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Written by experts, the RDC Insider is your exclusive resource for informative articles, presentations and insights on the Remote Deposit Capture industry as no other publication can provide. Our experience is your advantage.
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- Mobile RDC has become a must have product for banks in the US. With the arrival of updated federal legislation this year allowing more modern kinds of digital payments in Canada, Mobile RDC is expected to make its debut at Canadian banks within months. Most of the Big Six lenders are expecting to roll out photo chequing around the end of summer. (The Globe and Mail, 03/28/2012)
- RDC and mobileRDC gained momentum in 2011 and it looks to continue in 2012. A key to managing the opportunity in RDC and mobileRDC is the development of a good sound risk policy. It is the basis for a successful RDC and mobileRDC rollout. (RemoteDepositCapture.com, 02/29/2012)
- In the Age of Durbin, banks need a product to make them feel good about payments. Enter mobile remote deposit capture, a service with cool factor that could attract and retain customers and even generate new revenue streams. (Diital Transactions Magazine, 02/15/2012)
- Bank of America customers who want to deposit paper checks through their smartphones will have to wait a little longer. The highly anticipated mobile check deposit feature is now slated for launch in the second half of the year — later than the previously announced deadline of June 30. (MyBankTracker.com, 02/10/2012)
- Although remote deposit capture (RDC) for commercial use has soared in recent years, banks remain cautious about offering the service to consumers. Mobile RDC should revise that outlook. (BAI Banking Strategies, 01/26/2012)
- Only 20% of Financial Institutions this year have no plans for a mobile remote capture service, down from 45% in 2010 and 72% in 2009. (DigitalTransactions.net, 11/22/2011)
- Will the low level of fraud be sustainable as the service grows? With banks and financial institutions expanding this service to a retail customer base that often undergoes less stringent due diligence than do their commercial customers, is the potential for fraud increasing? (Fedeal Reserve Bank of Atlanta, 11/21/2011)
- The New enhancements: enable consumers and businesses to make easier check deposits from their homes, offices, ATMs and mobile devices; includes enhanced remittance coupon processing for lockbox applications; and additional back office solutions to handle returns and inclearings (Fiserv, 11/04/2011)
- It's a gross understatement to say that small businesses aren't embracing remote deposit capture. Perhaps the better question to ask is how many small businesses even know what remote capture is. (Bank Technology News, 11/01/2011)
- The technological advance of smartphone scanning breaks down one of the last barriers to easy bank switching. As the practice spreads, there may be no stopping upstarts from cutting into the deposits of major banks. (Reuters, 10/28/2011)
- John Adams of BTN interviews three RDC Industry leaders, Andrew Tilbury, CMO Bluepoint Solutions; Dave Duvall, senior solutions engineer at VSoft; and Rick Cusimano, managing director of ProfitStars. The interview includes discussion of RDC deployment, risk and risk mitigation, and the role of RDC in Mobile Banking. (Bank Technology News, 10/17/2011)
- • 43% of consumers interested in mobile banking say remote deposit would be No. 1 reason for switching banks.
