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Mid-December Release date expected. As soon as the guidance is issued, RemoteDepositCapture.com will post full details on our homepage. Site visitors are encouraged to view the free webinar on RDC Risk Manageent Best Practices, join the discssion and add your comments.
(RemoteDepositCapture.com, 12/03/2008)
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The solution is targeted to small businesses with low volumes of incoming checks and to financial institutions that want to quickly deploy a custom-branded remote deposit solution to their client base.
(RP Solutions, Inc., 12/02/2008)
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PASP members are certified by Panini to perform warranty and maintenance repairs for Panini’s market-leading check scanners.
(Panini , 12/02/2008)
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ITMS transaction volumes averaged 3.12 million items per week during the fourth quarter of 2008, compared to 1.76 million items per week in Q4 2007, and 2.75 million items per week during Q3 2008.
(RDM Corporation , 11/27/2008)
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Open Solutions will utilize Panini’s Vision X™ check scanner to offer a comprehensive, scalable solution for remote deposit and branch image capture to its bank and credit union clients.
(Panini, 11/25/2008)
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By providing a royalty free and open source image capture API and Data Source Manager that supports 64 bit, Unix and Linux, TWAIN is paving the way for the Imaging industry to embrace the next generation of technology.
(The TWAIN Working Group, 11/24/2008)
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Sierra Xpedite Retail Remote Deposit is a browser-based client application built to meet the specific needs of small volume depositors. The solution facilitates the cost effective deployment of RDC and includes support for commercially available flatbed and multi-function (print, scan, copy, fax) scanning devices many users already have.
(Goldleaf Financial Solutions, Inc., 11/24/2008)
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The Panini Vision X now offers state-of-the-art ultrasonic double document detection technology and the ability to read magnetic stripe data.
(Panini, 11/18/2008)
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Ideal for front and back-counter processing as well as retail, commercial, remittance and remote deposit capture, the LS150 leverages the latest technology to achieve the highest throughput and enhanced image resolution.
(CTS, 11/18/2008)
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Orion permits merchants to accept and electronically process not only credit cards, debit cards, loyalty cards, EBT and gift cards but also scan checks for Check 21 image processing, all with a single device. It simplifies payment processing for merchants and offers ISOs an opportunity for incremental check services revenue.
(RP Solutions, Inc., 11/17/2008)
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MyECheck Inc., announced that it has signed the California State Teachers' Retirement Fund (CalSTRS) as a customer to their Check 21 patented software.
(MyECheck Inc. , 11/17/2008)
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Fiserv, Inc. today announced that BB&T Corporation, has rolled out the Fiserv Branch Source Capture solution. BB&T implemented the solution at more than 330 branches, allowing it to realize transportation cost savings and item processing equipment and labor reductions.
(Fiserv, Inc., 11/17/2008)
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While the current Financial Crisis is having a severe impact upon the economy and banks’ investments in new projects and technologies, a growing number of financial institutions have identified RDC as a must-have to survive and thrive.
(RemoteDepositCapture.com, 11/14/2008)
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Cost-effective equipment leasing program enables banks and credit unions to capitalize on RDC opportunities independent of the initial capital investments historically required to purchase check scanners and the ongoing hardware management and support.
(Jack Henry & Associates, Inc. , 11/13/2008)
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J&B Software will offer their customers the next generation in check scanning with Panini’s market-leading Vision X™. The Panini Vision X has been certified by J&B Software to work with their web based remote capture solution, eCapture.
(Panini, 11/11/2008)
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With iStream’s added technology to SchoolLeader, childcare centers can now conveniently transmit RDC and ACH payments to their bank account directly.
(iStream Imaging, 11/11/2008)
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October Highlights: Average daily volume of 24.9 million items, an increase of 67.1% compared to a year ago. 549.4 million check images, a 67.1% increase compared to a year ago. $816.3 billion in dollar value, a 52.4% increase compared to a year ago.
(SVPCO, 11/10/2008)
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FISC first offered Remote Deposit Capture to its clients, primarily New England-based financial institutions, in 2007. The service, FISCorporate, allows merchants to make daily check deposits using a scanner in their office rather than making a special trip to their financial institution.
