82 articles tagged with this keyword
News/payments
Online military bank USAA has recorded another victory in its long-running effort to protect its remote deposit capture patents, reaching a licensing agreement with Discover Financial Services.
01 September 2023
Singapore will eliminate corporate cheques by the end of 2025 but let people use them for "a period" beyond this. To help ease the transition, an electronic system will be built to allow users to make a deferred payment or issue a cashiers’ order.
31 July 2023
The humble paper cheque may be on the verge of extinction in South Africa, as banks begin moves to phase out the age-old method of exchange in favour of cards and digital payment mechanisms.
30 September 2020
News/retail
A Texas jury has found that Wells Fargo wilfully infringed on remote deposit capture patents held by USAA, awarding the online military bank $200 million in damages.
07 November 2019
News/Cheque imaging
Digital challenger bank Monzo has abandoned efforts to join the UK's cheque image clearing system in order to focus instead on its business banking efforts.
25 March 2019
Deutsche Bank is to migrate its labour intensive cheque processing operations to a digital, cloud-based platform run by India's HCL technologies.
05 November 2018
The UK's New Payment System Operator has taken over the running of the Cheque and Credit Clearing Company Limited and acquired the assets of service provider UK Payments Administration.
02 July 2018
USAA has filed a federal lawsuit against Wells Fargo alleging patent infringement on its mobile remote deposit capture technology.
11 June 2018
San Diego-based digital identity and verification firm Mitek Systems has bought French AI and image analysis specialist A2iA for EUR42.5 million in cash and shares.
24 May 2018
Emirates NMD has integrated blockchain technology into issued cheques to reduce the risk of forgery and to minimise potential fraud.
16 April 2018
SaaS-based digital banking platform Urban FT has finally agreed a deal to buy remote deposit capture vendor Digiliti Money. Terms have not been disclosed.
02 February 2018
The UK is beginning the phased roll out an image-based cheque clearing system that will slash processing times from six 'weekdays' to one day and pave the way for the introduction of interbank mobile cheque deposits.
30 October 2017
The UK's new payment system operator has appointed former Nationwide Building Society exec Paul Horlock as chief executive, overseeing the consolidation of Bacs, the Cheque and Credit Clearing Company and the Faster Payments Scheme.
27 September 2017
Urban FT says that struggling remote deposit capture vendor Digiliti Money has turned down a takeover offer.
29 August 2017
VocaLink and BancTec have won the mandate to build and run the infrastructure for a new industry-wide image-based cheque clearing system in the UK.
30 March 2017
The UK is to roll out an image-based cheque clearing system in October that will slash processing times from six 'weekdays' to one day and pave the way for the introduction of interbank mobile cheque deposits.
22 March 2017
UK cheque processing firm Intelligent Processing Solutions Ltd (iPSL) is planning to close seven sites across the country resulting in approximately 600 job losses.
08 November 2016
IBM has won a tender to modernise the Federal Reserve's ACH platform, which processes up to 100 million transactions per day and half of all US payments.
14 January 2016
Despite the prevalence of cheques in the US, the vast majority of people still do not deposit them using their mobile phones, research from the American Bankers Association shows.
26 August 2015
Barclays is to roll out its mobile cheque imaging service to Android phones and iPad users, bringing the service within reach of one million more customers.
02 July 2015
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