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Opportunities loom large for financial institutions to grow and prosper by offering mRDC to small businesses. Mobility helps drive the business case.
(RemoteDepositCapture.com, 06/30/2015)
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Remote deposit capture has come a long way in just a few years. So, too, have the underlying technologies and solutions.
(RemoteDepositCapture.com, 06/18/2015)
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Remote deposit capture has made significant inroads over the past 10 years, yet there remain ample opportunities for growth. Results of a poll of visitors to RemoteDepositCapture.com suggest growth in the RDC user base will more than double before all potential users are up and running with RDC.
(RemoteDepositCapture.com, 06/15/2015)
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The move to chip cards is generating new concerns about check fraud, and renewed interest in tools for spotting fraud attempts before they result in losses.
(RemoteDepositCapture.com, 06/05/2015)
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The adoption curve for mobile remote deposit capture has been unlike any other product innovation in modern banking. It also has the potential to be a money maker for banks and credit unions, based on a poll conducted by RemoteDepositCapture.com earlier this year.
(RemoteDepositCapture.com, 06/03/2015)
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Dire warnings to the contrary, there is an emerging consensus that allowing customers to use their smart phones and tablets to deposit checks has not led to a surge in fraudulent deposits at U.S. financial institutions.
(RemoteDepositCapture.com, 05/07/2015)
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The ACH continues to add transactions volume, driven primarily by electronic payment initiatives. Check conversion applications, however, are falling and at a faster pace than the overall decline in check writing, suggesting that RDC is displacing the ACH as a preferred platform for electronifying check payments.
(RemoteDepositCapture.com, 04/27/2015)
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RDC adoption has been on a roll. Nearly all financial institutions in the country now use RDC for branch capture, nearly all deposit-taking ATMs are equipped with check image capture devices, and about half of all banks and credit unions now offer RDC to commercial customers.
(RemoteDepositCapture.com, 04/20/2015)
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As remote deposit capture services continue to develop and adoption expands, hardware manufacturers look to enhance the value prop delivered to financial institutions and their customers.
(RemoteDepositCapture.com, 04/02/2015)
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Mobile banking is no longer a one-off product, as evidenced by a new report from the Federal Reserve Board. The report shows mobile remote deposit capture adoption is progressing at a rapid clip.
(RemoteDepositCapture.com, 03/27/2015)
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The risk that someone who deposits a check using remote deposit capture might deposit the check again (deliberately or by accident) or cash the check at a local check cashing store is real, but it’s not a show stopper. That’s the word from the Federal Reserve.
(RemoteDepositCapture.com, 03/19/2015)
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The cost of accepting consumer mobile deposits at JPMorgan Chase is 3-cents; each deposit accepted at a teller window costs the bank 65-cents. So, in a cost-cutting move Chase plans to shutter 5% of its branch locations and ramp up its digital footprint. Despite branch closings, analysts agree face-to-face engagement remains important.
(RemoteDepositCapture.com, 03/04/2015)
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“Commercial mobile RDC is not a one-size-fits-all type of product,” Harry Rose, Vice President at RDM Corporation, said in kicking off the latest RemoteDepositCapture.com webinar – Expanding your Corporate Footprint through Mobile Remote Deposit Capture.
(RemoteDepositCapture.com, 03/03/2015)
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Join us as we take a look back at 2014 and predict what 2015 will bring. This special report highlights industry trends and the views of visionaries, experts and pioneers in the RDC space. From mobile RDC to lockbox, to risk, fraud and compliance, to millennials and corporate adoption – we’ve got it covered in this special report.
(RemoteDepositCapture.com, 02/27/2015)
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Mobile banking is on a tear, driven by apps like mobile check deposit and better integration with Apple smart devices.
(RemoteDepositCapture.com, 02/26/2015)
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While mobile remote deposit capture has been hugely popular with consumers, commercial applications have been limited. That’s starting to change with the “consumerization” of mobile deposit. Mitek aims to respond with a new commercial mobile RDC offering.
(RemoteDepositCapture.com, 02/20/2015)
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Mitek CEO James DeBello predicts 50% of U.S. financial institutions will roll out mobile deposit offerings for business customers this year. He also expects additional consumer applications that leverage mobile imaging to make major inroads in what could be a $7 billion market by 2017.
