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Developments in Check Processing and Remote Deposit Capture

Posted by Brandes Elitch on Fri, Sep 16, 2016 @ 07:00 AM

The September 11, 2001 attack on the World Trade Center in New York’s financial district changed the nation in many ways. The emotional scars still linger, the rebuilding of physical structures continues today, and Congress reformed the way the banking industry handles check processing.

During the second half of the 20th Century, paper checks were flown between US depository financial institutions on a nightly basis. That approach reached crisis on 9/11. For security reasons, all non-military aircraft were grounded for two days following the hijackings and check processing was temporarily halted in conjunction with air travel.

In 2003, Congress passed the Check Clearing for the 21st Century Act (Check 21) to abate future disruptions, opening the door for banks and other institutions to process checks electronically. The law enables recipients of paper checks to create scanned digital versions, eliminating the need to handle paper checks. When Check 21 took effect October 2004, a function known as remote deposit capture (RDC) was introduced to facilitate the acceptance of those scanned images as deposits.

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Tags: RDC-Remote Deposit Capture

Top Ten Best-Selling Books for Home Furnishings Professionals

Posted by Maria Shayna Tzouvelekis on Fri, Feb 12, 2016 @ 07:00 AM

With trends constantly changing in the design and home furnishings industry, Amazon helps experts stay up to date with their most popular and top recommended reading lists. These Amazon "best-of-the-month" and/or New York Times "best sellers" are sure to inspire and educate. 

In the words of literary icon Dr. Seuss: 

“The more that you read, the more things you will know. The more that you learn, the more places you'll go.” ― Dr. Seuss, I Can Read With My Eyes Shut!

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Tags: Home Furnishings, RDC-Remote Deposit Capture

Remote Deposit Capture: The ABCs of RDC

Posted by Andrew Donahey on Fri, Aug 07, 2015 @ 07:00 AM

Editor’s Note: This post was originally published in February of 2014 
and has been updated on August 7, 2015 to reflect new information. 

After close of business each day, you collect all of your customer’s checks, fill out deposit slips, and either you drive to and from the bank yourself or send one of your employees. You take all the shortcuts you know (maybe even run a yellow light or two) just so you can get to the bank before it closes to ensure you will get paid.

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Tags: RDC-Remote Deposit Capture

The Trucking Industry's Secret Future

Posted by Tom Lombardo on Thu, Jul 09, 2015 @ 04:00 PM

Truckers love their industry, and a line in Michael Ray’s hit “Kiss You in the Morning” might just sum up the way most of them feel about their rig and the open road:

Oh, you little outlaw,

Stealing my heart and all…

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Tags: RDC-Remote Deposit Capture, Check Guarantee, Tom Lombardo, Trucking

Veterinarians: Guaranteed & Profitable Customer Payment Options

Posted by Brandon Weaver on Fri, Jun 26, 2015 @ 10:00 AM

There is no denying pets play an important part of our lives – they are family after all. Many pet owners will do whatever they can to improve – or at least maintain – their pets’ health. Because of this dedication, it is in your best interest to accept all payment methods to make the owners’ decision that much easier, but there are some innovative payment alternatives that may help you increase your revenue.

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Tags: Veterinarians, RDC-Remote Deposit Capture, Check Guarantee, Brandon Weaver

How Healthcare Providers Profit from the Smartphone Revolution [Guide]

Posted by Tom Lombardo on Wed, May 20, 2015 @ 11:05 AM

Too many apps on your smartphone? There’s an app for that.

And why not? There seems to be an app for everything these days, but according to PC Magazine, right now only seven of the top 100 have anything to do with health.

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Tags: MED-RDC, Medical, RDC-Remote Deposit Capture, Healthcare, Tom Lombardo

Fixing Teeth is Like Selling Cars

Posted by Tom Lombardo on Tue, Apr 21, 2015 @ 10:01 AM

As it turns out, car dealerships might have discovered the key to expanding your dental practice this spring and summer.

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Tags: Dentists, MED-RDC, Medical, RDC-Remote Deposit Capture, Tom Lombardo

3 Seasonal Conditions Your Medical Practice Should Prepare for Now

Posted by Brandon Weaver on Mon, Mar 30, 2015 @ 11:00 AM

Each calendar season produces its own challenges for people and accidents they may experience. Summer is known as trauma season, fall is the beginning of the flu outbreak, and winter typically has more snow-sport injuries and automobile accidents from poor road conditions.

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Tags: MED-RDC, Medical, RDC-Remote Deposit Capture, Brandon Weaver

Three Ways Medical Clinics Can Profit While Everything Changes

Posted by Tom Lombardo on Thu, Mar 05, 2015 @ 07:00 AM

Some version of this chart has been trumpeted in the media for over a decade now, and while it’s clear that helped instigate demands for improvement, it’s not at all clear that the reforms it prompted will solve the problem.

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Tags: MED-RDC, Medical, RDC-Remote Deposit Capture, Check Guarantee, Healthcare, Tom Lombardo

All the Remote Deposit Capture Resources You'll Ever Need

Posted by Brandon Weaver on Thu, Feb 05, 2015 @ 07:00 AM

We have touted remote deposit capture's benefits ever since it was introduced more than a decade ago. For those who don't know, remote deposit capture (RDC) effectively brings the bank teller window to your place of business. It also allows business owners to:

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Tags: RDC-Remote Deposit Capture, Brandon Weaver

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