About 95% of credit unions and banks offering mobile remote deposit capture (mRDC) said the benefits exceeded the costs and risks, according to RemoteDepositCapture.com's second annual industry study.
When asked to rank various payment types in terms of riskiness, the 255 bank and 67 credit union participants placed mobile deposits fairly high on their lists, just after debit and credit cards.
However, the survey results also indicated risk-related fears do not match reality: Less than 25% of respondents incurred transaction losses, loss rates are at a fraction of a percent and solutions continue to improve.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
