Check Processing

BMO announces that it’s making the leap to quantum computing Quantum computing has been recognized as one of banking’s ten most important tech trends “We are in quantum because we do believe that it holds transformational potential.” According to a recent post at PYMNTS.com, BMO Financial Group, one of the largest banks in North America,…

Today’s digital landscape demands advanced tech for bank customers Data is now a tool for elevated customer service Banks using “data as a customer service tool” have seen revenue increase We’ve made this important point in many earlier posts and news items we’ve shared: In today’s digital landscape, banks must leverage advanced technologies to meet…

President Trump Announced “U.S. Crypto Reserve” via his Truth Social platform Ondo Finance unveils “suite of infrastructure products designed to bring capital markets onchain” SWIFT Network adopts Hedera Tech Earlier this week, President Trump made an announcement Via his Truth Social media platform that has sent ripples through the payments industry. It is his intention to…

The Trump administration has shut down the Consumer Financial Protection Bureau (CFPB) The freeze of the CFPB makes enforcement unclear There are several reasons why financial institutions should continue their open banking efforts As the new administration continues to make its adjustments, one major change that is affecting the banking industry is the halting of…

Is Elon Musk’s DOGE targeting checks? Some cite Musk’s desire to get involved in payments Many persons would be “left in the lurch” if checks were eliminated In a recent post from Department of Government Efficiency (DOGE), the Elon Musk-led advisory group proposes another drastic change — this time, eliminating paper checks. A post on……

Banking innovations are appearing quickly A flexible, modular core banking system is recommended Ecosystems and third-party integrations are vital It’s no secret to anyone involved in the banking industry that innovations are appearing very quickly – keeping up is a real challenge! However, given society’s growing on-demand expectations and need for speed, “keeping up” is…

Are checks really “dying”? Some large retailers have stopped taking personal checks Checks are still a useful tool, the article admits A recent Fortune article got right to the point in its title: Paper checks are dying. Here’s what you should use instead. Indeed, the article paints a bleak picture for the future of paper…