Check Processing

ATMs are becoming more and more popular As such, banks need to incorporate them into their strategy Physical and digital channels require cutting-edge protective technology As banking continues its digital transformation, ATMs are becoming increasingly vital to a bank’s overall strategy. The article “ATM-as-a-Service: Exploring the Value and Players of This Newest ‘X-as-a-Service’ Offering” from…

ATMs are a convenient way for many individuals to perform quick transaction — from withdrawing quick cash to depositing paper checks into their accounts. However, as many in the industry know, there are inherent risks when it comes to ATMs, including: Skimming Devices Expand Criminals sometimes attach hardware or overlays to card readers to capture…

The Federal Reserve’s has announced ’25 pricing for payment service Check pricing fees will rise marginally at approximately 10% across different services Checks will continue to play a major role in both volume and revenue In the ever-changing world of banking and finance, the Federal Reserve’s recent announcement of 2025 pricing for payment services highlights…

The Payments industry is anxious to see changes Trump will bring The CFPB may narrow its scope Will Trump address paper checks? The election of Donald Trump as President will have a significant impact on the payments industry, reports Payments Dive. His administration will have the opportunity to revamp federal government approaches to emerging payments…

Banks that do not evolve will likely fail Job One is to keep up with the currect digital transformation “Intelligent interactions” represent the future of banking Derek White, the CEO of Galileo, a fintech pioneer with over 20 years of experience modernizing financial services globally, recently contributed his thoughts via Forbes regarding how to “future-proof”…

Farmers have, by necessity, a unique relationship with paper checks They also wait days, if not weeks, for paper checks to clear End-user education is a crucial approach In a new blog post and video, PYMNTS points out that “the only thing bigger than the agriculture sector’s contribution to daily sustenance could be its reliance…

CFPB has finalized a transformative open banking rule under the Dodd-Frank Act The rule allows consumers to control their financial data and share it with third-party service providers Compliance will roll out in phases based on institution size As we noted previously, Open Banking is a hot topic for financial institutions. It allows consumers to share…

Paper checks have not disappeared There is an element of nostalgia in check usage Removing $1 trillion in checks is highly unlikely For those in the industry, the notion that checks are going away has all but dissipated. Mainstream media has recently tried to capitalize on the sentiment, but they continue to rely on high-level…