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Special Report on

Remote Deposit Services

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Remote deposit is the concept of depositing checks into a person’s or organization’s bank account. The key feature of this process is that a person does not need to go the bank to deposit the check. The check can be deposited from home or work with help from remote depositing services. This process is generally accomplished by making use of scanners, eradicating the need to submit the check to the bank. The scanned image will be presented to the bank, which will then be transferred to a computer completing the deposit. Remote deposit services are legal and commonplace in most states. Businesses with lots of ...
refers to the ability to deposit checks into a bank account from one's home or office without having to physically deliver the actual check to the bank. This is typically accomplished by scanning a digital image of a check onto a computer, then transmitting that image to the bank--a practice that became legal in the United States in 2004 when the Check Clearing for the 21st Century Act (or Check 21 Act ) took effect. This service is typically used by businesses, though a remote deposit application for consumers has been developed and has begun to be implemented by a handful of banks. It should not be confused with:
Douglas County Bank Chooses Goldleaf for ACH Remote Deposit
Goldleaf Technologies, Inc., a leading provider of Web-based ACH origination and check automation solutions, announced today that Douglasville, GA-based Douglas County Bank has chosen its Goldleaf ACH and Remote Deposit Express solution to equip business customers with both Web-based ACH origination and check conversion/truncation/submission capabilities. We have a long history of being a leader in new customer service technologies," says Billy Mayhew, President of Douglas County Bank. We were the first to offer an ATM in the county, the first to offer late night drive-in windows, and the first to offer imaged ... market research, surveys and trends
Remote Deposit Capture Vendors: Crossing the Chasm
Remote deposit capture has been greeted with astonishing interest and rapid adoption. Remote deposit capture has altered the deposit services landscape. Widespread adoption of remote deposit capture is close at hand, according to a new Celent report, Remote Deposit Capture Vendors: Crossing the Chasm . There is no longer any question concerning the competitive imperative for institutions to implement remote deposit capture technology which is now a �must have.� In just 18 months, remote deposit has evolved from a novel concept to a reality with hundreds of financial ... market research, surveys and trends


Fiserv - Fiserv Introduces Remote Deposit Module Enhancements to ...
BROOKFIELD, Wis., Apr 27, 2006 (BUSINESS WIRE) -- Fiserv, Inc. (Nasdaq:FISV) announced the recent successful launch of the latest generation of enhancements to its Web-based remote deposit technology. These enhancements will directly benefit the clients of financial institutions that utilize Fiserv BANKLINK, Fiserv Item Processing and Fiserv VISION solution sets. With these enhancements, the business customers of financial institutions that facilitate transactions through remote deposit will find their workflow further streamlined through use of advanced filter, print and zoom capabilities, as well as entitlement-driven user ... industry trends, business articles and survey research
2007 AFP Payments Fraud Survey
67 percent for those with revenues under. $1 billion). .... None report fraud associated with remote deposit services. Thirty-six percent of organizations ... industry trends, business articles and survey research
Chase Weighs in With Its Remote Capture App for the iPhone
(July 6, 2010) JPMorgan Chase & Co. burst onto the consumer mobile remote deposit capture stage in a big way last week when it unveiled an updated online-banking app for Apple Inc.’s iPhone and iPod touch that facilitates remote capture and, for added measure, person-to-person payments. The application makes Chase the biggest bank now offering mobile consumer remote capture, a market dominated throughout its short history by specialty financial-services provider USAA Federal Savings Bank. New York City-based Chase has 25 million demand-deposit accounts held by 20 million customers and already offers PC-based remote deposit ... market trends, news research and surveys resources
Bluepoint Solutions Launches Mobile Remote Deposit Capture
Powered by Mitek Systems patented IMagePROVE technology, Bluepoint Solutions QwikDeposit Mobile Capture application completes Bluepoint’s existing suite of Check 21 capture points. “We think of Mobile Deposit as the ‘Gold Standard’ in mobile RDC because of the acceptance of our application by all the major integrators and ASPs that cater to financial institutions” “When implemented alongside our existing branch, teller, ATM, merchant and home capture applications, QwikDeposit To Go is an opportunity for institutions to provide a valuable service for account holders, while at ... market trends, news research and surveys resources


Remote Deposit Services Agreement Terms and Provisions
The following terms, provisions and service descriptions constitute the Remote Deposit Services Agreement (this “Agreement”) made ... technology research, surveys study and trend statistics
Risk Management of Remote Deposit Capture
Jan 14, 2009 ... Remote Deposit Capture (RDC), a deposit transaction delivery system, ..... with traditional deposit services and may choose to reduce ... technology research, surveys study and trend statistics
Recently, several banks have started offering customers remote deposit capture. With this new service, customers do not have to physically go to banks or ...
What kind of services does usaa offer to military and their families?
You must qualify for USAA's remote deposit services; eligibility for USAA property and casualty insurance and credit qualification required. Deposits may not be available for immediate withdrawal. Use of the term "member" does not convey any legal, ownership, or eligibility rights for property and casualty insurance products. Ownership rights are limited to eligible policyholders of United Services Automobile Association. Eligibility may change based on factors such as marital status, rank, or military status. Contact us to update your records. Children of USAA members are eligible to purchase auto or property ...
Banks with Deposit@Home check scanning services? | Ask MetaFilter
This has been asked before, but it's 2 years later and one figures that there should be some progress on this front. For years, USAA has offered (to its military clients only) the ability to scan the front and back of a check, send it to them electronically, and poof, your check is deposited. I'm a private, non-business, non-military USAA customer, and I don't get access to this. It's been 2 years since this was asked on MeFi; any updates? Googling has so far informed me that some company called Checkfree has made a software package to sell to banks for this purpose in Feb, 2008, but I can't seem to ...