Remote Deposit Capture

USAA, the big insurance company and bank serving current and former military members and their families, filed a federal lawsuit Thursday accusing Wells Fargo Bank of infringing on four of its mobile remote deposit capture patents. The lawsuit, filed in U.S. District Court in Marshall, Texas, asks for unspecified damages. …

Mitek Systems Inc. announced Wednesday that it acquired Paris-based Artificial Intelligence and Image Analysis (A2iA), a developer of text-recognition and imaging software, for €42.5 million ($49.8 million) in cash and stock. The move bolsters San Diego-based Mitek’s already strong position in the remote deposit capture market and gives it access …

Cross-border payments provider Veem announced it now offers working capital to merchants through a deal with merchant-financier BlueVine. Payments provider Bluefin Payment Systems LLC said its services will be available to users of practice-management software from Rev360 that is designed for use in eye-care practices. Payments provider Century Business Solutions …

Banks and credit unions across the board are increasing deposit limits for mobile remote deposit capture transactions, and with the consumer remote-capture market mostly conquered, financial institutions are turning their attention to small businesses. Those are two highlights from RemoteDepositCapture.com’s 2017 study of the mobile-capture market. The Alpharetta, Ga.-based publishing …

Mobile remote deposit capture transactions jumped 35% in 2017 over the previous year thanks to an increase in users, a software firm specializing in digital-banking applications for community banks and credit unions reports. “For banks and credit unions live for all of 2017, mobile deposits grew by an average of …

Processor Jack Henry & Associates Inc. announced late Tuesday that it has a deal to acquire Ensenta Corp., a Redwood Shores, Calif.-based provider of remote deposit capture and payment and risk-control services. Founded in 2001, Ensenta provides more than 1,100 financial institutions and government agencies with software-as-a-service products distributed via …

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 …

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 …

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. …

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 …