Despite the initial hype characterizing remote deposit capture (RDC) as a “fast track to the information superhighway,” financial institutions that were early deployers of RDC typically were slow to roll out the new technology to their customer bases.
Most institutions adopted a cherry-picking strategy, selecting only their well-established, solid businesses as targets. But the times, they are a-changing.
According to the U.S. Census Bureau, there are approximately 24 million small businesses. And BAI’s Banking Strategies reports that small businesses contribute more than 50 percent of the retail payments stream today.
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