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Fourth Annual mRDC Industry Study Reveals Pricing, Losses, Risk and Successes

Thursday, October 19, 2017 (RemoteDepositCapture.com / Patti Murphy)

Financial institutions are driving greater mRDC adoption as consensus emerges that benefits outweigh costs and risks. Webinar detailing these and other revelations from Fourth Annual mRDC Industry Study now available for viewing on demand.
Mobile RDC continues to rack up high marks with financial institutions as an overwhelming majority say the benefits of offering mRDC outweigh the costs and risks. In all, 95% of FIs participating in the 4th Annual mRDC Industry Study said the benefits of mRDC outweigh the costs and risks; 63% said the benefits “far outweigh” costs and risks.
 
“There’s no question that mobile RDC has emerged as a winning proposition for financial institutions large and small,” said John Leekley, Founder and CEO of RemoteDepositCapture.com. “One reason for this, we believe, is that risk concerns raised early on about mobile deposit, such as a potential deluge of losses from fraudulent duplicate deposits, never materialized.” In fact, 74% of FIs participating in this year’s study reported no losses from mRDC; of the 26% that did incur losses most were in the retail sector. The percentage of FIs reporting losses from mRDC has remained relatively unchanged for the last 3 years, Leekley noted.
 
The mRDC Industry Study, conducted by RemoteDepositCapture.com, reveals unparalleled insights into how banks and credit unions are deploying mobile RDC across various customer segments. The study draws from an online survey completed by nearly 200 financial institutions during June and July. Detailed findings and an analysis of the survey results are available now for viewing on demand in the RemoteDepositCapture.com Webinar Library.  
 
Details described in the webinar include:
 
  • mRDC pricing trends by market segment (consumer, small business and corporate);
  • funds availability and deposit limit policies by market segment;
  • check destruction policies;
  • where and how financial institutions are experiencing mRDC frauds losses;
  • which risk management tools are gaining traction with FIs offering mRDC; and
  • the most up-to-date data on duplicate deposits, calculated as the industry’s Duplicate Loss Rate.
 
“As the leading resource for RDC news, information and services, RemoteDepositCapture.com is uniquely positioned to present the mRDC Industry Study. Now in its fourth year, the study reveals how banks and credit unions are successfully deploying mobile deposit and containing risks,” said Leekley. “Insights gleaned from the study will help financial institutions benchmark their mobile deposit offerings against those of their peers, and to evolve strategies for pricing, managing risks and expanding adoption.”
 
Results & Insights from the 2017 Mobile RDC Industry Study, a 90-minute webinar, was recorded on October 12 and is now available for viewing at the RemoteDepositCapture.com On-Demand Webinar Library. Paid members of RemoteDepositCapture.com have free access to the webinar; the cost to nonmembers is $299. A comprehensive report detailing study findings will be available for sale in coming weeks.
 
Click here to learn more about and view Results & Insights from the 2017 Mobile RDC Industry Study. If you’re not a paid member of RemoteDepositCapture.com already, consider becoming a member to gain free and unlimited access to this and other informative webinars, reports and tools. Click here to learn more about membership, and become a member today.


 
 
 
 
 


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