Cheque imaging

165 articles tagged with this keyword

/Cheque imaging

French banks called upon to halve cheque processing volumes

The French banking industry has been called upon to make a bigger investment in electronic payment methods, under proposals to halve the number of cheques processed in the next five years.

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Cheque forgers move into 21st century with phishing and malware

Crooks are using personal details stolen through sophisticated phishing and malware attacks to carry out old-fashioned cheque forgery, says security outfit Trusteer.

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USAA alleges that Mitek ripped off its remote deposit capture technology

Online army bank USAA has filed suit against cheque imaging outfit Mitek, alleging that the vendor stole its trade secrets and technology when developing its remote mobile deposit capture system.

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Citi launches Kindle Fire app

US giant Citi has unveiled what it claims is the first banking app designed specifically for Amazon's Kindle Fire tablet.

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US Bank settles cheque imaging patent case

US Bank has settled a patent infringement lawsuit relating to cheque processing technology with DataTreasury.

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Payments start-up Zipmark raises $2m

New York-based mobile and online payments start-up Zipmark has raised $2 million in a seed funding round led by Village Ventures and Contour Venture Partners.

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New Zealand considers the future of paper cheques

The New Zealand banking industry is to begin a wide-ranging consultation on the future of paper cheques in the country.

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Americans want remote deposit capture - Javelin

Around a quarter of Americans want to be able to bypass branches and ATMs and use their mobile phones to deposit cheques, according to a report from Javelin Strategy & Research.

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PayPal brings cheque deposit feature to Android app

PayPal has updated its Android app, enabling US customers to transfer cheques to their accounts by taking a photo with their handset.

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Mitek benefits from mobile deposit boom; raises $15 million on record earnings

The popularity of mobile deposit technology among US banks and consumers has proven a boon for Mitek Systems, which has raised $15 million through a share sale after reporting record revenues and earnings.

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HSBC pays $5.5m to settle LML patent case

Banking giant HSBC has agreed to pay $5.5 million to settle a patent infringement case with payment processing outfit LML Payment Systems.

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Banco Sabadell introduces mobile cheque deposit

In a European first, Spain's Banco Sabadell has added remote deposit cheque capture functionality to its mobile platforms.

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US Treasury to switch off cheque payments

The US Treasury is to switch off cheque payments to all citizens currently receiving federal benefit and non-tax payments by the end of the first quarter 2013, with new benefit recipients forcibly moved to electronic direct deposits from May 2011.

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Americans ditching cheques for electronic payments

Americans are increasingly turning their backs on cheques in favour of electronic payment methods, particularly debit cards, according to a study from the Federal Reserve.

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Payments Council floats paper-based alternative to cheques

The UK Payments Council says it is working with banks to develop an alternative paper-based payment method as part of a commitment not to leave customer "high and dry" when the cheque clearing scheme is finally abolished.

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Judge doubles US Bank cheque imaging patent infringement award

A federal judge has doubled the damages US Bank must pay DataTreasury for cheque processing technology patent infringements to around $54 million.

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French banks fined EUR345m for cheque fee price fixing

France's competition watchdog has fined 11 banks a total of EUR344.9 million for colluding to charge customers "unjustified" interbank fees during the switch-over to a new digital cheque processing system.

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Massive cheque counterfeiting botnet ring uncovered

Security outfit SecureWorks has uncovered a sophisticated cheque counterfeiting operation that deploys a network of botnets, malware and moneymules to steal, print and cash millions of dollars worth of bogus cheques.

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Ireland prepares for payments overhaul

The Irish government has agreed to the creation of a high level group that will establish a National Payments Implementation Plan (NPIP) designed to wean the country off its dependence on paper-based cash and cheques.

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Chase adds cheque deposit and P2P payments to iPhone app

US bank Chase has updated its iPhone app, adding remote cheque deposit and person-to-person payment features.