Retail Banking

Kill the Check? "Kill the Check!" Says electronic payment advocate…

By jgregory / April 19, 2016 / 0 Comments

“Just because checks have existed since at least 13th century Venice and 19 billion of them were used to pay people and businesses in the U.S. last year doesn’t mean that we should keep them alive. We, as a country, somehow mustered up the courage to move past the horse-and-buggy and 8-track tapes – I think we can dig deep and find it within ourselves as a payments ecosystem to kill the check.”

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The Paper Check is Dead; Long Live the Paper Check

By jgregory / April 12, 2016 / 0 Comments

Snapcheck founder Ken Kruszka describes describes the continuing popularity of the paper check as “ludicrous,” but contends that they have their advantages.

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2015 Top 5 Payment Trends Are Actually Happening …

By jgregory / March 24, 2016 / 0 Comments

What were the top five payment trends according to BAI’s 2015 Payments Connect Publication?

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The Growing Value Proposition Around Mobile Deposit

By jgregory / March 17, 2016 / 0 Comments

Our friends at RemoteDepositCapture.com completed a new poll on mobile RDC and found that among those participating in their survey, 28% put the value of mobile remote deposit capture (mRDC) at up to $1.00 per transaction, and just 3% said using mRDC is of no value to them.

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Remote Deposit Capture Leveraged to Address the "Underserved"

By orbograph / March 15, 2016 / 0 Comments

Fifth Third Bancorporation is deploying Remote Deposit Capture to attract new customers from the ranks of un- and underbanked Americans, collectively known as financially underserved.

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The Readability Challenge: New Software Breakthroughs Virtually Eliminate Exceptions

By orbograph / March 7, 2016 / 0 Comments

One of the biggest hurdles in maintaining self-serve devices — ATMs, Remote Deposit Capture (RDC), and kiosks, to name a few — is ensuring that any negotiable item is converted and deposited correctly. Money orders are often the worst offenders, but there are still many checks with poor dropout features. Additionally, low-end scanners are more prone to poor images and MICR rejects due to cheaper imaging components.

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Stay on Target: Spider-Man and the Omnichannel

By jgregory / February 11, 2016 / 0 Comments

We’ve been talking about the Omnichannel quite a bit, both in the OrboNation blogs and around the Orbograph offices. It’s an important topic for financial institutions and retailers alike.

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Omni-Channel Strategies Demand Cross-Channel Consistency

By orbograph / February 8, 2016 / 0 Comments

During the Omni-Channel Capture: An Evolving Strategic Direction webinar recorded live at the RDC Summit 2015 (free for RemoteDepositCapture members here), the panelists agreed that Omni-channel delivery strategies, pioneered by hospitality and retailing companies, are becoming absolutely vital for financial services.

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Embracing the OMNICHANNEL: Banks Break Free From Legacy Systems

By orbograph / February 4, 2016 / 0 Comments

Before “Multi-channel” become Omnichannel, the goal was to provide multiple ways to interact with a bank and your accounts. For quite a while, the ability to check balances and make deposits by any means other than walking into a bank lobby – using a web site, ATM machine, smart phone, etc. – was novelty enough.…

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ECCHO Continues Strong Leadership, Reaches 25th Anniversary Milestone

By jgregory / March 26, 2015 / 0 Comments

In an era where “checks were away”, who would believe there are still 18B per year remaining. Luckily for financial institutions and the payments industry, we have an organization who providers leadership around checks; instituting rules which facilitate better, faster and more fair payments!  Thank you ECCHO. The list of accomplishments is impressive.  Check out…

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