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There’s no doubt that passage of the Check 21 Act opened the way for financial institutions to capitalize on exciting developments on the check-imaging frontier: remote deposit capture, or RDC, in all its many forms. By the end of 2005, a little more than a year after Check 21 was enacted, fewer than 4% of U.S. banks were making use of branch-capture technology. Yet by March 2007, more than a third of all financial institutions–some 3,000 of them–were using RDC. And a study by research and consulting firm Celent shows that number climbing to half of the nation’s FIs by year-end. Indeed, adoption of RDC is occurring even faster than what Celent terms the “Internet banking gold rush.”

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