(RemoteDepositCapture.com, 02/04/2015)
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One recent example involves a credit union with $4 million in assets, charged with money laundering activities that included billions of dollars in checks remotely deposited from countries in Central America and the Middle East – countries the federal government deems high-risk for money laundering.
(RemoteDepositCapture.com, 01/12/2015)
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The Pew Charitable wants to see more uniformity in how mobile RDC is marketed to consumers and urged financial institutions and prepaid card companies that offer mobile check deposits to do a better job of disclosing terms and conditions of those services.
(RemoteDepositCapture.com, 12/30/2014)
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Duplicate deposits need not be a problem, with the right tools and a rational approach to setting customer deposit limits. This was a key take away from “Mobile Deposit Risk Tools Tutorial,” a Technology Showcase presented by Mitek at the RDC Summit 2014.
(RemoteDepositCapture.com, 12/19/2014)
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The check payment system in the United States has been totally re-engineered over the past 10 years, thanks in large part to the Check 21 Act. It’s an amazing accomplishment, and one that is being replicated in other countries.
(RemoteDepositCapture.com, 12/17/2014)
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If there was one salient message to come out of the RDC Summit 2014 it was that FIs and their technology providers are serious about controlling check fraud. During a series of Technology Showcases, several fraud solutions were described and demonstrated. Solutions like FraudOne a real-time verification tool from SOFTPRO N.A. – A Kofax Company.
(RemoteDepositCapture.com, 12/15/2014)
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The road to a better and faster payments system does not require us to recreate the wheel. Instead, we could optimize a proven and ubiquitous system used today.
(RemoteDepositCapture.com, 12/12/2014)
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Small businesses represent some of the greatest potential for financial institutions to grow their RDC businesses. Not all small businesses are the same, however. Neither are their RDC requirements.
(RemoteDepositCapture.com, 12/10/2014)
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When the AAA division serving North and South Carolina decided to bring member payment processing in house, after years of outsourcing, it was able to cut rather than grow staff assigned to payment processing. AAA Carolinas discussed the feat, along with its solution partner, Infoscore, during a Technology Showcase at the RDC Summit 2014.
(RemoteDepositCapture.com, 12/08/2014)
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Data sharing is one way to combat duplicate deposits of checks. But it took banks and credit union time to warm up to the idea.
(RemoteDepositCapture.com, 12/05/2014)
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There may not yet be a “body of case law” on remote deposit capture. But there are lessons that can be taken from legal disputes involving automated deposits, such as what constitutes reasonable commercial standards.
(RemoteDepositCapture.com, 12/03/2014)
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The saying “The best way to learn is from others’ mistakes” is perhaps nowhere more apt than in financial risk management, audit and compliance. With that in mind, Payments Space Advisors offered some revealing insights from problems uncovered in RDC compliance and audit reviews during a session at the RDC Summit 2014.
(RemoteDepositCapture.com, 12/01/2014)
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A multi-layered, enterprise approach to risk management is more than just a good idea. It has become a prerequisite for regulatory compliance at financial institutions large and small. Last week, executives from Iberia Bank in LA and SouthPoint Bank in AL discussed the implications of this for their remote deposit capture product offerings.
(RemoteDepositCapture.com, 11/25/2014)
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Knowledge is power, so long as it’s not static. That’s why KYC needs to be an upfront and ongoing process. Ditto for risk management. RemoteDepositCapture.com discussed these needs along with some products and technologies that can help FIs to better manage remote deposit capture risks.
(RemoteDepositCapture.com, 11/21/2014)
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Most financial institutions developed RDC services for different market segments without much interaction across institutional silos. The result? Fragmented RDC systems that often can’t share critical information across the organization. VSoft Corporation addressed this dilemma during a Technology Showcase at the RDC Summit 2014.
(RemoteDepositCapture.com, 11/19/2014)
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For small businesses, the simplicity of mobile- and tablet-based RDC beats the cost and complexity of scanners, leading to an anticipated surge in adoption.
(RemoteDepositCapture.com, 11/13/2014)
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Cachet Financial Solutions is working to help financial institutions separate fraud detection from end-of-the-day core processing routines, bringing risk mitigation to the fore.
