While the U.S. market has been at the forefront of many innovations in banking and payments technology over the years, one area in which it has been conspicuously behind the curve in recent times has been the adoption of effective real-time payments solutions. More than 20 nations already have access to this technology, and some of these…
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If you build real-time payments in the U.S., will anyone notice? The complicated machinations that make payments happen behind the scenes seem like something the average American doesn’t know or think much about. But Louise Clynes, group vice president of money movement products and digital channel management at SunTrust Banks, one of the early adopters…
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Restrictive endorsements along with solutions that can identify those endorsements should top to-do list as financial institutions prepare for upcoming Reg CC amendments. Pending amendments to Federal Reserve Regulation CC should be prompting more financial institutions to rethink policies and customer agreements regarding remote deposit capture. Requiring restrictive endorsements, and implementing solutions capable of scanning…
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If you deposit checks through a mobile app, start adding this phrase You may have recently gotten a message from your bank that, yes, you should read and act upon. The message being sent by many banks involves a small, but crucial change involving check deposits made using banks’ mobile apps on smartphones and other…
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