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Remote deposit capture (RDC) is a service that allows business customers to scan checks and transmit the scanned images and/or ACH data to a bank for posting and clearing. Remote capture has moved the check-processing function from centralized bank operations directly to the business customer. Electronic deposits are created using image technology.
The business customer is responsible for balancing the deposit dollar amount to the checks before transmitting the deposit to the bank electronically (the system will automatically recognize the check amounts, typically with a high degree of accuracy). The business customer receives an electronic acknowledgment of the deposit and the checks are truncated (retained by the customer) for later destruction. A key benefit of RDC is the customer does not have to go to the bank to make a deposit; plus, they get same-day credit for checks deposited late in the day. Both the business customer and the bank can benefit from remote deposit capture services.
CUSTOMER BENEFIT:
* Minimal investment in technology
* Quicker investment of available funds
* Improved end of month/quarter processing
* Greater employee productivity
* Reduced time spent on deposit preparation and presentment to the financial institution
* Fewer depository accounts and reduced fees
* Faster access to information and improved decision-making capabilities
* Improved availability and enhanced cash flow
* Later deposit cutoff times and faster funds availability
* Reduced return item (NSF) risk
* On-site remittance research capability
BANK BENEFITS:
* Improved customer relations and customer retention
* Reduced courier fees,...