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What Auto Dealerships Say About Electric Cars

Posted by Brandes Elitch on Wed, Nov 06, 2019 @ 10:44 AM

Here at CrossCheck, we have been “all eyes and ears” in recent years over news about electric cars because our primary customer base is new car dealerships. Since we maintain an active dialogue with dealerships, we are well aware that CrossCheck and dealerships are fielding a lot questions about how we see the future of electric vehicles (EVs). Consequently, we thought it would be helpful to share a few opinions about how EVs will unfold over the next few years.

First, we pay close attention to the developments in this space, which is obviously critical to our business. Second, we want to “think like a customer” – our dealer merchants – and the dealers want to think like their customers – the car-buying consumers.

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Tags: Auto Dealerships, Remote Deposit Capture (RDC)

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: Brandes Elitch, Electronic Check Processing, Remote Deposit Capture (RDC)

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: Remote Deposit Capture (RDC)

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: Remote Deposit Capture (RDC)

CrossCheck’s Remote Deposit Capture ROI Calculator

Posted by Tom Lombardo on Wed, Oct 15, 2014 @ 11:00 AM

Americans write a check to pay for one out of every five purchases of $100 or more, and over the course of the recession the value of an average check ballooned to $1,420.50 while one in five people said they increased their use of checks. 

Why are checks gaining traction now, right in the midst of a revolution in digital payments? First, because a handwritten check is an exceedingly secure form of payment, and second, because checks have the highest rating for bookkeeping accuracy, an aspect of checkwriting that appeals to fiscally conservative consumers whose ranks grew dramatically during the recession. 

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Tags: Remote Deposit Capture (RDC)

Home Furnishings: Remote Deposit Capture Cuts Through the Noise

Posted by Brandon Weaver on Thu, Jul 10, 2014 @ 10:00 AM

People are exposed to nearly 20,000 ad messages per week ranging from TV commercials, radio ads, billboards, cell phone application ads, pop-ups, and website banners. Talk about sensory overload on steroids! As a home furnishings merchant yourself, you may even be contributing to this statistic in one form or another with a catchy jingle or special promotion. But there’s no shame in that, you have to generate brand awareness and market your own promotions.

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Tags: Home Furnishings, Remote Deposit Capture (RDC)

Remote Deposit Capture Saves Motorcycle Dealers Time & Money

Posted by Tom Lombardo on Tue, Jun 10, 2014 @ 10:00 AM

Last year you saw a 34% increase in “door swings” as more people finally began to find the funds to enjoy motorsports, and it looks like you’re on track for another good year in 2014. While still not back to the pre-crisis boom times, store owners who find every possible source of margin have earned higher profits.

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Tags: Auto Dealerships, Remote Deposit Capture (RDC)

Auto Repair Shop Owners and Remote Deposit Capture are Good

Posted by Tom Lombardo on Wed, Jun 04, 2014 @ 10:00 AM

This year teamwork rules the world for independent repair shop owners and managers. A number of positive factors impacting your business have “teamed up” to make this year’s potential the best you’ve seen in a while. And to hit that potential, successful shops are taking their internal teamwork to a new level.

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Tags: Auto Repair, Remote Deposit Capture (RDC)

Does Your Bank Offer Remote Deposit Capture with Check Guarantee?

Posted by Tom Lombardo on Fri, May 09, 2014 @ 10:00 AM

Banks offer “remote deposit capture” (RDC) services with their merchant accounts so merchants can deposit checks without going to the bank. But sometimes merchants assume that their bank’s RDC service includes features that it doesn’t, and often when they are needed the most.

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Tags: Check Guarantee, Remote Deposit Capture (RDC)

Auto Dealers: Go Green with Hydrogen and Remote Deposit Capture

Posted by Tom Lombardo on Tue, Apr 29, 2014 @ 10:00 AM

Car enthusiasts have been anticipating a hydrogen-powered car for a decade, and environmentalists have been hoping for an entirely hydrogen-powered energy infrastructure for twice as long. Why? Because hydrogen is incredibly abundant and using it produces only one byproduct: water.

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Tags: Auto Dealerships, Remote Deposit Capture (RDC)