Post Tagged with: "mobile deposits"

Bank of America Chief Executive Officer Brian Moynihan
Courtesy: Bank of America

BofA’s Moynihan Lets Slip That Processing Costs Are 90% Lower via Mobile

by October 15, 2015 at 9:58 am 0 comments

So now we know. Brian Moynihan, the chairman and chief executive of Bank of America, disclosed yesterday the rate of savings the megabank is getting from its customers shifting to mobile banking for services: 90%. Indeed, Moynihan said on an investor call yesterday that mobile “is one-tenth the cost relative toRead More

Mobile Share of Bank of America’s Deposits Climbs 3x

Mobile Share of Bank of America’s Deposits Climbs 3x

by January 15, 2015 at 10:18 am 1 comment

Bank of America Corp. released numbers on its mobile deposits and they are impressive. The key figure: 12% of all deposits at the nation’s second-largest bank are now transacted on mobile devices. Last quarter, the bank noted 10% of its deposits were mobile, so this number has grown 20% inRead More

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

Debate Heats Up Over Charging Consumers for RDC

Debate Heats Up Over Charging Consumers for RDC

by April 11, 2013 at 12:15 pm 2 comments

Regions Bank made headlines last week when it announced it was introducing mobile remote deposit capture (RDC) for a — gasp! — fee. US Bank has offered the service for $0.50 per deposit for two years now. Last month, PNC Bank President William Demchak said the bank was considering chargingRead 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