Call 2013 the breakthrough year where, suddenly, a mobile banking feature leaped into must- have status, as another feature – once much hyped – continued to fail to win significant adoption.
As for the must have, the name is awkward, but in 2013 mobile remote deposit capture emerged as an essential as credit unions raced to add it to their mobile menu, said Doug Brown, a senior vice president at financial tech giant FIS.
The advantage of MRDC: It lets any smartphone owner make deposits from the convenience of an armchair or a desk. Snap a photo of the front and the back of a check and, just that easily, the deposit is made.
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