BBVA Compass announced Monday that it's offering Mitek's (MITK) Mobile Photo Bill Pay technology to its retail customers.
Customers of the division of Spanish banking company Banco Bilbao Vizcaya Argentaria can now update BBVA Compass' iPhone app with the feature.
The software allows people to snap a photo of a bill with a smartphone, and then automatically add new bill payees and schedule payments.
City Bank Texas in Lubbock and U.S. Bank already offer the technology.
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
The Consumer Financial Protection Bureau will soon have to defend its interpretive buy now/pay later rule in court following an industry advocacy group lawsuit. Here's what's at stake.
Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
