Remote Deposit Capture Market

Remote Deposit Capture Market

  • Submitted By: hawer
  • Date Submitted: 08/28/2015 6:13 AM
  • Category: Technology
  • Words: 1057
  • Page: 5

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RDC is a three-step method of scanning the digital image, check, verifying it and then depositing it into the bank. It
minimizes the time needed to deposit checks and at the same time facilitates savings, thereby removing the need of
buying deposit slips, photocopying checks, engaging employees for depositing checks, and various other business
activities. RDC also includes intelligent document and character recognition, ability to feed internal systems, data
management through business rules, smart clearing capabilities which is further adding value to the banking
industry. Presently, the basic requirement for an RDC service includes a check scanner, an internet connection, a
personal computer (PC), and a service provider such as the current bank. Checks which are received at the bank or
corporate location are scanned to create a digital deposit. Then this digital deposit is transmitted to the concerned
RDC bank or service through an encrypted internet connection. The RDC service allows for the checks to be
truncated and cleared electronically. Hence, RDC service provides better convenience, deposit availability and low
transportation cost and risk in the check deposit process.
Browse the full Remote Deposit Capture Market report at
The rising benefits of merchant RDC such as same day...

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