According to Bob Meara in a 2008 interview with Tech-Target, “In the history of U.S. financial services, there’s never been a technology adopted faster than RDC.” This has continued to hold true today. Initially created for large business customers, RDC – or remote deposit capture – has become a popular feature used by consumers because it offers many conveniences and immediate funds availability. For credit unions, it’s a quicker way to grow core deposits while also meeting members’ expectations for self-service banking. In fact, the use of remote deposit capture has increased by 98% from 2015 to 2016, according to a Guardian Analytics report.

However, with the growing use of remote deposit capture also comes the increased risk of duplicate check presentment – checks being deposited more than once, either accidentally through human error or intentionally by fraudsters. One recent example of fraud occurred in Florida, where a man deposited three separate paychecks digitally, then cashed them in person, essentially double-dipping. What is alarming about this story is that the employer was the first to notice; not the financial institution.

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