• 81% of mobile RDC users are satisfied with their bank vs. 72% of non-users
• By 2016, a 38% penetration is expected among adult Americans, vs. just 2% in 2011. (AlixPartners LLP, 10/04/2011)
- Two very different financial institutions are adding or expanding their mobile remote deposit capture services to meet what they say is growing customer acceptance of the new banking channel that removes paper from the payments system and hitches banks and credit unions onto the rising smart-phone star. (DigitalTransactions.net, 09/30/2011)
- Despite conflicting reports, mainstream adoption of mobile payment services, including mobile RDC, seems inevitable. The core premise of online banking (convenience, enhanced services, and a more efficient and robust reporting mechanism) is taken to the “next level” via mobile capabilities. Still, many questions remain, especially “How”? (RemoteDepositCapture.com, 09/26/2011)
- PDF Presentations for the RDC Summit 2011 are being posted in the RemoteDepositCapture.com Forums as they become available. Registration is required to view the post and download the PDFs. (RemoteDepositCapture.com, 09/26/2011)
- There is little evidence of ongoing operational losses from RDC. In a fall 2010 survey of 194 RDC-deploying financial institutions, nearly 90% reported having suffered no RDC losses. And, losses among the other 12% were not recurring events. (AmericanBanker.com, 09/01/2011)
- RDC will one day be just as much of a necessity as debit cards are today. (Credit Union Times, 08/22/2011)
- The new venture, clearXchange, will allow a customer of one of the 3 banks to send P2P payments to another customer of the 3 banks The three banks will own and run clearXchange, with Bank of America’s John Feldman serving as General Manager. (clearXchange, 05/25/2011)
- Mobile RDC (Remote Deposit Capture) is a Game Changer for Financial Institutions. This report from Javelin "reveals one in every four consumers and one in every two mobile bankers want mobile remote deposit capture (RDC) to bypass ATMs and bank branches and deposit checks using cell phones." (Business Wire, 05/24/2011)
- Third post in a series on teller deposit automation. This post looks at various systems integration alternatives and their implications. Read on. (RemoteDepositCapture.com, 05/20/2011)
- The second in a series examining trade-offs of various capture strategies. This looks at some dimensions of the business case for teller deposit automation. (RemoteDepositCapture.com, 04/22/2011)
- People excel when they have a clear idea of the plan as articulated by senior management, understand what their specific role is in achieving plan success and receive a personal benefit when success is achieved. Does this sound like your organization? If not, read on... (RemoteDepositCapture.com, 04/19/2011)
- While applications that let consumers deposit checks via mobile phone are all the rage, some banks are finally getting around to upgrading remote deposit technology for its original audience: businesses. (American Banker, 04/18/2011)
- There is one type of debit transaction that is not affected by the proposed cap on interchange fees. (RemoteDepositCapture.com, 03/15/2011)
- Only a year or so ago, depositing checks using a smart-phone application seemed cutting-edge. Now, some financial institutions that have the most experience with offering mobile remote deposit capture are not only touting the success of the product, they are also warning their peers that the window of opportunity in this market is rapidly closing. (Digital Transactions, 03/08/2011)
- While ensuring an endorsement, and ideally the appropriate restrictive endorsement, may not be a foolproof solution, appropriate restrictive endorsements and the ability for financial institutions to recognize them as such can provide a safer and less costly payments system. (RemoteDepositCapture.com, 03/05/2011)
- While it will cut usage dramatically, a fee makes sense if you want to add a new feature without increasing bank costs. And evidently, U.S. Bank doesn't believe the higher number of deposits garnered by a free service would save enough labor to overcome the lost fee revenue. (NetBanker.com, 02/21/2011)
- I am taking a break from expounding on the “7 Secrets of Successful RDC FIs” and wanted to share some insights from a recent Jaguar Software meeting where Panini, Canon and SEAC made presentations. From David Peterson's Blog, RDSaw on RemoteDepositCapture.com (RemoteDepositCapture.com, 02/08/2011)
- 2010 was a year of increased adoption of RDC by both corporate and merchant customers of financial institutions. Why was 2010 a better year and what will it take to increase adoption by corporate and merchant customers? (RemoteDepositCapture.com, 01/20/2011)
- Checks have been truncated in Spain since 1990, through the Spanish retail payment system. By 2006, virtually all cheques cleared electronically. Remote deposit capture therefore presents a viable value proposition to both banks and their customers in Spain. (Celent, 01/19/2011)
- While deployments by large banks have garnered visibility, credit unions have been quietly deploying distributed capture technology. In this respect, they are markedly different from community banks. Vijay Balakrishnan discusses what makes credit unions different. (RemoteDepositCapture.com, 11/12/2010)
