Electronic Checks

A small technology company that has made a name for itself with its aggressive and successful litigation defending a pair of patents covering check imaging was dealt a setback late last week when the United States Patent and Trademark Office rejected all of the claims set out in those patents. …

Software maker Intuit Inc.'s pending acquisition of online-banking services provider Digital Insight Corp. is mostly a story about Intuit expanding its services and finding new markets for its popular QuickBooks, TurboTax, and Quicken financial-software programs. But, according to one analyst, remote deposit capture?and a processor that offers the service?could get …

Checks cleared as electronic images continue to account for an increasing share of all image-based check traffic, even as an industry group works to hammer out a new system to accelerate the conversion to all-electronic check processing. Indeed, The Image Payments Network, an image-exchange network operated by The Clearing House …

Check processor Solutran Inc. thinks it has found a way to make the new back-office conversion (BOC) e-check code more attractive to merchants: take the costly scanning process out the back office and outsource it. Plymouth, Minn.-based Solutran recently announced its SPIN service, for Solutran POS and Imaging Network. The …

A banking group that is exploring how to merge electronic image exchange with the automated clearing house network expects to distribute a survey on Tuesday to financial institutions seeking to find out what their plans are for image exchange and what barriers are slowing down their movement toward receiving and …

Looking to bolster its business with retailers, Atlanta-based CheckFree Corp. this week unveiled its CheckFreePay Link service aimed at helping stores draw more walk-in traffic by offering bill-payment services for local utilities and other billers. CheckFree Pay's existing CheckFreePay network has 11,000 agent sites located in check-cashing outlets, grocery stores, …

Image-exchange volumes continue to climb at a steady pace, and so does the volume of checks settled through image networks as images rather than as paper substitute checks, new data show. SVPCO's Image Payments Network, which links 15 large financial institutions and is the country's largest image-exchange system, reported Monday …

Three days after Congress passed a law restricting payments for Internet wagers, what seems clear is that the implications for banks and transaction processors are mixed. Observers say the new law will likely prevent most U.S. banks or third-party companies that still process online gambling payments from continuing to do …

Responding in part to unique security issues created by electronic image exchange in the U.S., the nation's largest settler of clearinghouse check volume this week introduced a registry for what it calls image-survivable security features to protect check images from fraud. The registry, operated by the Dallas-based National Clearing House …

Check imaging at ATMs is poised to become a big business, much bigger even than some experts had thought up to now. Driven by the Check Clearing Act for the 21st Century (Check 21), enacted in October 2004, banks are just now starting to equip machines to take so-called envelopeless …