ARTICLES 

Browse through our library, search by title or filter by topic.

Mobile RDC: Growing Adoption by Commercial Organizations

Remote Deposit Capture (RDC) began as a business-only product using dedicated check scanners. Consumers gained access to RDC when banks began offering check deposit to retail customers in Mobile Banking by swapping out the dedicated check scanner for the smartphone camera. The spotlight is back on Business RDC as commercial organizations are increasingly requesting Mobile RDC as a treasury management solution.

New research released in May 2014 by Mitek Systems, Inc. (holder of mobile imaging patents) and RemoteDepositCapture.com found that 63% of the 250 banks surveyed offer mobile check deposit with 37% of them providing mobile check deposit to corporate clients.

The value proposition for RDC extends to business segments that were otherwise not good candidates for traditional RDC even though they accept check payments. Research shows demand for Mobile RDC by businesses that deploy field sales or service employees, non-profit organizations, property management firms and home businesses.

Key features for Business Mobile RDC include capture of accounts receivable information, centralized payment review and reporting. As with Corporate RDC, convenience and accelerating the deposit of the check and funds availability is a key driver with Business Mobile RDC.

Filter by Topic(select one)

  • ACH Payments

    Who manages the ACH Network? What is same-day ACH and is it mandatory?...

  • Check Imaging

    Are checks going away in the US? What are other countries doing with paper checks?...

  • Receivables

    What are the current trends with consumer bill payments?  How will the USPS changes affect us?...

  • Risk Management

    Is payments fraud on the rise? Where are the highest risks and what can we do?...

  • Payments Infrastructure

    What are the latest scanner introductions? Is a Virtual Environment right for me?...