Product Type: Market Research Report
Published by: TowerGroup
Published: March 2008
Product Code: R301-1438Description 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.
Table of Contents - Report Coverage
- Background
- The Market for Consumer Remote Deposit Capture
- Exhibit 1 Number of Checks Received by US Consumers (2007-12P)
- Exhibit 2 Fraud Detection and Risk for Branch and Remote Consumer Deposits (2008)
- Exhibit 3 Process Workflow for Remote Consumer Deposits (2008)
- Exhibit 4 Vendors Offering Remote Consumer Deposit Products to Financial Services Institutions (2008)
- Summary
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