Litigation Continues Around the Tech Behind Remote Deposit Capture 02/09/2023 07:12 pm WASHINGTON—Litigation surrounding remote deposit capture (RDC) technology continues, with the U.S. Patent Office’s Patent Trial and Appeal Board recently invalidating three of USAA’s patents related to mobile check deposit.
PayJunction Integrating with Plaid in Effort to Simplify Bank Payments 02/09/2023 07:31 pm SAN FRANCISCO—PayJunction, a developer of payment processing technology, reported it is integrating with Plaid, a consumer-permissioned network powering the digital financial ecosystem, in an effort to simplify bank payments.
Unpopular Decision at Popular Bank: Fed Assesses Fine Over PPP Violation 02/09/2023 07:31 pm WASHINGTON—The Federal Reserve Board has fined New York-based Popular Bank $2.3 million for processing six Paycheck Protection Program (PPP) loans despite having detected that the loan applications contained significant indications of potential fraud and for failing to report the potential fraud in a timely manner.
VCCU Promotes Zaragoza, Hires Doniaz 02/09/2023 06:17 pm VENTURA COUNTY, Calif. — VCCU has promoted Arturo Zaragoza to director of financial equity programs and hired Jaime Doniaz as financial inclusion and education manager.
