By Michael Scheibach, Executive Editor, BankNews
Remote deposit capture (RDC) has been around for a few years now, primarily as a tool used by mid-sized and larger businesses for making check deposits. As technology has driven down the cost of scanners, however, smaller businesses have adopted RDC; and, in turn, smaller community financial institutions have responded by introducing RDC. Credit unions have been at the forefront of mobile RDC, which is being adopted quickly not only by the younger, smartphone-savvy generation, but also by independent contractors and smaller businesses. As this trend gathers momentum, community banks are beginning to see the merits of offering RDC for both consumers and businesses.
The point is, RDC is becoming an essential tool for businesses and a value-added service for consumers. For community banks -- and credit unions -- RDC is an important offering that can helps retain customers, attract customers, reduce costs and generate revenue.
If your community bank currently offers RDC, I'd like to hear from you. You can email me or call me at 913-261-7072.
And I recommend all community financial institutions -- both those currently with RDC and those looking to add RDC -- to attend the RDC Summit 2012, being held September 26-28 in Orlando. The theme of this year's convention is Remote Deposit Capture: Evolution.
For more information, visit www.RDCSummit.com.