(FISC, 11/09/2008)
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Remote check capture becomes more like a card payment. “Think of a debit card transaction,” says Mario Villarreal, president and chief operating officer at US Dataworks. “... you swipe it and [the transaction] goes somewhere. It’s the same here.” In this case, the “somewhere” is US Dataworks’ Clearingworks platform.
(Digital Transactions, 11/06/2008)
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The IDV software will be an optional upgrade to the Image Qualifier IQX97-OCR software and will allow users to test designs and images before they are printed.
(RDM Corporation, 11/04/2008)
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Legal bloggers are already debating if this decision spells the end of State Street, the seminal court case from a decade ago which established the patentability of process methods – and which the appeals court was revisiting through its en banc hearing on Bilski.
(Bank Technology News, 11/03/2008)
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The report, State of Remote Deposit Capture 2008 - Sprint Becomes a Marathon, provides a comprehensive analysis of remote deposit capture (RDC) adoption and solution evolution and claims a total RDC installed based of 382,000 users today, and may grow to as many as five million capture points by 2014.
(Panini, 10/30/2008)
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Opportunity rather than any specific problem prompted Mercantile Bank & Trust Co. ($139 million in assets) to embrace remote deposit capture (RDC). "When we started reading about this, our reaction was, 'Holy cow! It looks like a no-brainer,'" relates Joe Nicotera, the bank's SVP.
(FinanceTech.com, 10/29/2008)
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WAUSAU Financial Systems (WFS), a leading provider of payment and receivables processing solutions, will now offer its customers the next generation in check scanning with Panini’s Vision X™ check scanner.
(Panini, 10/28/2008)
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The CPA concluded that the enhancements to efficiency that had been originally anticipated would not be fully realized due to implementation delays and the ongoing evolution of the marketplace towards electronic payments.
(The Canadian Payments Association, 10/24/2008)
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Financial institutions that become Member Banks for RAPID CAPTURE SOLUTIONS from Kodak will be selected by depositing companies. Early next year, Kodak will begin promoting the service to attract companies to subscribe. Member Banks will have control over selecting depositors.
(Kodak, 10/20/2008)
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Goldleaf's Sierra Xpedite Payment Web Services solution is a service-oriented interface that allows financial institutions to fully integrate deposit taking functionality into any web-based applications including online banking solutions and Internet portals.
(Goldleaf Financial Solutions Inc. , 10/20/2008)
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Epson’s GT-S80 scans both sides of a document in just one pass and can easily handle multi-sized documents – from card size to 8.5 x 36 inches – allowing you to scan a stack of documents in its 75-page auto document feeder, at speeds up to 40 pages per minute.
(Epson, 10/19/2008)
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Deposit / location identification, centralized monitoring, additional scanner support, enhanced reporting, improved image recognition rates and compatability with Windows Vista are just a few of the new enhancements.
(SunTrust, 10/16/2008)
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The past year has seen remarkable remote deposit capture solution adoption among midsize banks, community banks, and credit unions. By the end of 2008, two-thirds of all US banks and 40% of all US financial institutions will have adopted RDC.
(Report Published by Celent, 10/15/2008)
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Average daily volums were 24.8 million items, an increase of 85% compared to a year ago. 522.1 million check images were processed, a 104.4% increase compared to a year ago. $807.5 billion in dollar value was prcessed, an 88.7% increase compared to a year ago.
(SVPCO, 10/08/2008)
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Mitek's Mobile Deposit's Check 21 compliant solution adds mobile RDC functionality to J&B's Remote Image Capture software, allowing checks to be deposited from an end user's camera equipped mobile phone.
(Mitek Systems, Inc. , 10/06/2008)
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Critical steps toward ensuring an appropriate risk / reward outcome are understanding the new Remote Deposit Capture risk environment, being aware of the technologies, processes, and legal / regulatory capabilities, learning of actual events and experiences from througout the industry and implementing best practices.
