The Fed announced this morning that 99% of checks are now clearing electronically between banks. During a period of unremitting bank-bashing, let's take a moment to applaud a real home run by the bankers. The radical transformation of the check infrastructure,...
I think it’s fair to say that the success of remote deposit capture (which allows the recipient of a check to scan and deposit it electronically) took the payments industry somewhat by surprise. The early take on this offering seemed to be "hey, why not just change...
I took a slight detour en route home from Las Vegas (via Death Valley and Yosemite - spectacular!) and just finished writing up my observations. This year is the largest NACHA Payments conference to date (they get bigger and bigger each year) with nearly three...
Despite the wide popularity of check electrification (check conversion, image exchange) not all banks have made the investment in image check technology. Meanwhile, the Fed is accelerating its migration from paper check processing to electronic, starting in June...
[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Distributed Capture Panel Discussion Wally Vogel, President,...
[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Image Integrity—A Critical Component of Check Electronification Kerry...
[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Check 21 Update Speaker from the Federal Reserve was unavailable at...
[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Check 21 Road Map: One Bank's Journey Into the 21st CenturyJR...
[I am in Las Vegas for the TAWPI Payments in Transition conference – these are my notes from one of the sessions. An index of all of the sessions and links to the rest of my notes is here. - EMc] Distributed Capture: Trends, Opportunities & ChallengesDavid...
I am in Las Vegas for the fifth annual TAWPI Payments in Transition conference (with the largest attendance yet: approximately 140 billers, bankers and vendors). TAWPI - the Association for Work Process Improvement - is focused on payments automation, distributed...
