Remote Deposit Capture: Consumers on the Go

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The persistent use of paper checks for payments of everything from expense reimbursements to credit balance refunds to commissions is no match for mobile financial service product developers. The ability of smartphones to capture high quality images is at the heart of remote deposit capture solutions capable of turning a promise to pay into spendable funds on the go.

In this Note, we’ll examine the current state of mobile remote deposit capture services to look at who’s developing them, who’s deploying them, and who’s using them.

Author: Patricia Hewitt
Published on: November 23, 2011

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