As the independent authority on Remote Deposit Capture, RemoteDepositCapture.com has created a central site where you can find white papers from some of the leading experts throughout the industry. You can find White Papers on this page.

• The Client Business Case for Remote Deposit Capture; Detailed analysis provides compelling insights
• Debunking the Domino Theory
• Accelerated Clearing Works in the U.K.; It Will Work in the U.S., Too
• Webinar & Presentation: The Business Case for Remote Deposit Capture is Better Than You Think!

• Remote Deposit Capture - A White Paper Addressing Regulatory, Operational and Risk Issues
• The C21 Marketplace: Disruption in the Banking Industry

• Requirements & Business Models for a successful Remote Deposit Capture Deployment.

• Teller Scanner Performance and Scanner Design: Camera Position Relative to the Feeder

• Wiping out exceptions through payment processing automation
• The Triple Force of Electronic Check Clearing
• Not Mere Mail Anymore! How to use barcodes to improve business performance and cash flow.

• Combining Remote Capture and IRD Printing - A Check 21 Strategy for Community and Regional Banks

• How to Capture The Market - Discovering the Value of Distributed Capture at your Bank.
• A Dialogue on Commercial Deposit Automation & Remote Deposit Capture

• One Size Fits Nobody - Remote Deposit Capture in an Enterprise Payments World

• Two Words Every Business Should Know: Remote Deposit.

• Navigating A New Payments Landscape - Fraud Prevention, Risk Management & Regulatory Compliance.

• Managing Complex Payments

• SMALL CHECK SCANNER MICR READ PERFORMANCE BENCHMARK STUDY

• Controlling Image Quality at the Point of Capture.

• Understanding Image Quality & Usability Within a New Environment

• Using Intelligent Word Recognition Software to Cut Labor Costs - Without Outsourcing.

• Remote Deposit Capture and Its Unintended Fraud Consequences.

• A Holistic Approach to Reducing Check Fraud and Identity Theft

• Remote Deposit Capture - Proceed With Caution!

• Remote Deposit Capture: Measuring Profitability

Posted November 2005... This White Paper explores a detailed business case for Remote Deposit Capture from a corporate end-user perspective. As with many technology applications, there is a spectrum of value opportunity which can be realized. While even a basic RDC application can add value to a corporate’s treasury operations, leveraging a feature-rich RDC solution to automate the operational & deposit process can create an extremely compelling business case for a corporate client.

Posted August 2005... A widely distributed paper entitled ‘The Domino Effect of Check 21’ had many convinced that distributed capture makes little sense until a number of other foundational back-office capabilities are in-place. In the paper addressed to top-tier financial institutions, the author argues with great logic that Check 21 is ushering in a domino effect of technology spending among financial institutions beginning with central image capability followed by distributed capture. In this paper, Alogent argues that however logical, the “Domino Effect” advocates the wrong order of investment resulting in significantly deferred returns on investment (ROI). Moreover, banks recent investment activity suggests that the domino theory is on the wrong side of history.

Posted May 2005... In 2002 Alogent correctly predicted the adoption and growth of electronic image processing technologies in the US. This paper explains how they were able to use their experience working with Lloyds TSB, Barclays, and others in the UK, along with information gleaned from The Federal Reserve in the US and the UK Association for Payment Clearing Services (APACS), to predict the challenges and opportunities now in play in the US.

Posted April 2006... The Check Clearing for the 21st Century Act (Check 21) and the substitute check created new opportunities for financial institutions and their customers. But, the Act also created new operational and risk issues for financial institutions that take advantage of the opportunities and offer remote deposit capture to their customers giving them the convenience of electronically depositing checks. This paper will address and provide suggestions for best practices to manage and mitigate risk in the following areas: regulations, laws, contracts, fraud detection, operations and software capability.

Posted May 2005...Check 21 legislation is a catalyst, which has forever changed the payments industry and the relationship between financial institutions and their customers. In the new C21 Marketplace, the convergence of new rules and technology has created a new market full of potential for big wins and big losses. Read how NetDeposit helps the largest cash management banks in the country become the frontrunners in the C21 Marketplace.

