Operations, Workflow Management
Frank Stokes of CONIX featured in American Banker
Jun 7th
Frank Stokes, CONIX Systems’ President of Technology, was recently featured in American Banker’s Viewpoint to discuss the risk management of remote deposit capture and image exchange. Stokes discusses the need for earlier identification and resolution of exceptions.
“The ISOs are Coming! The ISOs are Coming! The ISOs are Coming!” But at a Slow Pace!!
Apr 21st
The April issue of Digital Transactions
( http://digitaltransactions.net/files/DigitalTransactionsApril10.pdf ) has an article starting on page 20 that examines the struggles most ISOs are having adding Remote Deposit Capture as a new cross-sell product to their existing merchant base. Does the offering by ISOs to bank’s customers cause disintermediation to the banks? Are bank’s defending their turf and offering RDC to the smaller retail merchants?
The risks of mobile banking & consumer RDC
Apr 12th
Daniel Wolfe, American Banker featured reporter, recently published an article (ACH Is Next Frontier for Mobile Phones) highlighting ACH as the next step in the evolution of mobile banking/payments. While enabling mobile phones to connect to the ACH network would certainly bring mobile payments closer to being fully realized, one can only imagine what kinds of additional risks this would create. The banking industry has already seen an increase in duplicate payments and attempted fraud directly related to remote deposit capture. What additional risks can we expect when consumer deposits are added to the mix?
