MONETT, Mo. — A total of 720 financial institutions have committed to the remote deposit capture solution from Jack Henry & Associates Inc., the company said.
There now are 622 financial institutions and approximately 11,000 merchants currently using the solution, which allows businesses to scan and deposit checks electronically, the company said.
However, not many are credit unions.
“Penetration into the CU space has been minimal, since this is generally tied to an institution's involvement with commercial services. We expect to see a strong growth in RDC interest among credit unions in the months ahead that mirrors growth in member business services as a whole,” said John San Filippo, marketing manager for Jack Henry's Symitar division.
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