In the delivery of remote deposit capture services to large organizations, it’s suddenly a crowded field. It seems that everyone is depositing checks with their smartphones these days. This convenience for customers, who are saved a trip to the branch or ATM, is also a win for FIs — whichRead More
Post Tagged with: "mobile RDC"
PNC Bank is enjoying massive substantial growth in its non-branch deposit transactions. In its third quarter 2013 earnings report released today, PNC Bank disclosed that the bank’s out-of-branch deposit transaction volume grew 68% over last year. This growth in mobile/ATM deposits — the two are not broken out by the bankRead More
Bank of America has some fun with a video showing a college student using remote deposit capture (RDC) on his iPhone to deposit his check from grandma. (He tosses the card it came in, of course.) Nearly identical ads are on the bank’s YouTube channel showing the same operation on an iPadRead More
Bank of America reached 12.6 million mobile users in the first quarter of 2013, which is 30% higher than in the first quarter of 2012, CEO Brian Moynihan revealed in an earnings call today. The bank’s mobile users grew 5% over last quarter’s 12 million. In the first quarter of 2012,Read More
US Bancorp made good on its promise to be the first major bank to deliver mobile photo bill pay to its customers today. The initiative was announced in early December. The feature is available on updated iOS and Android apps released today. San Diego-based Mitek powers the solution and isRead More
Don’t bother listening in on US Bancorp’s fourth quarter 2012 earnings call if you want to learn about mobile banking adoption or the like. Today’s call centered on the bank’s decline in charge-offs and nonperforming assets and growth in loans and deposits. Even mortgage servicing fees were discussed in depth. TheRead More
Not long ago we reported on Mitek’s Mobile Photo Bill Pay solution, which allows users to pay bills using their smartphone cameras. Malauzai, a provider of mobile banking applications to financial institutions, has put this solution into action as a feature call PicturePay on iOS and Android phones. Malauzai currently offers it toRead More
After equipping branch bankers with tablets at about six of its branches, Huntington Bancshare Inc plans to expand its pilot effort to additional locations as a result of the positive feedback the bank has received to date.
Despite the worsening legal battle between Mitek Systems Inc. and USAA of technology rights this week, Mitek continues to press hard to sell its remote deposit capture product to banks.