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Without a doubt, Check 21 and remote deposit capture have forever changed the business of banking. As the most important developments in check processing since the MICR line, they enable financial institutions to enter the age of all-electronic check processing, vastly improving operating efficiencies and providing hard-dollar savings.

From the beginning, industry experts knew Check 21 could reduce costs related to back-office operations, transportation and paper handling. And they fully expected it to ensure faster funds availability. But fewer recognized the full potential of RDC beyond bricks and mortar. RDC for consumers and small businesses gives institutions a major competitive edge that saves money and ensures customer satisfaction.

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Peter Westerman

 

Credit Union Times

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