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The Green Sheet

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RDC: A Pulse on the Market

Thursday, December 28, 2017 (RemoteDepositCapture.com / RemoteDepositCapture.com)

Remote deposit capture growth continues unabated, driven largely by mobile and small business opportunities. As the market expands RDC solutions are evolving to focus more on data, risk and compliance, and less on specific payment types.
It’s been stated before, but it warrants repeating: remote deposit capture is a home run for financial institutions and their customers. The latest estimates put the number of customers using FIs’ mobile RDC offerings at 80 million, desktop RDC scanners in the market top 2 million and there are about 1 million scanners capturing check deposits at FI branch locations throughout the U.S. But, to follow through on the baseball analogy, the game isn’t over.
 
“This is still a very young industry poised for substantial growth,” said John Leekley, Founder and CEO of RemoteDepositCapture.com. In fact, polls taken by RemoteDepositCapture.com indicate the market for RDC could double or triple in size. “There are a lot of opportunities to be seized,” he added.
 
In Pulse on the Market – December 2017, a webinar just added to the RemoteDepositCapture.com Webinar library, Leekley reviews and analyzes the transformation in banking that has been ushered in by RDC. The presentation includes up-to-date data on adoption (consumer, small business, and FIs offering), the perceived value of offering RDC, risk/ benefit perceptions, and fraud experiences. Plus it addresses hot-button issues that are shaping the evolution of RDC, like mobile deposit, pending changes to Regulation CC, risk management and compliance, new market opportunities, leveraging data, integrated receivables, and fully-electronic checks.
 
“We’ve seen RDC evolve over the past decade from a sole focus on truncating paper checks to a broader focus on payments automation,” explained Leekley. “Now we’re witnessing an evolution in the underlying systems that support RDC. With these evolving systems the focus is more on data, risk, compliance and actionability, and less upon a specific payment type.”  
 
Pulse on the Market – December 2017 is an hour-long presentation available for viewing on demand now in the RemoteDepositCapture.com Webinar Library. Paid members of the RemoteDepositCapture.com community can view the webinar for free; the cost to non-members is $149.
 
Click here now to learn more about, and view, Pulse on the Market – December 2017. And consider becoming a RemoteDepositCapture.com Member. Members receive unlimited access to website content, including RDC Insider news and analysis, as well as discounted or free access to all RemoteDepositCapture.com webinars and events. An individual membership for financial institutions is just $599.

 
 


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