Emerging payment technologies will gain ground in 2017. Some represent competition and risk for banks, but others may help them get in on the action.
Direct Insite won the Payments Innovation Track award at BAI Payments Connect 2015 for developing a product that helps banks trim their accounts receivable costs.
Real-time payments are feasible in the U.S. based on lessons learned in the U.K., according to BAI Payments Connect 2015 speaker Ann Caple.
Lessons learned while introducing remote deposit capture (RDC) services can help bankers handle the auditing requirements for mobile RDC.
Bankers may dismiss digital currencies like Bitcoin as a serious challenge, but what if this is the disruptive threat that goes mainstream?
In today’s inverted world of bank accounts, consumers can earn higher yields on online checking accounts than on savings or business accounts.
Since banks’ mobile remote deposit capture is usually a zero revenue service, banks need to improve their efforts to reduce operational costs.
Best practices for mobile remote deposit capture include integrating into existing mobile systems, prequalification of customers and social media-based marketing.