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What is Remote Deposit Capture (RDC)?
Ever wonder how your bank can offer you Online Check Deposit Services for "No Cost"? They even provide a check scanner for "No Cost"? Sounds too good, right? In fact, Banks have real costs to process your check deposits - They also receive Real Revenue by processing your checks! Generally they receive more revenue from you than cost because they are in the business of making money - not a charity.
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Most notably, Banks earn money on NSF Fees. Now You can earn these revenues directly (bypassing your bank). Most RDC software providers do not offer you (the merchant) this feature - we do - you are in total control.
Now, with Check 21, and our Remote Deposit Software solutions, you can collect those fees instead of your bank. Not only can the cost of this service be $0/mo, it can actually generate income with as few as 2-3 NSF per month. Why let your bank control these fees and profit when you can set your own NSF rate and occasional actually gain revenue from our check processing services?
What will you have to do?
You will Scan the physical (paper) check(s) into check images - That's It - AND-
Our service does the rest -
we even collect any NSF fees when that unfortunate event occurs. Now you can receive payments and Fees directly for NSF (instead of your bank). You have control of these fees, deposit schedules, when and how money moves through your account(s) etc..
The advantages of our Check Processing Software are numerous. The NEW Check 21 Act allows data to be extracted and electronically deposited to your bank much faster. The check images become the legal form.
(No more waiting days for funds to show up in your account).
RDC is also referred to as Remote Capture - Remote Deposit - Check conversion - Check imaging - Check image conversion - Merchant Capture - Electronic Deposit - Electronic Check - Image Deposit - Automated Clearing House (ACH) - Back Office Conversion (BOC)- Accounts Receivable Conversion (ARC) - Point of Purchase (POP)- Point of Sale (POS)
and many more.
Our RDC solutions allow you to scan these paper docs and electronically image and index the data. This very powerfully allows you to immediately process the data into your existing AR software (automatically! - not manually) - and deposits funds into your bank account as soon as the same day with funds available as soon as the next day.
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Available NOW for all Businesses (check image/truncation)
(and anyone) can now have it - It is no longer an advantage that only large Corps and Banks have access to.
The Check 21 Act has made it possible to convert these check images electronically in your office. |
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Why switch to Remote Deposit Capture?
ELIMINATING up to 40% of the office labor-
Scan your daily checks into check images (and remittance stubs) up to 150 docs/min - this is the remote capture part. Then send the automated, formatted electronic file to your bank for deposit information
. The second , and equally impressive, step is to automate the posting of all the checks into Accounts Receivable if remittance stubs were also scanned.
Benefits of RDC include:
Greener way to pay - Remote Deposit Capture eliminates the drive to the bank.
Cheaper - No wasted time - up to 40% time saved in Accounts Receivable. Lower NSF fees with auto re presentment.
Integrates indirectly with your existing Business software.
Use your existing bank - No need to change bank account(s).
Eliminate wasted money gaining interest on funds available sooner.
Affordable Business Equipment/software - Fit your need and solutions sized to fit your budget and needs. Leasing optional.
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- software scanning batches are self-contained. Fully client/Server or Stand-alone or 100% hosted solutions to fit any level of technological comfort zone. There is no chance of double deposits.
Control - You control the flow and timing of all your funds. As it should have been.
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