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Mitek Surpasses One Billion Mobile Check Deposits

May 3 – Mitek, a global leader in mobile capture and identity verification software solutions, today announced that its Mobile Deposit® solution has now processed over one billion check deposits. The company’s Mobile Deposit is licensed by more than 5,000 U.S. financial institutions and used by more than 70 million consumers. Crossing the billionth check milestone further establishes Mitek’s Mobile Deposit as the de facto standard for safe and convenient mobile check deposit. (more…)

Bill.com Introduces First Payments Network Uniting Banks and Businesses in the Cloud

March 10 -Bill.com has announced the Bill.com Network, the first business payments network to help companies pay and get paid in a fast, simple and secure way. Bill.com introduces the Network as the company reaches critical mass, surpassing the 1 million member mark and $25 billion in annual transactions. Through the Network, Bill.com connects businesses and banks in the cloud, enabling faster and lower-cost payments and improved collaboration to bring digital business payments into the 21st century.

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More Than 1.1 Billion Users of Mobile Biometrics for Financial Services by 2020

December 4 – More than 1.1 billion financial services customers are expected to be using mobile biometrics by 2020, according to Goode Intelligence, a leading research and consultancy organization for the biometric and financial services industry. (more…)

Mobile Banking Users to Exceed 1 Billion this Year

October 13 – New research from leading analysts, Juniper Research, finds that more than 1 billion mobile phone users will have used their devices for banking purposes by the end of this year. This global user base is forecast to reach 2 billion by 2020, by which time it will represent 37% of the global adult population.

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Consumers Finding New Ways to Pay Bills Online

August 31 – The majority of American consumers has started paying bills online within the last five years, according to a new survey by American Consumer Credit Counseling. Nearly 95 percent of those polled in the month of July by ACCC admitted that they pay at least one bill through their computer or mobile device. Nearly 55 percent of those polled said they started paying online within the last five years.

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Mobile and Online Transactions to Reach 125 Billion Dollars Annually by 2018, as China Overtakes US

August 24 – New data from Juniper Research has revealed that the number of annual purchases made via mobiles, tablets, desktops and other connected devices should reach 125 billion annually by 2018, up by more than 60% on this year’s total.

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Worldwide EMV Payment Card Shipments Top 2.1 Billion in 2014 with 43% Issued into the United States and China

August 7 – Just over 2.1 billion EMV cards were issued worldwide in 2014, up 27.5% from 2014. The exponential year-on-year (YoY) growth rate was driven by significant EMV issuance into the United States and China. EMV card issuance in the United States in 2014 was up 187 million units when compared to 2013 and China continued its steep EMV issuance path deploying approximately 685 million cards in the same year. If China and the United States were excluded from the forecast analysis, 2014 global YoY shipment growth would have totaled a mere 6.6%, highlighting the important impact these two nations are having on the global scene.

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‘Internet of Things’ Connected Devices to Almost Triple to More Than 38 Billion Units by 2020

July 28 – New data from Juniper Research has revealed that the number of IoT (Internet of Things) connected devices will number 38.5 billion in 2020, up from 13.4 billion in 2015: a rise of over 285 percent.

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Millennials’ ‘Wing It’ Approach to Bill Payment Offers Opportunities to Bill Providers

July 27 – A survey conducted by Inlet, a new technology platform that enables companies to securely deliver digital documents across multiple online consumer destinations, found that many millennials aren’t looking at their bills before they pay them, and the majority don’t have an organized system to pay their bills, creating an opportunity for bill providers to engage this coveted age group early in their adult lives. (more…)

Banks to Spend 16 Billion Dollars on Digital Transformation Initiatives

July 2 – Retail banks (including thrifts and credit unions) in the U.S. will spend nearly $16.6 billion on hardware, software, services, and internal IT staff in order to develop and implement digital transformation initiatives in 2015. And this spending on digital transformation will grow at a compound annual growth rate (CAGR) of 10.4% into 2019, according to recent IDC Financial Insights spending models.

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