Mitek Systems Inc., whose software allows users to create check images with their camera phones and then use the handsets to send the images to banks for deposit, signed its biggest processor to date this week for the six-month-old technology. Milwaukee-based Fiserv Inc. agreed to adopt Mitek's Mobile Deposit product …

A sweeping new report from a Canadian Senate committee recommends the federal government create a payment-system oversight board, ban percentage-based debit card interchange for three years, and permit merchants to surcharge for card transactions. Those are just some of the proposals in the report as Canada confronts many of the …

Banks aiming to improve customer service should accelerate their move away from old ATMs and the IBM operating system that ran them for years, according to conclusions in a new Aite Group LLC study of banks' ATM channels. While the transition from IBM Corp.'s old OS/2 operating system to Microsoft …

With near-field communication (NFC) technology seemingly on hold in North America, mobile-payments backers are turning to radio-frequency identification tags with adhesive backing that can be affixed to phones (Digital Transactions News, Oct. 15, 2008). These so-called stickers, offered by First Data Corp., Oberthur Technologies, and other companies, are widely seen …

Many banks are reflexively reissuing debit cards in the wake of a breach, possibly stopping fraud losses but sustaining huge reissuance costs and eroding customers' trust. That's according to survey research released this week. “[Breaches] occur all the time, and don't show any signs of going away,” says Paul Henninger, …

Yet another banking industry vendor, NCR Corp., is entering the consumer-capture marketplace. But as the field of providers gets more crowded, financial institutions are struggling to get a decent return on technology that enables consumers to make images of and deposit checks from their homes, according to an industry analyst. …

Independent sales organizations are in the cross hairs of at least one vendor of check-transaction processing software looking for ways to sign up more merchants for a product that lets businesses turn paper checks into images they can transmit electronically to their banks. Wausau Financial Systems Inc. this spring will …

Secure Vault Payments, the online payment system that NACHA has been piloting since last spring, is catching on as a bill-payment alternative among colleges and state agencies, says Kendall Myles, the executive who is heading up SVP merchant recruitment for NACHA, the regulatory body for the automated clearing house network. …

Seeking to expand its market for software and services that allow merchants to submit checks for electronic processing, Omaha, Neb.-based RemitPro Inc. is introducing what is says is the only offering that bundles a check scanner, remote deposit capture software, transaction service, and maintenance in one package for a single …

At a time of rising business failures and intense industry competition, United Bank Card Inc. says its new Harbortouch unit is producing what the big independent sales organization sought?enhanced merchant relationships and higher margins. In addition to card processing, Harbortouch offers small and mid-sized restaurants and retailers business-management hardware and …