bye Bye Checking (and Current) Account

by May 29, 2012 at 10:08 am 0 comments

I’ve been recently debating with bankers and credit union executives on the core banking proposition they offer to new prospects. One of the realizations that led me to this was some recent research released by Aite Group around the ‘debank…