Adoption of commercial remote-deposit capture, which refers to business customer-specific RDC solutions, grew by just 10% in 2011 while mobile RDC has become a priority for U.S. financial institutions and vendors, said a new Celent report, "State of Remote Deposit Capture 2011: Signs of a Maturing Market."
According to Celent, financial institutions added a mediocre 65,000 commercial RDC clients this year. By the end of 2011, nearly 7,100 financial institutions will offer at least one commercial RDC solution and have an estimated aggregate 755,000 commercial RDC users or scanners, the firm said.
"With the low hanging fruit already picked, new client RDC sales have been more difficult," said Bob Meara, the report's author and a senior analyst for Celent's banking group. "The business case for RDC among commercial clients has been hammered by the low interest rates that simultaneously produced a de facto price increase through sharply lower earnings credit."
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
