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What were the top five payment trends according to BAI’s 2015 Payments Connect Publication?
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.
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.
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.
The vision of P2P payments is like a dream for mobile app vendors and bank executives who love digital payments. Let’s say you want to give or pay money to a friend, relative, or even small business. I recently went through this exercise several times.
And guess what? To my surprise, the best option was still a check!
ATM technology is responding to the fact that, in spite of consumers’ embrace of plastic, there is still a lot of love for cash (Chase plans to respond to the desire for cash access by introducing check-cashing ATMs in late 2016.). Checks are still getting some luvin’ as well!
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.
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.
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.…
The OrboNation Blog is back! Why the slight “vacation,” you ask? Well, we’ve been busy with new staffing (James Bi, our Marketing Coordinator has done a dynamite job on trade shows and campaigns), new product priorities (healthcare payments going wild), along with new check processing innovations (full release of OrboAnywhere), just to name a few. So,…