- Does it matter how easy it is to use an RDC solution? Is “more” more or is “less” more? David Peterson looks at two categories of RDC Solutions: 1) systems that have too many options and 2) systems that were not created for businesses – systems originally created for an FI that have been “repurposed” for use at a business. (RemoteDepositCapture.com, 11/11/2010)
- This article takes a closer look at some of the highlights in the conference and of the technology displayed on the show floor. The conference focused on inovative ways for banks to interact with customers using a multi channel approach for the when, where and the how to connect in a 24/7 world where mobility is the new norm. (RemoteDepositCapture.com, 11/05/2010)
- Windows versus Web. Fat versus Thin. Software versus SaaS. Does the mode your RDC system is deployed and used by business customers matter to your overall RDC Success? (RemoteDepositCapture.com, 10/28/2010)
- BAI Retail Delivery - A conference looking to reinvent itself. Ed McLaughlin, Executive Director, RemoteDepositCapture.com gives his summary of the BAI Retail Deliver conference, October 29-21, 2010 (RemoteDepositCapture.com, 10/27/2010)
- “We knew this would be popular, but we were surprised how many checks must have been lying around peoples’ houses,” says a PayPal spokesman. (DigitalTransactions.net, 10/12/2010)
- One of the ways that FIs limit themselves on RDC adoption is by taking the attitude that every penny of cost associated with RDC must be borne by the RDC end user. I think this is penny wise and dollar foolish. (RemoteDepositCapture.com, 10/11/2010)
- Summits do not fill voids. On the contrary, they proudly etch their presence across the sky. The RDC Summit, however, does address an important void in the industry. It is, arguably, one of the better venues to meet and hear from check processing experts. (RemoteDepositCapture.com, 10/01/2010)
- Summits usually imply rarified heights, with spectacular views, but shortness of breath due to the thin air. The RDC Summit 2010 certainly provided an excellent, all round perspective of this fast-changing industry. (RemoteDepositCapture.com, 10/01/2010)
- PayPal is a strong company, and growing. PayPal has been influential in many areas and has served as the go-to model for many a start-up. Their newest offering, tapping into RDC via Smartphones, can be seen as both a natural and neat extension to their core product line, but, it can also be seen as a colossal failure. (RemoteDepositCapture.com, 09/30/2010)
- Sept 29th and 30th were two fact filled days at the RDC Summit in Orlando Florida. There was a powerful lineup of speakers and meaningful content sessions. While more education is being delivered via virtual channels there is no substitute for the impromptu interactions that occur between industry stakeholders at a meeting such as this. (RemoteDepositCapture.com, 09/30/2010)
- Getting consumers to adopt new payment vehicles is not just about technology. It involves identifying and carefully leveraging existing consumer franchises. (RemoteDepositcapture.com, 09/26/2010)
- FFIEC guidance says that RDC may not be for every depositor. I cannot think of any reason that a qualified depositor, someone that can come into any branch and deposit, that would not qualify for RDC. Take a read and if you can come up with a reason, comment back and let me know! (RemoteDepositCapture.com, 09/16/2010)
- It’s hard to imagine a more frustrating situation for a RDC provider than dealing with the question of “Can you integrate to our core?”. Thousands of dollars spent on courting a bank and selling your RDC solution can be wasted if your agreements do not carry protective provisions against the process of trying to work with their core provider. (RemoteDepositCapture.com, 09/10/2010)
- Early adopters in the consumer remote deposit capture market say their services are a hit with customers, but they also say they are able to keep risk under control as remote deposit for smart phones seems poised to hit the big time. (DigitalTransactions.net, 09/10/2010)
- You are a newer provider or a RDC provider that has been struggling selling only to corporate clients and are ready to diversify your business model and offer your product line to Financial Institutions. These 10 points can confidently serve as your initial business development strategy. (RemoteDepositCapture.com, 09/10/2010)
- This article, authored by David Peterson (original founder of Goldleaf Technologies), began as a great discussion in the RDC Network on LinkedIn. David then expanded the discussion to incorporate input from dozens throughout the Industry, which is now available in the new Blog section on RemoteDepositCapture.com. (RemoteDepositCapture.com, 09/08/2010)
- Ron Osborne, founder of Salus Novus, has been an active contributor to the discussions in the RDC Network on LinkedIn and his positions on topics often elicit heated discussions. We are happy to announce that Ron will now have his own blog on RemoteDepositCapture.com. (RemoteDepositCapture.com, 09/08/2010)
