Regional banks that cede rich opportunities to big banks and FinTechs can still grab a piece of the payments pie. Here’s how.
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.
Best practices for mobile remote deposit capture include integrating into existing mobile systems, prequalification of customers and social media-based marketing.
Whether they fly solo or with partners, financial institutions need to begin placing their bets in the mobile wallet game.
Mobile wallets can provide a big win for banks if they base their offerings on the key principles of utility, partnerships and the customer relationship.
For an enthusiastic but still-small segment of customers, mobile check deposit is a winning innovation.