This paper presents an informative foundation of knowledge that may be applied to the design and implementation of the appropriate distributed check capture solution. Data includes:

• A financial model that the reader may apply to their own operating environment to calculate cost / savings potential
• Multiple operating models with advantages and disadvantages of each
• Key considerations for hardware, software and implementation decisions

Excerpt:
"When you have accumulated enough experience designing and engineering scanning products for optimal performance, one of the many things you firmly come to understand is that small insights and/or small oversights are what distinguish an outstanding product from a mediocre one. Here is a prime example that qualifies as an insight if you have it while designing a Teller Scanner and a significant oversight if you discover it after your design is done."

Regulus has provided three White Papers covering the basic themes of process automation in transaction processing. Click on the below titles to download the White Papers in pdf format.

This paper will show how non-image enabled financial institutions can take advantage of the Check 21 Law by partnering with Independent Software Vendors (ISVs) and VARs. Rural, regional and community banks can compete with the large, fully image enabled banks. This paper will describe the three simple processes the non-image enabled financial institution can implement to compete against competition without the cost of becoming fully image enabled. By implementing three processes any financial institution can take advantage of the Check 21 law.

This white paper discusses how distributed capture will improve bank wide deposit services and achieve the benefits post Check 21. A pragmatic approach to evaluating distributed catprue is provided, alongside questions to help bankers discern the most appropriate channels to implementation.

By doing a basic Yahoo search, we came across the following White paper by NCR and Financial Insights which was a supplement to the American Banker. It is a panel discussion with 5 regional banks on their views on the basic benefits and approaches to Remote Deposit Capture.

The purpose of this paper is to describe the emerging world of remote deposit capture – not in broad brush strokes, but by drawing fine distinctions about how different industries, different companies, different point of sale strategies, and different banking relationships can upend the “averages.”

Every business seeks ways to improve productivity, eliminate unnecessary tasks, and bolster the bottom line. Surprisingly, significant savings are now being found in a function that’s been unchanged for decades: the relatively mundane process of depositing checks from customers. Major changes in the banking industry, as well as federal mandates, have made deposit processing an easy-to-tap source of “new money” for all types of businesses.

This paper explains how a new federal law known as “Check 21” is encouraging innovative new practices in the banking industry. It shows how businesses can use inexpensive scanning and imaging technology to save money and eliminate repetitive trips to the bank, thereby unlocking hidden profits in this otherwise cost-laden area.

Today there are significant changes in the payments industry. It is an era being defined by a declining volume of paper checks and associated revenue, and an increasing volume of electronic payments that provide less revenue. This shift brings to the forefront a need to re-address where the risks for payments fraud and expense exist, as well as what the current best practices are to protect against these risks.

Although the exact nature and timing of Check 21’s impact on future check fraud remains in question, it is clear that check truncation and check destruction are creating new opportunities for fraud. At the same time, the payments terrain is being impacted by other recent legislation, such as the Sarbanes-Oxley Act, Gramm-Leach-Bliley Act, and the Patriot Act. These are placing pressure on banks and corporations to improve their processes to better manage their risks. This paper explores some areas of interest for banks and their corporate clients as they relate to fraud prevention, risk management, and regulatory compliance today.

More than ever before, companies must manage a multitude of payment variables on a transaction-by-transaction basis. Managing these complex payments means tying together disparate systems, and on the typical company’s to-do list that means some form of enterprise integration. What payment systems, architectures and processes are required to help run the business in this complex environment, to save time and money, attract new customers, generate new revenue, and leverage existing technology investments? The answer to that question is fairly simple: systems that can efficiently and economically manage the blended world of paper and electronic, while ensuring flexibility for internal business processes along with consolidation of critical payment data for cash management.

With the shift from centralized to distributed capture occurring in the financial industry, there is a growing concern with checks that are captured by small inexpensive check scanners. Many fear a deterioration in the quality of the MICR and image data captured is emerging among early adopters. In the case of MICR read quality, higher rejects will lead to increases in operational costs for processing checks. Misreading checks may lead to incorrect routings and account postings, which in turn leads to financial losses and customer dissatisfaction.

Silver Bullet, in response to market indications of inferior MICR read performance from small check scanners, has conducted an independent MICR read performance study. The study validates the industry’s claims of inferior performance in the smaller scanners and assesses the value of adding MICR read performance enhancement technology to check processing.