(RemoteDepositCapture.com, 11/12/2014)
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Techniques for managing RDC risk are proliferating and becoming more integrated with enterprise-wide systems. That trend was discussed, along with other steps for improving RDC risks, at the RDC Summit 2014 during an in-depth session titled “RDC Risk Management in 2014.”
(RemoteDepositCapture.com, 11/10/2014)
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Deluxe Corporation, a company steeped in the world of paper checks, announced last week its purchase of WAUSAU Financial Systems, which specializes in check and remittance processing solutions. The move is expected to help Deluxe offset the impact of declining check volumes and enable WAUSAU to build out its product sets.
(RemoteDepositCapture.com, 11/07/2014)
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The first-ever survey of mobile RDC risk perceptions shows a surprising connection between fraud loss and increased comfort levels with risk. Results of the 2014 Mobile Remote Deposit Capture Risk Study, conducted by RemoteDepositCapture.com, were revealed last month at the RDC Summit 2014.
(RemoteDepositCapture.com, 11/06/2014)
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The potential for duplicate deposits has spawned a lot of dialogue, even though duplicates have yet to emerge as a deal breaker for RDC, mobile RDC in particular. This week, Mitek announced the addition of a new restrictive endorsement validation feature to its mobile imaging solution, further allaying concerns about the risk of duplicate deposits.
(RemoteDepositCapture.com, 11/05/2014)
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While remote deposit capture poses risks, not all risks are created equal. So it follows that risk assessment and abatement programs will vary by institution, customer segments and other factors. That was a key message at an RDC Summit 2014 session titled “Data and Analytics: Taking RDC to the Next Level.”
(RemoteDepositCapture.com, 10/31/2014)
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What does the branch of the future have in common with Apple Stores? Potentially quite a lot. Moreover, remote deposit capture could play a crucial role in the transformation of branches to “feel” like Apple Stores, according to a vision presented at the RDC Summit 2014 by electronic banking pioneer David Peterson.
(RemoteDepositCapture.com, 10/29/2014)
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The flexibility of mobile RDC is turning banks into problem-solvers for their business clients instead of product-pushers.
(RemoteDepositCapture.com, 10/27/2014)
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Get aggressive about selling RDC. Marketing, training and re-pricing are a few of the strategies that can be leveraged to success, experts explained during an RDC Summit 2014 session titled Success in Marketing & Selling RDC.
(RemoteDepositCapture.com, 10/23/2014)
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Two years into its mobile RDC rollout, SunTrust has made addressing customer concerns and complaints a key aspect of its operating model.
(RemoteDepositCapture.com, 10/22/2014)
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The future looks bright for RDC with advancements on multiple technology fronts driving new and improved applications.
(RemoteDepositCapture.com, 10/20/2014)
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Two large banks achieved their goals and then some when they rolled out RDC. But that doesn’t mean they don’t have a few small regrets about the process.
(RemoteDepositCapture.com, 10/16/2014)
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Who says remote capture is just for checks? At the RDC Summit there was plenty of discussion about potential new uses for remote capture technologies. Mobile payments, for example.
(RemoteDepositCapture.com, 10/15/2014)
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ECCHO helped open the RDC Summit 2014 last week with some insightful direction for financial institutions on dealing with issues related to duplicate check presentments.
(RemoteDepositCapture.com, 10/07/2014)
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The Federal Reserve presented its vision for the future of payments to a somewhat skeptical audience at the RDC Summit 2014.
(RemoteDepositCapture.com, 10/03/2014)
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Reports of the death of checks and by extension corporate lockbox services are greatly exaggerated. After all, 7 out of 10 U.S. companies still issue checks to pay vendor invoices.
(RemoteDepositCapture.com, 09/23/2014)
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The American Bankers Association has just published results of a survey illustrating the migration of consumer deposit activities to the mobile channel. While only about 13% of Americans are using mobile deposit today, those who do tend to be “regulars.”
(RemoteDepositCapture.com, 09/18/2014)
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Smartphones are revolutionizing the way Americans conduct their financial lives. The trend may have begun with using the devices for mobile remote deposit, but a range of other financial applications are now leveraging mobile and remote capture technologies to automate and improve customer service.
(RemoteDepositCapture.com, 09/05/2014)