Bankers for years have operated under the assumption that “if you build it they will come.” ATMs are one example; credit cards are another. ATMs didn’t gain any significant traction until banks started networking the machines, in the early 1980s. As for credit cards, even though… Read more

Fast service has become a staple of American life. We’re accustomed to fast in-and-out foods, prescriptions, car washes, and, of course, fast cash access via ATMs. So why not fast in and out check deposit? That’s the thinking behind the unveiling of “Ingo – the Good Funds… Read more

As the ranks of young Americans, driven by economic forces, shun banks and credit unions in favor of alternative financial services providers (like check cashing and prepaid card programs), they create a deep impact on the existing financial services marketplace. If finanial institutions fail to… Read more

Although Americans may be writing fewer checks today than they were 10 years ago, checks are not about to go the way of dinosaurs. In fact, we still write checks totaling $26 trillion a year, according to the Federal Reserve Bank of Atlanta. For financial institutions this has meant finding ways… Read more

Are checks taking a back seat to prepaid debit cards? Maybe not in all circumstances but there’s an obvious trend away from checks and toward prepaid cards. The consulting firm Aite Group recently reports that the market for prepaid debit cards (including payroll cards) is growing… Read more

Credit unions are well known for their grassroots involvement. And last week executives and board members at credit unions from across the nation brought that activist spirit to Washington for the Credit Union National Association (CUNA’s) Government Affairs Conference (GAC). It was a… Read more

Call me sentimental, but it is after all Valentine’s Day, which has me thinking about sweet things. Sweet is a word that speaks volumes, and not just about food. So, here’s a sweet idea for shaking free of the winter doldrums and jumpstarting customer engagement: a mobile RDC… Read more

Depositing money into a financial institution should be simple. But for many Americans that simply isn’t the case. “Bankers hours,” inconvenient locations, and draconian fee structures are just a few of the things that have sent legions of Americans looking for alternatives to… Read more

Imagine a dealership where no one knows how to drive. It’s a ridiculous thought, of course. After all, how can someone sell a car without understanding the value proposition it offers? The same is true for RDC. For a financial institution to succeed in offering RDC products, it… Read more

Remote deposit capture is poised for significant growth in large part because of explosive growth in smart phone adoption. Indeed, smart phones have given RDC a cool factor that surpasses anything we’ve ever before seen in financial services; even ATMs. Yet, despite many banks offering RDC… Read more

Remote deposit capture is the hottest new twist to banking since the introduction of ATMs. With some of the largest banks in the country now onboard with mobile RDC – stoking consumer interest and giving it a cool factor – RDC generally and mobile RDC in particular are fast becoming… Read more

Now that the Thanksgiving holiday is behind us, and our year-end rituals kick in (like shopping and budgeting), it seems a good time for reflection and planning. Not just as individuals; reflection and planning is critical to business success, too. This is especially the case as generational… Read more

I recently had the honor and pleasure of presenting at the McKinsey & Co. payments symposium. This is an event that regularly draws senior level executives from the largest banks in the country. Bankers in attendance were eager to learn about mobile RDC. Not that they were in the dark… Read more

Last week in Las Vegas the odds were favorable for emerging payments and other financial services, as anyone with a stake in the future of money was there attending the Money2020 Expo. This sold-out event – the first of its kind – attracted innovators in retailing and communications… Read more

It’s sounds incredible, but it’s true: in 21 st Century America more than one in four households is either unbanked or underbanked, according to the Federal Deposit Insurance Corporation’s (FDIC) latest national survey. In addition, the ranks of the unbanked and underbanked are… Read more

There was magic in the air in Orlando last week, and it wasn’t limited to Disney. As a lead sponsor of the RDC Summit we worked some magic, bringing to the stage a captivating and memorable performance by David Harris, a renowned corporate entertainer. David’s little sleight of hand… Read more

We read and hear a lot about Generation Y these days, and for good reason. Numbering an estimated 80 million, Gen Y is the fastest growing segment of the economy. In fact, VISA estimates that by 2030 Gen Y’s numbers will exceed the combined total of all other age groups. Allow me to… Read more

One key way banks can remain relevant in today’s economy is to reach and retain new, younger customers. This is no small challenge, as evidenced by the latest statistics from the FDIC. The FDIC’s just published 2011 National Survey of Unbanked and Underbanked Households reveals… Read more

As many of you know, Finovate Fall, the financial technology showcase, was held last week in New York City. Cachet was honored to be among the 63 companies that were chosen to demo their unique financial technology innovations. (For more information on our product, CheckReview™, read… Read more

Check fraud is a multi-billion dollar problem and a perpetual thorn in the sides of financial services providers and their clients. Yet as remote deposit capture technologies mature and take hold that paradigm has begun to shift. With state-of-the-art applications like CheckReview™, from… Read more