Check 21 and Remote Deposit Capture: Creating the Virtual Branch: Industry Research

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Check 21 and Remote Deposit Capture: Creating the Virtual Branch

Published Date: October 2004

Published By: TowerGroup

Page Count: 8

Order Code: R301-1033

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This TowerGroup Research Note provides an overview of remote deposit capture products being announced by several banks. This product type has been made possible by the passage of new check payment legislation and the introduction of new check image equipment and software. The Research Note provides an overview of the check deposit and presentment process and describes the impacts of Check 21 legislation on this process. Further, it identifies the market opportunities for remote deposit products, the vendors active in the market, and the various vendor products. Finally, the report describes the issues that banks must consider when offering remote deposit products.

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