- An interesting feature to be incorporated in an upcoming version of PayPal’s iPhone app is one that will save you the trip to the ATM or bank. When you receive a check, you’ll be able to take a picture of the front and back of a check and and PayPal will deposit the amount from the check’s account into your PayPal account. (www.TechCrunch.com, 08/14/2010)
- In yet another example of how the RDC Industry continues to improve and evolve, Burroughs' item-based cost model for new contracts substantially reduces investment requirement and eliminates declining volume risks. (Burroughs / ReoteDepositCapture.com, 08/09/2010)
- Chase Bank rolled out a major new release to its iPhone app on Thursday (v. 2.3.1) with the addition of both remote deposit capture and peer-to-peer (P2P) payments. Chase is the first to support both those important features in its mobile app (note 1). This post covers remote deposit and the P2P feature will be reviewed later. (netbanker, 07/03/2010)
- Chase has begun offering free RDC services to new Quick Deposit customers. When meeting certain requirements, including depositing 10 checks per month, Chase waives the monthly fee and provides a Panini scanner. Read the analysis from NetBanker here. (Netbanker, 06/15/2010)
- The Federal Reserve defines a check as; “Original check means the first paper check issued with respect to a particular payment transaction”. Is this definition still relevant in the age of electronic payments given over the telephone, mobile phone or on the internet? (RemoteDepositCapture.com, 04/15/2010)
- Professional Veterinary Products (PVP) achieves payments consolidation of its' Credit Card, ACH and Check Payments, inclusive of Remote Deposit Capture, on a Single Platform with Accounts Receivable Integration. (FTNI, 03/15/2010)
- Mobile remote capture represents the latest in a series of remote deposit capture progressions. The technology first emerged as a way for large corporate customers to send in check deposits electronically. Delivering remote capture services through camera-equipped mobile phones expands the possible market for electronic check deposits even further. (American Banker, 01/26/2010)
- As RDC increasingly becomes a payments platform or “Payments Hub”, system reliability becomes a clear differentiating factor, and in some cases a critical requirement. Remote Scanner Management should be a part of any good RDC Solution employed by financial institutions, corporations and businesses in a distributed environment. (RemoteDepositCapture.com, 01/20/2010)
- A new payment type, Electronic Payment Orders, might become the "check" of the digital age. (DigitalTransactions.net, 01/07/2010)
- First National Bank of Omaha combines Wausau's Remote Capture platform with Epson's CaptureOne check scanner to create a second generation, Web-enabled RDC solution. (www.BankTech.com, 12/04/2009)
- In a highly competitive environment, insurance carriers of all stripes are looking for a point of differentiation that can help them meet rising agent and customer expectations. Improving payments and receivables processing is one area where insurers can enjoy an immediate impact from changes. (WAUSAU Financial Systems, 12/03/2009)
- The introduction of consumer and mobile solutions will mean the extension of RDC services to a wider range of customers and will enable innovative financial institutions to provide a cost-effective multiple channel service that fits in with changing consumer demands. (NCR Corporation, 12/02/2009)
- At BAI Retail Delivery this year, the debate between whether to capture branch check deposits at the teller versus at the back counter was a primary focus – especially with the growing popularity of “green banking”, the search for the “green branch” and the holy grail goal of going totally paperless. (RemoteDepositCapture.com, 12/02/2009)
- This will be a first in a series of articles on Payments and Payment Hubs. This topic has been generating quite a bit of interest and whenever a topic generates quite a bit of interest it seems too inevitably lead to quite a bit of confusion and misunderstanding. (RemoteDepositCapture.com, 11/05/2009)
- Criminal opened up several accounts with banks which offered immediate or next-day availability on deposits. Effective use of RDC and compliance with FFIEC Risk Management Guidelines could likely have prevented losses of over $3 Million. (www.AmericanChronicle.com, 10/03/2009)
- As RDC has grown in popularity and has been pushed to end-users of all types, and as recognition technologies have continued to improve, the following question is being asked more and more frequently: Do we really need to read the MICR line of a check magnetically?? (RemoteDepositCapture.com, 10/01/2009)
- The number of community banks that offer merchant remote deposit capture is expected to increase to 78 percent by 2011. RDC adoption rates are strongest among the largest community banks, with 97 percent of those with more than $500 million in assets offering merchant RDC versus 32 percent of community banks with assets less than $100 million. (The ICBA, 09/17/2009)
- The FFIEC guidance has precipitated significant effort among thousands of banks to document and formalize what many banks were already doing. Tangible new efforts that would arguably identify and mitigate risk (deposit limits, improved reporting, intra-day deposit review, etc.) were relatively infrequent responses to the guidance. (Celent, 09/16/2009)
