Remote Deposit Capture RSS Feed
Remote Deposit Capture Newsletter
Remote Deposit Capture Group on LinkedIn
Remote Deposit Capture Group onTwitter
The Green Sheet

Email Page 
Print Page 
 Add to LinkedIn Add to Twitter Add to Facebook Add to Reddit Add to StumbleUpon 
Add to Tumblr
Poll Central: Benefits of RDC Continue to Outstrip Risks and Costs

Tuesday, June 20, 2017 (RemoteDepositCapture.com / Patti Murphy)

Financial institutions are quite optimistic about remote deposit capture, with an overwhelming majority believing the benefits far outweigh risks and costs.
While nearly everyone with a stake in the business concedes remote deposit capture does create opportunities for risks – such as accidental duplicate deposits and outright frauds – there is an overwhelming consensus among financial institutions that these are not show stoppers. Nor are the costs associated with offering RDC services. Among FIs responding to a year-long poll at RemoteDepositCapture.com, 96% agree the benefits of RDC outweigh the risks, specifically, more than 3 out of 4 (76%) said the benefits of RDC “far outweigh” the risks and costs; 20% said the benefits “marginally outweigh” the risks and costs.
 
Poll Central, a feature of RemoteDepositCapture.com, invites input from members and other visitors on issues related to RDC. The polls are ongoing, with a specific question featured each month. Results published each month draw on responses collected over a total of 12 months to that month’s featured question. This month the featured question was: Do you believe the benefits of RDC: far outweigh the risks and costs; marginally outweigh the risks and costs; do not outweigh the risks and costs?
 
A total of 225 FI executives responded to the question between May 2016 and mid-May 2017, and of those just 4% indicated the benefits of RDC do not outweigh the risks and costs. The results mirror closely the responses reported for the same poll question last year, when a total of 98% of participating FIs said the benefits either marginally or far outweigh the risks and costs. There has been a slight shift, however. As the accompanying charts indicate, with the share of FIs responding that the benefits far outweigh risks and costs actually fell slightly from 2016.
 
 
 

 
This shift may be due in part to the fact that more FIs are offering RDC, explained John Leekley, Founder and CEO of RemoteDepositCapture.com. “We have learned from the mRDC Industry Study, which is now in its fourth year, that the longer a bank or credit union offers mRDC the greater the perceived benefits,” Leekley noted. (Click here to participate in mRDC Industry Study if you haven’t already.) “Many FIs, especially community banks and credit unions, are new to RDC in its various iterations and may not yet be able to fully quantify financial and other benefits associated with RDC. I suspect this change in overall attitude reflects growing participation in the polls by FIs that are new to the RDC game.”
 
RemoteDepositCapture.com is the de facto trade association for the RDC community. Thousands of unique visitors come to RemoteDepositCapture.com each month to learn and exchange ideas about RDC and payments. Poll Central, one of many unique features of RemoteDepositCapture.com, offers insightful intelligence on factors shaping RDC and the marketplace generally.
 
Visit Poll Central
Various industry polls are available via Poll Central. The poll question featured in this story has been reset and can be taken again: “Do you believe the benefits of Remote Deposit Capture...Far Outweigh the Risks and Costs. Marginally Outweigh the Risks and Costs. Do NOT outweigh the risks and costs.”
 
Click here now to be taken to Poll Central and participate in the various polls including our latest featured query “What are the most important capabilities of an Integrated Receivables Solution?”
 


Email Page 
Print Page 
 Add to LinkedIn Add to Twitter Add to Facebook Add to Reddit Add to StumbleUpon 
Add to Tumblr





Please register/login to post comments