Remote Deposit (RDS) - is a service which allows users to scan checks and transmit the scanned images from a desktop to a bank for posting and clearing.
- Convenience of depositing checks at anytime, anywhere.
- Save time as Remote Deposit eliminates trips to the branch.
- Scan and capture images of both sides of checks received for deposit.
- 24/7 access to retrieve check images via web portal.
- Easily integrate and upload deposit data to ERP or A/R system.
- Improved availability and enhanced cash flow.
- Reduced processing costs and eliminate paper storage costs.
- Consolidate multiple regional bank relationships.
- Reduced return item risk.
- Obtain a same-day deposit of all checks submitted by the deadline.
- Automatically balance deposits before submission.
- Save keystrokes and increase accuracy of balanced deposits with extremely accurate Courtesy and Legal Amount Recognition (CAR/LAR) software.
- Improve cash flow since checks can be deposited immediately.
- Enhance management control since supervisors can review images and deposits and set the degree of approval required for deposits.