- The transition from paper to imaged checks exposes bank vulnerabilities to fraud, but also facilitates detection methods that may turn the tide. (BAI Banking Strategies, 09/11/2009)
- Content is king on the Web. Providing keyword-optimized content will lead more people right to your Web site or other sites that your PR campaign will reach. Making your public relations campaign the driver of this content will also ensure that what your audience is finding on the Web will be information that is of value to them. (William Mills Agency, 09/11/2009)
- The inherent risks of remote capture haven't snuck up on bankers, but its application to the wider cross-section of compliance regulations has begun to dawn on institutions and vendors - and is going to require more persistent monitoring and managing. (US Banker, 08/28/2009)
- While there is no substitute for customer due diligence and regular KYC (Know Your Customer) policies and procedures, FIs should compliment this process by tying their KYC information to the technical tools at their disposal to effectively mitigate RDC Risk. (RemoteDepositCapture.com, 08/19/2009)
- RDC is letting community banks extend their geographic reach, improve customer convenience and service, reduce expenses, and gives them a better chance of bringing on new customers. (Long Island Business News, 08/18/2009)
- Risk concerns have contributed to many financial institutions taking a conservative approach to RDC. This is bound to change as the increased focus on core deposit growth, ongoing technology advancement and the regulatory environment will all contribute to inspiring them to tackle more pervasive remote deposit strategies in the near future. (Goldleaf Financial Solutions Inc. , 08/13/2009)
- Developed in-house, the free iPhone app with its new remote capture feature requires the user to first register with USAA before being approved to send checks. (DigitalTransactions.net, 08/11/2009)
- Mitek Systems, whose software allows users to create check images with their camera phones and then send the images to banks for deposit, signed its biggest processor to date this week. Fiserv agreed to adopt Mitek’s Mobile Deposit product and offer it to the more than 1,100 financial-institutions that use the company for remote deposit capture. (Digital Transactions, 07/29/2009)
- Banks that have not yet awakened from their slumber need to realize that the market is not standing still. Despite the troubling economy, a number of new, bank-neutral solutions are close aboard. (Celent, 07/24/2009)
- Merchants that are good prospects for accepting remote deposit capture services have different needs from many credit and debit card-accepting merchants, but independent sales organizations that do their remote capture homework will be rewarded. (DigitalTransactions.net, 07/23/2009)
- The cost runs $39.95 to $149.95 per month, depending on volume. You get up to 150 monthly scans at the lower level and 1,000 at the high end. (NetBanker.com, 07/22/2009)
- The payments industry has seen the repetition of a pattern. It starts with innovation driven by software companies, followed by ambitious "hockey stick" adoption predictions, fits and starts a la Geoffrey Moore's "chasm" model, an initial trickle followed by a torrent towards outsourced processing and a brutal race to scale and commoditization. (StratEx Insights, 07/04/2009)
- Payments “electronification” is a sure-fire way to trim expenses and improve service. Clearly, there’s a huge opportunity to electronify payment acceptance at medical offices. Because most of these offices already accept checks, but not necessarily credit and debit cards, RDC is a great first step. (RemoteDepositCapture.com, 04/24/2009)
- On April 24th, the USA Today included a supplement on “Smart Banking” to over 2 million readers, primarily in the southeast in print, and online nationwide. The report covers many topics including online security, savings strategies, cool new online financial tools, and of course – Remote Deposit Capture. (RemoteDepositCapture.com, 04/24/2009)
- Remote deposit capture has taken financial institutions by storm. In just over three years since its debut, well over half of all US banks have adopted solutions. This extraordinary adoption earns RDC the distinction of being the most rapidly adopted technology in the history of the US financial services industry. (Celent, 04/20/2009)
- NACHA Payments 2009 closed at NOON upon completion of today’s 31 sessions. The conference provided the attendees with a choice of 155 classroom experiences to increase their knowledge of Electronic Payments, Rules, Solutions and Case Studies. By all accounts, Payments 2009 was a very successful conference. (RemoteDepositCapture.com, 04/08/2009)
- Following the Monday evening offsite festivities hosted by Fiserv, the participation in the exhibit hall and in the sessions was good. Today, conference attendees had a choice of 60 sessions across 7 tracks along with extended time to visit with over 80 vendors in the exhibit hall, including the closing reception time.
