Banking relationships traditionally begin with deposit accounts, but changes in retail banking, combined with a sputtering economy and the explosion of new technologies, have spawned a new breed of ...

In their Secured Transactions column, Barbara M. Goodstein and Adam C. Wolk, discuss the Uniform Special Deposits Act. The act aims to create a set of "clear and executable" rules to govern bank ...

Organizations representing the payments industry are coming out in support of the federal government’s move to eliminate paper checks for disbursements. Nacha, the governing body that oversees the ACH ...

Banks and credit unions across the board are increasing deposit limits for mobile remote deposit capture transactions, and with the consumer remote-capture market mostly conquered, financial ...

Online banks like Capital One, Axos Bank and Alliant Credit Union offer multiple ways to deposit cash through ATMs and retail partnerships. Most cash deposits at bank ATMs are free, while retail ...

Fifth Third Bancorp plans to lean into retail banking in the southeastern U.S. following a 5% decline in commercial transaction deposits during the second quarter. Processing Content The opening of ...

A bank of first deposit (BOFD) is the initial bank where a check is deposited into an account. Checks deposited at a BOFD from the same bank as the issuer are processed as "on-us" items, enabling ...

In 2008, in the midst of a financial crisis, federal regulators extended bank deposit guarantees beyond the statutory $250,000 limit to cover all “transaction,” or checking, deposits. Later codified ...