CrossCheck Blog

Saving time and saving money are often the top two reasons a business chooses to utilize a remote deposit capture service for check processing. Another reason? It's good for the environment. As we approach Earth Day on April 22, we take a look at how electronic check processing services positively impact the environment and can be part of a business' commitment to reducing waste and consumption of fuel. Here are some things to consider when putting remote deposit capture, also known as RDC, to work for your business.

Paper check processing has been on the road to "electronification" for over twenty years. Even with the introduction of debit cards and check cards, more than 20 billion checks are written each year according to the Federal Reserve Payments Study. As the cost of transportation and labor continues to increase, attempts to provide alternatives to physically depositing a check at one bank to be cleared at another bank, sometimes thousands of miles away, has become a motivating factor to streamlining the process. Add to that, businesses looking to improve operational efficiencies, and retail companies with multiple locations in need of consolidating banking, and the need for a system such as Remote Deposit Capture (RDC) is evident.

CrossCheck is a member of the Electronic Transaction Association (ETA), an international trade association representing companies who offer electronic transaction processing products and services. Each year the association holds their Annual Meeting & Expo, an event that attracts hundreds of exhibitors and thousands of attendees that come to display, present and discuss the latest and greatest in payment processing technology, services and equipment.