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Remote Deposit Expected at Nearly Half of Banks, CUs

BOSTON -- By the end of 2008, 40% of all U.S financial institutions will have adopted remote deposit capture as credit unions continue to use the tool to court the small business market, according to new Celent report.

By Michelle A. Samaad | Updated on October 16, 2008

BOSTON — By the end of 2008, 40% of all U.S financial institutions will have adopted remote deposit capture as credit unions continue to use the tool to court the small business market, according to new Celent report.

The research firm’s report, “State of Remote Deposit Capture 2008: Sprint Becomes a Marathon,” noted that more than 3,000 new implementations will result in an estimated 7,200 RDC deploying financial institutions through 2008. Once largely a bank phenomenon, a growing number of credit unions have acquired RDC solutions as well with the majority of corporate credit unions now providing turnkey branch capture and remote deposit solutions for member credit unions.

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