We blogged a couple of months ago with some updates on recent patent litigation between USAA and Wells Fargo, and now there are new developments in this ongoing litigation as well as a related lawsuit [...]
In late 2017/early 2018, NAFCU began hearing from multiple credit unions that had received letters from a firm called Epicenter Law which alleged the credit union’s remote deposit capture (RDC) technology infringed on [...]
In recent weeks, NAFCU has heard from multiple credit unions who have received letters from a firm alleging that the credit union's remote deposit capture function infringes on USAA's patents in this area. As widely [...]
With changes in the technology landscape where should credit unions focus their budgets during 2017 and beyond? Technologies such as mobile banking have become increasingly visible, but bricks-and-mortar locations continue to be a strategy for [...]
My project focuses on the opening of new branches that use Interactive Teller Machines and the conversion of existing branches to this ITM technology to take the place of a traditional teller line. In 2013, [...]
Intuitively, we know delivering the services members want can convert your relationships into better financial performance. But now there’s proof: Investing in the right technology means higher returns. Callahan & Associates’ 2015 analysis [...]
Since the Check 21 Act was passed in 2004, financial institutions (FIs) of all sizes have been implementing remote deposit capture (RDC) and mobile remote deposit capture (mRDC). RDC is a system that allows a [...]
Today’s mobile-first consumers expect their financial institution to be accessible wherever and whenever they want. In fact, Javelin predicts that 81% of U.S. adults will use mobile banking by 2020. With more consumers [...]
Admit it. The typical mobile banking app is rather boring. I mean seriously, there is not much to it. The user fires it up, goes in, checks a balance, moves some money, pays a bill [...]
For many credit unions, autumn brings offsite planning sessions designed to dream, design, and determine strategic plans for a given credit union’s future over the next several years. Strategic planning sessions are also a [...]
Branch networks have long been an enigma for financial institutions (FIs). They are the most public manifestation of your brand and they are still where most customer relationships start and expand. On the other hand, [...]
The staid checking account has come a long way in just the past few years. Remote deposit capture, mobile banking, social payments, prepaid debit cards and other new products are transforming how consumers use their [...]
As check usage declines, mobile RDC is becoming the preferred deposit method for a growing number of credit union members (and bank customers). Financial analyst firm Celent expects RDC to account for a third of [...]
Consider the fact that building a new credit union branch costs on average between $700,000 - $2 million, in addition to the $250,000 - $500,000+ required for maintaining the branch and staff [...]
by. Robert McGarvey It is time for something better. It is time for Mobile Banking 2.0. That is a thought that is bubbling throughout the mobile banking community and the plain fact is – excepting [...]