(RemoteDepositCapture.com, 04/07/2009)
- On Monday, conference attendees had a choice of 48 sessions across 7 tracks. In addition, they had the opportunity to meet with over 80 vendors in the exhibit hall. This report will provide some of the conference highlights. (RemoteDepositCapture.com, 04/06/2009)
- This paradox results in a conflict between the imperatives of customer intimacy, value optimization, and process efficiency and profitability. But is this really a paradox, or a strategy for bankers to stay ahead of the curve in an evolving landscape? (Bank Systems & Technology, 04/03/2009)
- RDC provides the way to gather deposits but also represents new payment risks The industry requires innovative and automated methods of analyzing the deposits to enforce the new guidelines and provide strict control of depository and merchant agreements made between the financial institutions, aggregators and business owners of all sizes. (AQ2 Technologies, 03/02/2009)
- The FFIEC has released its long-awaited guidance on Remote Deposit Capture. And while most experts agree their initial reads found no real surprises in the guidance, there is also broad agreement that federal regulators will be looking closely at RDC programs, and for compliance with the guidelines, during upcoming examinations. (RemoteDepositCapture.com, 02/27/2009)
- The Federal Reserve Board has approved amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Fifth and Sixth Districts. (Federal Reserve, RemoteDepositCapture.com, 01/22/2009)
- The new remote capture technologies may overcome early reservations about image quality and risk. While remote deposit capture is now wildly popular and rapidly becoming a standard offering at many banks, when it first came out there were a whole host of skeptics. (DigitalTransactions.net, 01/21/2009)
- A financial institution offering RDC should have sound risk management and mitigation systems in place and should require adequate risk management at customer locations. Prior to implementing RDC, and periodically thereafter, management should conduct a risk assessment to identify the related types and levels of risk exposure. (FFIEC, 01/14/2009)
- Mid-December Release date expected. As soon as the guidance is issued, RemoteDepositCapture.com will post full details on our homepage. Site visitors are encouraged to view the free webinar on RDC Risk Manageent Best Practices, join the discssion and add your comments. (RemoteDepositCapture.com, 12/03/2008)
- While the current Financial Crisis is having a severe impact upon the economy and banks’ investments in new projects and technologies, a growing number of financial institutions have identified RDC as a must-have to survive and thrive. (RemoteDepositCapture.com, 11/14/2008)
- Critical steps toward ensuring an appropriate risk / reward outcome are understanding the new Remote Deposit Capture risk environment, being aware of the technologies, processes, and legal / regulatory capabilities, learning of actual events and experiences from througout the industry and implementing best practices. (RemoteDepositCapture.com, 09/29/2008)
- Remote deposit capture (RDC) has the potential to radically alter the competitive lay of the payments landscape. No big surprise there. What may surprise some folks, however, is the scope and breadth of new business opportunities created by RDC.
(RemoteDepositCapture.com, 08/26/2008)
- It is easy to see why small businesses would want to harness the benefits of electronic payments. With the economic landscape becoming increasingly challenging, companies are feeling the squeeze and must find ways to improve productivity and cut costs. (ProfitStars, 06/26/2008)
- On May 15, 2008, Bank of America and Wells Fargo announced their joint partnership in the processing of ACH transactions, PARITER SOLUTIONS. This announcement was a surprise in some ways, but in others it was not. According to NACHA, Bank of America and Wells Fargo are 2 of the top 3 banks for both originations and receives of ACH transactions. (RemoteDepositCapture.com, 06/25/2008)
- Well, it’s 2008, a full three years after the passage of the legislation “Check Clearing for the 21st Century Act” (Check 21), so let’s take stock of what financial institutions have done with this incredible gift. (Goldleaf Technologies, Inc., 06/19/2008)
- We've discussed the risks involved in remote deposit capture and that financial institution regulators expect banks that offer RDC to customers to examine, underwrite, and educate customers who use RDC, in order to minimize those risks. According a recent article in The American Banker, "community banks play it safe. Some say too safe." (Bank Lawyer's Blog, 06/10/2008)
- Checks continue to be a mainstay for businesses in the US. Remote Deposit Cature presents unprecedented opportunities for these businesses and their banks, and a ever-more attractive opportunity for ISOs and merchant-level salespeople. (The Green Sheet, 06/09/2008)
