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Home  > Business/Finance  >  Financial Services  >  Electronic Transactions

One If by Internet, Two If by Mobile Phone: Remote Consumer Deposits Are Coming to US Banks


Published Date: March 2008
Published By: TowerGroup
Page Count: 8
Order Code: R301-1438
 
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A few banks and credit unions recently began offering remote deposit services to consumers. Although remote deposit capture appears attractive to many consumers, it exposes a financial services institution (FSI) to potential losses from check fraud because the original check could be a counterfeit or might be redeposited for duplicate credit. This TowerGroup Research Note discusses the benefits and drawbacks of offering remote deposit capture to consumers, identifies target markets, and overviews processing requirements.

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