Sunday , October 22, 2017

Remote Deposit Capture

Mobile Remote Capture Provider Digiliti Rejects Urban FT’s $10.5 Million Bid

Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks, has rejected Urban FT Inc.’s offer to save the company from potential bankruptcy, Urban FT announced Tuesday. Earlier in August, Digiliti said was considering “strategic options” that included a sale of the company or a Chapter …

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Rescue Bid From Digital-Payments Tech Firm Gives a Big Lift to Digiliti’s Stock

Digital-banking platform developer Urban FT Inc. disclosed early Wednesday that it has made a “compelling offer” for financially troubled Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks. News of the all-cash offer, whose size wasn’t disclosed, sent Digiliti’s beaten-down stock soaring on the Nasdaq …

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Remote-Capture Tech Provider Digiliti Might Restate Financials, Considers Bankruptcy

The news just keeps getting worse for Digiliti Money Group Inc., a small fintech company that provides remote deposit capture software and services for banks and credit unions. On Monday, Digiliti said it is considering “strategic options” that include a sale of the company or a Chapter 11 bankruptcy filing. …

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USAA Solicits Other Financial Institutions To License its Remote Deposit Capture Technology Patent Rights

USAA, a pioneer in developing remote deposit capture, said it is “inviting” banks and credit unions to license the patent rights to its RDC technology, for which the financial-services giant holds approximately 50 patents. Launched in 2006 as a way to enable USAA’s customers, many of whom are in the …

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Remote Deposit Capture Provider Cachet Financial Solutions Seeks Equity and a New Name

Cachet Financial Solutions Inc., a small tech company best known for providing remote deposit capture services to banks and credit unions, is trying to raise nearly $14 million in new equity to shore up its finances while pivoting toward prepaid cards and facing a legal deadline to rebrand. In a …

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Banks’ Online and Mobile-Based Payment Services Still Have Long Growth Runways, Study Finds

By Jim Daly@DTPaymentNews Web- and mobile-based banking and payment services still have large room for growth, although online bill payment seems to have hit an adoption ceiling, according to a new survey of banks’ usage of software-based services for consumers. Chicago-based investment firm First Analysis Securities Corp. interviewed executives from …

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Benefits and Risks of Remote Deposit Capture and other Digital Transactions News briefs

• PayPal Holdings Inc. plans to cease operations in Turkey in the next week because financial regulators there rejected its license applications, apparently because it does not keep its IT systems in Turkey, Fortune reported. • Some 88% of 400 respondents to a RemoteDepositCapture.com poll about risk said the benefits …

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Mitek’s Billion Deposits and other Digital Transactions News briefs

• Imaging applications developer Mitek Systems Inc. said its Mobile Deposit service has processed more than 1 billion check deposits; more than 5,000 U.S. financial institutions and 70 million of their customers use Mobile Deposit. • Payments company Zooz closed on $24 million in funding that it will use for growth, …

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UL Test Suite Approval And Other Digital Transactions News Briefs

· Technology-testing provider UL says its cloud-based payments test suite has been approved by MasterCard Inc. It is used to test MasterCard mobile-payment applications. UL also says it now supports a new type approval program for mobile devices against an EMVCo standard. · TD Bank Merchant Solutions will offer small …

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Visa Checkout Button Updated and other Digital Transactions News briefs

• Visa Inc. unveiled a new interactive button for its Visa Checkout online and mobile commerce service that allows shoppers to complete an online purchase by sliding a virtual image of their credit, debit or prepaid card across the screen of a smart phone, tablet, or laptop. • Visa will have its …

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