- It was bound to happen, vendors offering solutions that extend the banking enterprise right into the home. Is this a new concept? The answer is a simple one… no, but the implications are! (The Copper River Group, 04/25/2008)
- We recently attended two conferences, the ICBA (Independent Community Bankers Association) Conference in Orlando, Florida and the AIIM Conference (The ECM –Electronic Content Management – Association) in Boston, Ma. These two very different conferences included discussions regarding many aspects of Remote Deposit Capture (RDC). (RemoteDepositCapture.com, 04/25/2008)
- The goal of the RemoteDepositCapture.com 2007 Industry Research Report is to identify and report on key metrics, trends and issues impacting the Remote Deposit Capture (RDC) Industry. (RemoteDepositCapture.com, 12/03/2007)
- Remote Deposit Capture is dramatically changing the payments landscape. Affordable and competent technologies combined with new regulations and legislation have given rise to unprecedented opportunities, risks, capabilities and competition. (RemoteDepositCapture.com, 08/23/2007)
- In 2005, Southern Commercial Bank in St. Louis was looking into the future. They are an aggressive ten location community bank in the St. Louis and adjoining Jefferson County areas, with a major business lending portfolio and a strong retail presence. They planned to actively promote remote deposit capture. (BLM Technologies, 06/11/2007)
- Though many consumers have adopted online bill payment and have sharply reduced the amount of checks they write, businesses are still writing checks for most of their purchases. (RemitPro, Inc., 05/15/2007)
- With the increase of checks being truncated or converted to electronic transactions, financial institutions are faced with increased demand from their corporate customers on information on risk, costs, and processing efficiencies for all payment methods, particularly checks and ACH. (Alogent Corporation, 08/31/2006)
- In this brave new world of Remote Deposit Capture, the entire process and results depends upon what happens at the point of capture, and Image is everything. (RemoteDepositCapture.com, 06/26/2006)
- Despite the popularity of Remote Deposit Capture, the race to bring new and existing customers on-line has seen challenges for deployment, fulfillment, service and support. (RemoteDepositCapture.com, 06/20/2006)
- As the Remote Deposit Capture industry grows and matures, as with almost any industry, there will be companies who can provide substantial additional value to the core industry. (RemoteDepositCapture.com, 02/21/2006)
- Not long after President George W. Bush signed the Check Clearing for the 21st Century Act – commonly called Check 21 – many voices around the banking industry raised a familiar and loud refrain: Beware of thieves who seek to exploit weaknesses of Check 21 and perpetrate fraud on the banking industry. (GTNews, 11/08/2005)
- If you haven’t heard of it yet, you will soon. Remote Deposit Capture has been called “The most important development the (U.S.) banking industry has seen in years” by the Federal Reserve and others (GT News, 10/19/2005)
- Treasury & Risk Magazine, in association with Wells Fargo, recently published the results of their Check 21 survey of over 300 Corporate Financial Executives. One thing is clear: we've only just begun to see the tip of the iceberg in terms of Remote Deposit Capture (RDC) deployments. (RemoteDepositCapture.com, 09/20/2005)
- In what may have been the first battle between the realities of the check clearing process in the USA and the hype often found in the press about Check 21, reality won. (RemoteDepositCapture.com, 08/22/2005)
- Regardless of new legislation, technology or workflows, the entire check payments process begins with a piece of paper (the check) and (ideally) a control document. (RemoteDepositCapture.com, 07/29/2005)
- The proliferation of business method patents since the State Street Bank vs. Signature Financial Group ruling in 1998 threatens to stifle innovation and competition in the financial services industry. (RemoteDepositCapture.com, 07/28/2005)
- John Leekley, Partner, RemoteDepositCapture.com recently sat with Mike Fenton VP of Parascript’s Total Recognition Solutions to discuss Parascript’s role in the emerging industry of Remote Deposit Capture. (RemoteDepositCapture.com, 06/10/2005)
- John Leekley, Partner, RemoteDepositCapture.com sat with Ed Herman & Vinnie Calo of EDS, and Joe Lamar, Check Products Product Manager at Bank of America at the recent BAI Transpay Conference to discuss Remote Deposit Capture and their success and experiences in deploying this new service. (RemoteDepositCapture.com, 05/24/2005)
- At the BAI Transpay conference in 2004, most of the conference focused on the recent passage of the Check 21 legislation and how banks were preparing to comply with the legislation, clear checks as images and possibly develop new products and services enabled by Check 21. (RemoteDepositCapture.com, 05/16/2005)
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