(RemoteDepositCapture.com, 09/29/2008)
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NetDeposit has partnered with Panini to offer its customers the next generation in check scanning with Panini’s Vision X™ check scanner.
(Panini, 09/23/2008)
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The agreement enables Metavante to offer Panini’s market-leading Vision X™ check scanners to its banking clients for remote deposit and branch image capture.
(Panini, 09/18/2008)
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WAUSAU Financial Systems announced today that one of the northeast’s largest utility companies, Public Service Electric & Gas, has selected WAUSAU Financial Systems as its receivables processor and will utilize the industry-leading application, ImageRPS. WFS is the industry leader in distributed payments and receivables processing solutions.
(WAUSAU, 09/18/2008)
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“Even as most US financial institutions have invested in commercial RDC solutions, few have made the leap to offer such capability to consumer and micro business segments – but that is changing. Led by multiple credit union implementations in 2008, Celent expects targeted bank adoption to follow in 2009,” said Bob Meara, Senior Analyst, Celent.
(VSoft Corporation, 09/16/2008)
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Bank of America today announced the launch of a new web-based application to provide clients with quick and convenient access to its Remote Deposit Service anywhere in the world through a consistent, on-line user interface.
(Bank of America, 09/16/2008)
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ARC generated 669.8 million transactions in the second quarter, down 4.8% from 703.8 million in the first quarter and up only 2.7% from 652.4 million in 2007’s second quarter. That’s in sharp contrast to ARC’s 24% growth rate in all of 2007.
(DigitalTransactions.net, 09/12/2008)
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"August was another strong month for the SVPCO Image Payments Network, with the addition of two more financial institutions and a strong year-over-year increase in average daily volume," said Susan Long, Senior Vice President of The Clearing House, responsible for SVPCO.
(The Clearing House , 09/10/2008)
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A settlement between Bank of New York Mellon Corp. and DataTreasury Inc. was announced late last week and followed recent settlements with City National Bank and Compass Bancshares Inc. The settlements leave 47 defendants in cases DataTreasury has filed since 2002.
(DigitalTransactions.net, 09/09/2008)
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The trend in online banking is remote deposit capture, which allows users to deposit checks in their accounts without leaving their desks. With this technology, an image of the check is sent electronically. "RDC will be the application that drives businesses to online banking," said Cary Whaley of the Independent Community Bankers of America.
(NewsFactor.com, 09/05/2008)
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Remote deposit capture (RDC) has the potential to radically alter the competitive lay of the payments landscape. No big surprise there. What may surprise some folks, however, is the scope and breadth of new business opportunities created by RDC.
(RemoteDepositCapture.com, 08/26/2008)
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TASQ has been certified to provide in warranty and non-warranty repair service for RDM’s check scanning equipment in the United States.
(RDM Corp., 08/22/2008)
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SVPCO, the paper and electronic check exchange business of The Clearing House Payments Company L.L.C., today reported that the SVPCO Image Payments Network posted record monthly volume in July, including a one-day milestone of 38 million items.
(The Clearing House Payments Company, 08/12/2008)
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Sea Tow Services International Inc. selected Goldleaf’s remittance processing solution to automatically handle the processing of payments and coupons received from its membership of more than 170,000 recreational boaters.
(BUSINESS WIRE, 08/06/2008)
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Heartland Payment Systems, a leading provider of credit/debit/prepaid card processing, payroll, check management and payments services, has integrated alphanumeric remittance ID tagging into its remote deposit capture solution – making it even easier for businesses to efficiently handle check payments.
(Heartland Payment Systems, 08/05/2008)
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18 percent of Tompkins remote deposit clients were depositing at other institutions prior to enrolling for their solution.
(Goldleaf Financial Solutions, Inc. , 07/31/2008)
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The remote deposit capture market represents an excellent long-term opportunity, although the rate of deployment has slowed this year with U.S. banks being distracted by credit-related issues.
(RDM Corporation, 07/31/2008)
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The check deposit feature will initially be available only to holders of eligible Wells Fargo business banking accounts. Earth Class Mail plans to integrate with other major banks in the near future.
(Earth Class Mail Corp., 07/30/2008)