Why is it important to ensure that an acceptable image of a check is captured at the first point of entry to the check clearing process under the Check 21 Legislation? The answer is simple -- if the image quality is not acceptable, the truncating bank eliminates the benefits of image conversion and can even see costs and liabilities increase.

Check 21 opens the door for financial institutions to deploy new methods for clearing and settling checks that do not rely on the routing of original paper checks. The provisions of Check 21, combined with advanced check imaging and data transmission technology, form the foundation of a new payment processing model. This white paper represents Wausau Financial Systems’ perspective on the challenges that organizations face today as they begin to develop a long-term strategy for image quality and image usability.

This report explains intelligent word recognition (IWR) technology and how it differs from ICR, enumerates the data entry applications best-suited for IWR, and describes the technology's major benefits.

Every new banking1 solution threatens to create unrecognized fraud exposures. With the rate of change currently experienced in the industry, the risk of creating new dangers increases dramatically as criminals discover ways to leverage the new processes against the old. As an industry, bankers must temper their enthusiasm over new potential revenue streams with thorough assessments of where new threats may lurk and how to best neutralize these risks before releasing offerings that cannot easily be recalled. Without this care, the industry will find itself exposed to even more devastating vulnerabilities, the results of which return to financial institutions in increased losses, increased regulations and increased customer dissatisfaction, not to mention increased criminal funding.

Due to legislative changes, and the increasing sophistication of fraud criminals, the banking industry has an acute need for next-generation fraud solutions. In particular, check fraud and identity theft related losses are costing the banking industry billions of dollars every year. An architecture for effectively reducing check fraud losses while simultaneously reducing internal paper processing costs is presented. The architecture is based on both back, and front office components. The back office components provide a cost-effective way of identifying check fraud by combining multiple image processing and transaction based components within a single framework thus avoiding expensive and complex integration effort. The front office components take advantage of legislation that allows the capture of electronic signatures within documents such as account opening formas and other contracts for enabling paper-free processes while simultaneously providing the ability to uniquely identify customers based on a non-intrusive biometric signature.

The decision by your bank to supply a merchant with a remote deposit capture scanner signals the beginning of a new customer service relationship, as well as the implementation of a new and useful technology. This new relationship is based largely on your trust in the merchant now in possession of a little piece of your bank—an RDC scanner—in the merchant’s backroom or on the merchant’s front desk. The merchant is now responsible for paper checks after they are scanned but often lacks the security and expertise of a bank. The merchant may also lack the understanding that scanned paper checks are useless to honest people but exceedingly valuable to someone who wants to exchange them for cash at another bank or use the personal information they contain to make duplicates.

Remote Deposit Capture does not necessarily increase the risk of paper check fraud, but it does change the methods of prevention and puts much of the responsibility for prevention on the merchant. Before inviting a merchant to participate in remote deposit capture, it is important to consider whether the merchant is the right partner for an RDC relationship, to be prepared to educate the merchant as to the responsibilities and risks of RDC, and to execute an agreement that protects the bank...

As banks implement image clearing strategies and deploy RDC simultaneously, the ability to define the effect on customer profitability becomes a difficult task. Customer profitability is a function not only of direct pricing revenue, but of a component of float, or uncollected funds, as well. This case study examines the profitability of a typical RDC corporate customer deposit by analyzing how allocated (customer) and incurred (bank) float and per item fees react when implementing an image based check clearing process.

One noteworthy benefit of Check 21 is how fresh technologies that surround Check 21 can enable improved compliance with Sarbanes-Oxley as well as improve overall customer service, and reduce operational costs. One of the principal requirements for Sarbanes-Oxley is for corporations to document and create controls around all important financial processes. With Check 21 and its attendant technology, Remote Deposit Capture, companies are able to extend business rules and manage processes to the point of receipt of a check and to effect immediate control over the check deposit and posting portion of the cash receipts process. Because of process rules, role based activities can be enforced, service levels and service level escalation is ensured, and audit trails are established on an item basis throughout the check receipt, account posting, and reconciliation process. In addition, via integration into the corporate general ledger, faster and more accurate posting of payment information is possible.