Category Archives: Mobile Deposit Capture / Remote Deposit Capture (RDC)

Depósito de Cheques por Celular

How Small Banks Can Overcome Big Banks’ Lock on Mobile

Kevin Tynan, senior vice president for marketing at the $850-million asset Liberty Bank for Savings in Chicago, says community banks face a major threat from big banks in the realm of mobile banking. With online banking used by 51 percent of U.S. adults and 61 percent of Internet users, he says community banks cannot affordContinue Reading

Consumer Remote Capture Seen as Most Risky Area

With the explosion of mobile remote deposit capture (RDC) demand, banks are seeing a shift in where RDC losses are occurring. “Risk and compliance were banks’ top commercial RDC priorities for several years,” says Bob Meara, senior analyst with Celent’s Banking Group and author of a report on the subject. “Now, it’s the retail banks’Continue Reading

U.S. Bank Makes Mobile Credit Card Play

U.S. Bank, U.S. Bancorp’s main subsidiary, on Monday announced the rollout of another addition to its mobile banking application: Mobile Photo Balance Transfer. Camera-based smartphone mobile banking app developer Mitek developed the new service, which lets a customers respond to a balance transfer or apply to transfer a credit card balance to U.S. Bank simplyContinue Reading

Sun National Bank Unveils Mobile Deposit Capability

New Jersey-based Sun National Bank has rolled out its new Mobile Deposit tool that lets customers deposit a check in their current accounts just by taking its picture on a mobile phone. Using the Sun National Bank mobile banking application, customers can also view account balances, check pending transactions, transfer funds, and make single billContinue Reading

Mobile Check Deposits, Bill Payments Spike in August

  American Banker’s Mobile Banking Intensity Index for the month of August was high — 69.8 — meaning banking customers are using their smartphones and tablets to conduct financial transactions at a steadily growing rate. Several banking executives who responded to a survey on mobile banking — which is where the index gets its valuesContinue Reading

More Banks Start Offering Photo Check Deposit Mobile Apps

Two large Boston-area banks have introduced mobile apps that let their customers deposit checks by using their smartphones. TD Bank updated its mobile app for retail customers so they can now take a photo of a check on their phone and deposit it in their account, without having to visit a branch or an ATM.Continue Reading

Hawaii Bank to Promote Mobile Deposit with Social Media Game

Bank of Hawaii, a subsidiary of Bank of Hawaii Corp., this week introduced a social media game to promote use of its mobile deposit functionality, a feature it launched about a month ago, while also aiming to grow its fan base. The Say Deposit contest requires people to like the bank’s Facebook page and givesContinue Reading

TD Bank Rolls Out Mobile Check Deposit

TD Bank on Wednesday announced a new mobile check deposit feature for customers using its mobile banking app for Android and iPhone. The mobile deposit feature will be available for any TD customers who have had a checking, savings, or money market account for at least 90 days, the bank said. From “TD Bank RollsContinue Reading

First Southern Bank Rolls Out Remote Deposit Capture

First Southern Bank of Boca Raton, Fla., is launching remote deposit capture for its business customers. The $1 billion asset bank is using Transmodus’ check processing platform to enable the technology. First Southern said the new feature will work when a person scans a check and then uploads that image to the bank’s website. FromContinue Reading

Most Wanted Mobile Banking Feature: RDC

When asked about their most-wanted feature, mobile banking customers mentioned remote deposit capture (RDC), followed by voice authentication and mobile photo bill pay, according to a new mobile banking study by ath Power Consulting. One in three mobile banking users are more likely to pay for mobile banking now than they were just one yearContinue Reading